Government Credit ReportCredit report of the government
Are the authorities looking at my credit records? Equifax, CallCredit and Experian are licenced and regulated credit bureaus active in the UK.
Collects information from a variety of credit and other third parties to create credit reports about people. You then analyze the information in this report to compute a credit rating that gives an idea of how likely it is that a person can repay a loan. If you make an application for credit, creditors will ask one, two or all three credit bureaus for information.
On the basis of this information, the creditor will then evaluate your creditworthiness. Information on credit reports comes from creditors and other third persons and is provided to all credit bureaus. The information for each report is therefore very similar. Nicks differ with respect to what they are made of and how they are derived, but basically if you are a high notch with a credit reporting agent, then you will most likely be similar at each of the others.
Which information do credit bureaus have about me? Which information will appear on my report? What can I do to increase my points? How do the different credit ratings mean?
Will using this feature impact my credit rating? Checking a credit report leads to an "offer" or a "personal" query (soft search), i.e. it is only displayed in your own credit report. If you request a loan, you will be asked for your consent, and the creditor will then check your credit report, and a "credit request search" (or tough search) will be added.
Loan requests are displayed to other creditors because they may constitute new debts that are not yet displayed on a credit report as an account. The search for credit applications can have an impact on creditworthiness. Be sure to review your report periodically to identify evidence of cheating and ensure that you are administering your credit well.
What can I do to increase my points? Are the authorities looking at my credit records? How do the different credit ratings mean?