Is there a credit reference agency consumer lacklist?
No, credit reference agencies do not have ‘blacklists’. They do not themselves give an opinion about whether you are credit worthy. The credit agencies simply compile and hold the credit files and then provide the information to the lenders who draw their own conclusions based on what they find. How do lenders decide whether I am credit worthy? Lenders may use a credit reference agency files as part of their credit checking, and may also assess any separate information that you may provide to them yourself. If the lender uses a credit reference agency, they will look at the information that has been compiled about you and this may influence their decision. Some lenders use ‘credit scoring’ to arrive at a decision. What is ‘credit scoring’? Some lenders have set criteria for deciding whether a person is a reasonable credit risk. They use these criteria so that they can remain objective and consistent when making lending decisions. For example, they may award you points for things that t
