Glossary: Credit referencing agency

You can check your credit score by doing a credit check with a credit referencing agency such as Equifax and Experian. Such agencies give UK consumers access (for a set fee) to their credit reference files. The reason they can do this is they help compile your credit report and help determine your credit score in the first place. Credit reference agencies give lenders a range of information about potential borrowers, which lenders use to make their decisions and the information shared will usually include information about your previous credit history.

Relevant to: Cut Your Debts

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