You do not simply get one credit history. What exactly are credit guide agencies?
You truly have actually three – one from all the British’s credit guide agencies.
Here is tips on how to check always every one and exactly how to know whatever they mean. Your credit file is published by businesses referred to as credit guide agencies (CRAs). You will find 3 CRAs within the UK – Experian, Equifax and TransUnion (formerly Callcredit).
These CRAs would be the businesses that creates, and keep your hands on your credit file. They gather information on your credit score, and place this into a credit report and determine a rating for your needs considering these records. In change, loan providers will ask a number of among these agencies for information regarding you before accepting your credit application.
ClearScore is certainly not a CRA. We explain to you your Equifax credit score and report at no cost.
Just how do CRAs work?
Each CRA is delivered information by lenders in regards to the credit you have got and exactly how you handle it. Other information, such as for instance public information such as the electoral roll, will also be provided for the CRAs and form element of your credit file. When a CRA has sufficient information for you, they’re going to create your credit file and determine your credit rating.
How come you’ve got different credit ratings?
Your Experian, Equifax and TransUnion (formerly Callcredit) ratings might be somewhat various because not totally all loan providers report to every CRA. Some lenders just are accountable to one or two CRAs, whereas other people will are accountable to all three. Read More