Credit Reference Agency
A credit reference agency is an organisation which tracks your borrowing in order to build up a reliable picture of your credit worthiness. If you apply for a loan it is almost certain that the lender will go to a credit reference agency to check up on your financial records to see if you have a history of bad debts, late repayments, missed deadlines and so on. You can also ask the credit reference agency to let you see your own file, and you can even apply to have your records amended to correct erroneous information.
There are two main credit reference agencies in the UK, Experian and Equifax.
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