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Credit Reference Agencies (74KB)
There is no such thing as an actual ‘credit blacklist’ but
if you do not pay your debts, you may find it difficult to get credit in the future.
When you
apply for credit, most companies will consult a credit reference agency. They keep records of all
county court judgments and details about credit accounts. This will show if you are behind with your
payments.
If you are in arrears or have a county court judgment you may well be refused
credit. The records will also show when you have paid your debts.
If you are refused credit,
you have a right to ask if the finance company has used a credit reference agency. It must give
you the agency’s name and address.
To find out what information an agency holds on you, write
to it and enclose a cheque or postal order for £2. The agency should send the information within
seven days. If the information is wrong, you have a right to change it.
The Information Commissioner's Office publishes a useful guide dealing with
credit reference agencies, called ‘Credit Explained’.
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