Questions about your credit

Who does your credit check?
Where does your information come from?
What else can go on the credit check?
What can I do if i’m refused credit?
Can you be blacklisted?
How accurate is the information they hold?
How is your credit rating assessed?

What can I do if I’m refused credit?

Don’t be discouraged. If you have been refused credit it could be because a mistake has been made (see question on accurate information). There are also various simple ways to improve your credit rating of which you may be unaware.

Most companies have signed up to the industry ‘Guide to Credit Scoring’. This means that they will give you some indication as to why you have a bad credit score. You have the option of appealing and supplying further information. However you have to bear in mind, that if is entirely up to the lender whether he lends you money or not. You have to convince him that you are not a risk.