Who can check your credit record?
Lenders check your credit record to decide whether to lend you money. Landlords, insurers or employers might also check your credit record.
What’s on a credit record
Your credit record includes all the times you’ve been given credit by a bank or company and whether you paid it off in time.
You’ve had credit if you’ve ever:
- had a loan
- asked your bank for an overdraft
- used a credit card to buy something
- needed a payday advance
- bought something on hire purchase — including interest-free deals from stores.
About your credit record
Information about your repayment history can be kept on your credit record for up to 2 years.
If you have unpaid debt where the lender tried to recover the money you owed them, this can appear on your credit record for up to 5 years — even if you’ve already paid off the debt in full.
- what affects your credit record
- how to complain about a credit reporting agency
- how long unpaid debts stay on your record
- what happens when you’re overseas.
You have the right to:
- ask for a copy of your own credit report
- check and correct information on your report that’s wrong
- ask that your credit file is "frozen" and not released to anyone without your permission
- complain to the credit reporting company.