Where does the data in credit reports come from?
The credit reference agencies gather data from companies such as banks, credit card companies, and other lenders. This data typically shows includes how quickly people settle their account and may also show the credit limits they have been given. Details of missed payments or defaults can appear too. The credit agencies also get information from public record sources, such as local authority Electoral Rolls, and court records including county court judgements, and bankruptcy.

Who uses credit reference agencies?
The credit reference agencies are used by companies deciding whether to approve credit applications. The lenders can look at the information that the customer has provided about themselves, and they also look at the applicants credit report file. Together this information can help them decide whether the applicant appears to be a good credit risk, and a profitable customer to lend to.