questionText: To ask the Chancellor of the Exchequer, what assessment she has made of the adequacy of the length of time Credit Reference Agencies retain information on defaults; and what assessment she has made of the potential merits of limiting that length of time, including to support people seeking to recover their financial standing.
answerText: Credit files play an important role in supporting informed and responsible lending decisions. They should contain factual information, including records of defaults, which typically form a key part of lenders’ assessments of creditworthiness. Organisation...
heading: Credit Reference Agencies