Credit Reference Agencies

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Neil2888
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by Neil2888 » Wed Jan 24, 2018 12:22 pm
When applying for finance do companies use Noodle & Clearscore along with the 3 main reference agancies - as they are some 4 - 6 weeks behind in their reporting?
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Foggy
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by Foggy » Wed Jan 24, 2018 12:55 pm
No -- Noddle & Clearscore are "powered" by the standard agencies and are a consumer tool. The lenders see a report direct from whichever of the three agencies they subscribe to and see the history and not the score, which is meaningless to them.
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Shaun Vickery
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by Shaun Vickery » Wed Jan 24, 2018 6:46 pm
They generally use one or sometimes 2 of the main three credit reference agencies but each lender varies. They will always be a little behind whilst the lender updates them.
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