Credit Reference Agencies

Get expert opinion. This is the place for new questions to be posted.
3 posts Page 1 of 1
Posts: 6
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?
User avatar
Forum Expert
Posts: 27708
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.
User avatar
Shaun Vickery
Industry Expert
Posts: 747
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.
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: Bing [Bot] and 27 guests