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What does a tenant's credit check show?

When you do a credit check the credit agency send your information to a number of information centres which may hold various pieces of information about you. This information is then sent to the credit agency compiling your report, and is displayed to you in a final report. This process is done electronically, which means that within an number of seconds you can have the results. The information centres which provide these informations are detailed below.

Electoral Roll Entries:

Lenders use the electoral roll to check the identity of the people applying for credit and to make sure the addresses provided on application forms are correct.

County Court Judgements:

Court judgments are held on your credit report for six years from the date of the judgment. The Credit Reference Agencies receives the information from Registry Trust, an independent organisation set up by the Lord Chancellor's Department.

Bankruptcy:

If you have been declared bankrupt, credit reference agencies will obtain this information from the official gazettes. It is kept on your file for six years after the date of the bankruptcy order.

Information from lenders:

Lenders can use the information to identify good payers as well as bad payers and those who already have several credit accounts. Credit accounts can be classed as settled, active, defaulted, or delinquent.

CIFAS:

CIFAS is a system that was developed to detect and prevent fraud, it protects innocent people whose names and addresses have been used fraudulently by others to obtain credit.

A CIFAS warning on your file does not mean you are being accused of fraud. Organisations who are members of CIFAS examine credit applications very carefully and may contact you to make sure you have applied for the credit. They will not automatically refuse applications from people with warnings on their file.

GAIN:

GAIN, a network through which lenders share information on customers with debts who have moved home without telling their lenders of a forwarding address. The information may include both the address the customer moved from and any address the customer has since been recorded as living at.

Other Information:

A record of lenders who have searched your file as a result of you applying for credit will be shown for 12 months. This information can help lenders identify any unusual credit activity or over-commitment.

Agencies make a record (known as a "footprint") on your report to show that a file has been applied for in your name and address, but this will be shown only to you and not to lenders.

Your previous addresses, or any addresses you may use for correspondence, may be listed on your credit file. These links are created by account information moving between addresses, as a result of lenders checking your records at previous addresses, or as a result of information you give to the credit reference agency.

Your credit file will show the two addresses that are linked, how the link was created, and the date and source of the link. The link will only be broken when agencies are asked to do so by the organisation that created the link.



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