Treasury - Third Report
Credit Searches

---

Here you can browse the report together with the Proceedings of the Committee. The published report was ordered by the House of Commons to be printed 15 December 2009.

Contents

Terms of Reference

Summary

1  Introduction

Conduct of this inquiry

Regulatory environment

Credit reference files

The Data Protection Act

2  Credit referencing

The role of credit reference agencies

Pricing for risk

Different types of credit searches

3  Credit reference files

Accuracy

Cost

Clarity

4  Multiple credit searches

The problem

Other countries' systems

How important is search data?

As a signal of ability to pay

Numbers affected

Time

Shopping around

What are consumers offered?

Fraud and open commitments

Does the system deter shopping around?

Possible Solutions

Mandatory quotation searches?

Other systems

Conclusion

Conclusions and recommendations

Formal Minutes

Witnesses

List of written evidence

Reports from the Treasury Committee during the current Parliament

Oral and Written Evidence

Tuesday 27 October 2009

Written Evidence

---

---

Prepared 22 December 2009