The British public has been set a challenge to ensure their credit files are accurate and up-to-date in 2011.
The Information Commissioner’s Office has explained that under the Data Protection Act, everyone has the right to obtain and protect the information financial institutions hold about them. If the content on an individual’s credit file is inaccurate then that individual can ask for it to be corrected.
This can stop lenders from turning down requests for credit on the basis on inaccurate information.
Credit files highlight fraud
Incorrect information on an individual’s credit file could be as a result of fraud. Those who regularly check their credit file are more likely to quickly spot fraudulent financial products that have been taken out in their name.
Download ‘Credit Explained’ by the Information Commissioner’s Office for more information (pdf, 333kb).
Please note: Action Fraud is not responsible for the content on external websites.
To report a fraud, call Action Fraud on 0300 123 2040 or use our online fraud reporting tool.
| Attachment | Size |
|---|---|
| Credit challenge - ICO.pdf | 332.76 KB |
