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Credit Reference Agencies

Question for Treasury

UIN HL2979, tabled on 25 March 2020

To ask Her Majesty's Government what assessment they have made of (1) the operation of UK credit scoring agencies; and (2) reports that such agencies have closed their telephone helplines but continue to blacklist customers whilst their automated systems are not functioning effectively.

Answered on

3 April 2020

The Government recognises that the outbreak of COVID-19 may lead to consumers facing financial difficulty and uncertainty. The Government is working closely with industry, including credit reference agencies (CRAs) and the Financial Conduct Authority (FCA) – the regulator responsible for CRAs – to ensure that consumers are not treated unfairly as a result of this crisis.

Some CRAs have experienced operational difficulties with respect to its telephone helplines due to a reduction in call centre capacity. CRAs’ online portals are available for customers to make any inquiries while these issues are being resolved.

Answered by

Treasury