Skip to main content
All CollectionsPillar Monitor
Do credit reference agencies make lending decisions?
Do credit reference agencies make lending decisions?
J
Written by Joseph Hungin
Updated over 2 years ago

No – credit reference agencies do not decide whether or not you are to be given credit. That’s the lender’s decision.

Credit reference agencies are independent organisations who simply hold data for credit referencing purposes. They play no part in the actual decision-making process and the information they hold is entirely factual – with no opinions about it expressed.

Did this answer your question?