A Credit Reference Agency holds details of an individual’s credit history at their addresses.

Local authorities, courts, and Lenders share information with Credit Referencing Agencies for the purpose of promoting responsible lending, supporting debt recovery, and to prevent over indebtedness and fraud.

For example, when you make an application for credit, the credit provider will approach a credit reference agency for information about your history with credit to help them verify you are who you say you are, and make a fair and responsible lending decision.

At Updraft we work with TransUnion, one of the credit reference agencies.