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Britain Today: Credit watch.

CREDIT reference agency Experian has launched a new service which aims to alert lenders to people who may be at risk of defaulting on debts.

The group will use its extensive financial data to watch for patterns among borrowers that may mean they are having trouble keeping up with repayments.

These triggers include missing a second payment on a credit card held with a different provider, exceeding a credit limit or getting a county court judgment (CCJ).

The group will also watch for a high number of credit applications in a short period of time.
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Publication:The Journal (Newcastle, England)
Date:Nov 20, 2007
Words:95
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