We will supply your personal information to credit reference agencies (CRAs) and they will give us information about you, such as about your financial circumstances and financial history. We do this to assess creditworthiness, check your identity, manage your account, make responsible, reliable and fair decisions, trace and recover debts, prevent criminal activity and to enable you to build a credit history.
We exchange information about you with CRAs on an ongoing basis, including about your settled, paid accounts and any debts not paid on time. We consider that in order to better manage our services, data on all customers of our organisation should be shared in this way in order to make more effective credit decisions about you and the detection and prevention of fraud. CRAs will share your information with other organisations. Your data will also be linked to the data of your spouse, any joint applicants or other financial associates.
The identities of the CRAs, and the ways in which they use and share personal information, are explained in more detail within our privacy notice document below.