Strategic planning responding to external influences

1166

Experian operates the UK’s largest Credit Reference Agency (CRA). There are three in the UK. Banks and credit card companies share information about their customers’ credit accounts with each other through the CRAs. They then use this information to help them quickly make lending decisions. The lender decides whether someone is likely to, and can afford to, repay any borrowings by looking at how much credit they already have and how they are managing this. Lenders pay a fee to the CRA each time they…

This content is available to members only.
Loginor Subscribe Now