Statutory Credit Reports Now Available Online

Credit Report

All three credit reference agencies in the UK have now conformed with a Labour government initiative to make statutory credit reports available to consumers online.

Previously this industry standard credit report was only available in a paper format for a nominal £2 fee often taking upto a week or more to arrive by post. In a move to make access to credit information easier and faster the Government ordered the big three, Equifax, Experian and Call Credit to make the reports available online for the statutory fee of £2.

Equifax made the statutory report, which allows consumers a snapshot view of their credit payment history, available online back in March of this year whilst Experian made theirs available 2 weeks ago and Call Credit conformed 2 days ago.

Major industry experts agree that this is a big step forward and recommend that everyone should check their credit history before applying for any major credit deals and there is no excuse now.