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Figures from credit referencing agency Experian suggest fraud rates at Wonga are double the level seen on traditional unsecured loans.
But before granting a rent guarantee, the insurer will require that the tenant goes through extensive credit referencing checks and income verification.
Furthermore, we will pass their details back to our credit referencing agency which may affect their ability to get credit in the future.
Including, for example, using more information from third parties such as credit referencing agencies to identify circumstances which are incompatible with the benefit claim.
The credit union's demise has been blamed partly on high levels of bad debts on loans to members, plus "inadequate credit referencing and credit control".
Other agents seem to make them up as they go along, throwing in fees for "administration", "check-in", "inventory", "deposit protection" and "credit referencing".
Similar(51)
(3 Employee credit references.
This is not a credit reference.
"Ask for — and check out — credit references.
Audits of the main credit reference companies.
What are credit reference agencies for?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com