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Source: Telegraph The Government is poised to remove all privacy to our financial arrangements by allowing banks and other institutions to reveal full details of our accounts to each other and credit reference agencies, even though we may not have given permission for this data to be shared. The move is likely to prove controversial as credit reference agencies can be prone to errors. Citizens Advice confirmed that the bureaux regularly deal with clients who have been refused credit because of problems with their files. Moira Haynes of Citizens Advice says: “There can be things on files which customers do not agree with, or imply financial associations with other people which do not exist. We do what we can to help them get the mistakes corrected.” [more] Leave your own comment |
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