Credit reference agency

 

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Credit reference agency

When assessing your application, a mortgage lender will study your records. These records are held centrally by credit reference agencies, and contain information for many different aspects of your life.

Credit reference agency

An agency which holds information about the credit reliability of consumers and makes the information available at a fee to companies offering credit terms (e.g. credit card companies, mail order companies).



Similar Matches

Revealed preference

Revealed preference

The use of the value of expenditure to "reveal" the preference of a consumer or group of consumers for the bundle of goods they purchase compared to other bundles of equal or smaller value. Used by Samuelson (1939) and Ohyama (1972), especially, to examine the gains from trade.


Preference share

Preference share

Preferred shares of a corporation that have first claim to preferred dividends.


Community preferences

Community preferences

A set of consumer preferences, analogous to those of an individual as might be represented by a utility function, but representing the preferences of a group of consumers. The existence of well-behaved community preferences requires restrictive assumptions about individual preferences and/or incomes.


Mortgage reference fee

Mortgage reference fee

If you apply for a remortgage or a new mortgage, the new lender will want a mortgage reference from your existing lender. You will probably have to pay for this. Costs £20 - £50


Homothetic preferences

Homothetic preferences

Together with identical preferences, this assumption is used for many propositions in trade theory, in order to assure that consumers with different incomes but facing the same prices will demand goods in the same proportions.


Further Suggestions

Reference price
banker's reference
Tax preference item
redeemable preference shares
Preferences
trade reference
Preference for variety
cumulative preference shares
stepped preference shares
accounting reference date
Tariff preference
Identical preferences
Preference stock
Reference rate
preference shares
participating preference shares
Generalized System of Preferences
Weak axiom of revealed preference
Involuntary liquidation preference
Liquidity preference hypothesis
Loan Preference Principle


 
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