Accuracy Of Banking And Building Society Credit Reference Agency Information

EDM number 995 in 1999-00, proposed by Harry Barnes on 19/07/2000.

That this House is disturbed to discover that many people are incorrectly denied a good credit rating by credit reference agencies, building societies and banks on the grounds that they have been given a false address when, in fact, their postal codes have been incorrectly recorded sometimes following changes by the postal authorities to the codes; believes that this causes severe inconvenience, including the cost of checking their credit rating, and embarrassment to those affected and, in some cases, results in people being refused mortgages, bank and building society accounts or loans for important business opportunities; and calls upon all banks, building societies and credit reference agencies to ensure that their records are entirely accurate and up to date.

This motion has been signed by a total of 37 MPs.