Credit Searches

"Danger that consumers will lose out shopping around for loans, MPs say. Report calls on OFT, ICO to investigate credit market."

In 2009 the Treasury Committee undertook an inquiry into the impact on the credit ratings of consumers shopping around to obtain credit, through personal loans or credit cards, on the most advantageous terms. The inquiry considered: 

  • The effect of multiple credit searches on individuals' credit ratings including the size of the change in credit scores;
  • The extent to which lenders offer best practice quotation searches

Report and oral and written evidence

Press notice accompanying report

Responses from the Government and Office of Fair Trading

The Committee held the following oral evidence session:

Tuesday 27 October

Witnesses: Martin Lewis,, Toby Van der Meer, MD for Money,, Steve Martin, External & Regulatory Affairs Manager, Equifax, Gillian Key‐Vice, Head of Government Affairs and Regulatory Policy, Experian, Eric Leenders, Executive Director of Retail, BBA, Fiona Hoyle, Head of Consumer Finance & Fraud, Finance and Leasing Association , Jan Smith, Industry Relations Director, Callcredit Information Group, Vivienne Dews, Executive Director, Corporate Services, and Nigel Cates, Deputy Director, Consumer Credit Group, Office of Fair Trading  and Jonathan Holbrook, Head of Data Protection Practice ‐ Private Sector, Office of the Information Commissioner gave oral evidence.


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    • Reports and associated evidence – Reports of Committee inquires. This category may also include Special Reports where they are used by a Committee to bring matters relating to conduct of its business to the notice of the House.
    • Responses to Reports - Responses may be published as a Special Report, or as a Command Paper. They may also be appended to a Report should the Committee have substantial comments on the Response, in which case they can be found listed under Reports. 
    • Other oral and written evidence - Evidence taken by the Committee that has yet to or did not result in the publication of a Report. This includes transcripts of recent meetings.
    • Estimate Memoranda - An Estimate memorandum is an explanatory note that accompanies a government department’s estimate (a means by which a department seeks authority from Parliament for its spending plans).
    • Correspondence - Correspondence sent from or received by the Committee or its Chair.
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