Creditworthiness Assessment Bill delayed – comments

Rhona Parry, vice president, external affairs, EU at Equifax said: “The delay in passing the Creditworthiness Assessment Bill means a barrier remains in place for the millions of renters who pay too much for credit when they need to replace a washing machine, buy a car or get a mortgage. The Bill shines a light on the penalty renters pay in credit markets because mortgage payments are considered in lending decisions but rent payments are not.

“The Government does not need to wait for the Bill to be rescheduled to solve this problem. In the Budget on Monday it can reduce the cost of credit for many of the two million families who rent council houses across the UK by allowing all credit reference agencies to access rental data directly from local authorities and encouraging housing associations and large private landlords to do the same”.