How is the account information provided in British personal credit information?

On the one hand, it is provided by credit reporting agencies. In Europe in the middle of19th century, people lacked trust because of the rampant fraud. Therefore, in order to maintain normal transactions, in major countries in Europe and America, credit companies or credit agencies providing credit services came into being. 1830, the world's first credit investigation company was established in London, England. Therefore, the account information in British personal credit information is provided by credit information agencies.

However, in terms of credit reporting agencies in Britain, they are not state-owned, and they are basically more personal. For example, there are two multinational credit reporting companies in Britain: Experian and Equifax. Yibaili Company is an international information service company, which belongs to a large British enterprise group, and its main business is distributed in Europe and America. Ackfield is an international information service consulting company headquartered in the United States. The information collected by the two companies is integrated, which facilitates the credit inquiry of many financial institutions and reduces the occurrence of risks.

Later, many countries set up their own credit information systems, which made personal credit more transparent and ensured the normal operation of financial markets.

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