Data Sharing

The sharing of a six year payment history data by around 200-250 UK lenders – so that all lenders can make a more informed decision and avoid over-indebtedness. There are three main data sharing clubs – CAIS (hosted by and distributed by Experian), Insight (hosted by and distributed by Equifax) and Share (hosted by and distributed by Callcredit). Not all lenders are members of each data sharing club, which means that each of the credit reference agencies report varying levels of credit account information.

The sharing of data is regulated by a voluntary code known as the Principles of Reciprocity and overseen by a steering group known as Steering Committee on Reciprocity (SCOR). It has no devolved powers of its own, but operates on behalf of the trade associations that it represents and may only recommend decisions to the appropriate membership.

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