What is a Multi Agency Credit Report?

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Sunny Avenue
Credit Scoring Sunny Avenue
15 Jun 2023

Understanding your credit rating and how lenders view your finances can be challenging. Relying on a single credit scoring website may not give a complete picture of your creditworthiness. That's where a multi-agency credit report comes in.

In this insight, we look into the concept of a multi-agency credit report, the importance of accessing information from multiple credit reference agencies, and the benefits it offers in helping you make informed financial decisions.

Key Takeaways

  • A multi-agency credit report gives you a complete view of your credit status and helps you make better financial decisions.
  • Checking reports from multiple agencies is important to know what lenders consider about your creditworthiness.
  • Benefits of a multi-agency credit report include a thorough assessment, avoiding credit application rejections, and fixing errors.
  • Accessing a multi-agency credit report empowers you to plan and make decisions for a secure financial future.

What is a Multi-Agency Credit Report?

A multi-agency credit report combines information from different credit reference agencies, like Experian, Equifax, and TransUnion. It gives you a complete picture of your credit status, including your credit score, accounts, borrowing habits, and repayment patterns. It's a helpful tool to understand your overall creditworthiness.

By getting detailed reports from all UK credit scoring reference agencies, you can have a more accurate assessment of your credit status. It helps you make better financial decisions.


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If you're looking to see what the banks see on your credit searches, it's a good idea to obtain a multi-agency credit report.
You can view your credit report with CheckMyFile. CheckMyFile offer a 30-day free trial to view your report. If you just need a quick look to make sure all is in order, checkmyfile is a great (free) way to do it. 

Try it FREE for 30 days, then £14.99 a month - cancel online anytime

Credit Reference Agencies

Credit reference agencies collect and store financial data about people from different sources. They create credit reports that lenders and credit websites use to assess creditworthiness. In the UK, the main agencies are Experian, Equifax, and TransUnion, each with its own scoring system and information. Lenders may use different agencies, leading to inconsistent information during the lending process. To avoid surprises, it's important to check reports from multiple agencies for a complete understanding of your creditworthiness.

For example, imagine you want to apply for a loan. You check your credit report with Experian and see a good score and clean history. Feeling confident, you apply to a lender. However, the lender retrieves information from Equifax, which shows some late payments. As a result, your loan application gets rejected. This shows the importance of checking reports from multiple agencies to ensure you're aware of all the information lenders might consider

The Benefits of a Multi-Agency Credit Report

Obtaining a multi-agency credit report offers several advantages over relying on a single credit reference agency. Let's explore the benefits in more detail:

Comprehensive Assessment of Credit Status

A multi-agency credit report gives a better and more complete picture of your credit status. It looks at information from different credit agencies, so you can spot any differences or mistakes in your credit information. This helps you fix any problems and make sure all agencies have the correct view of your creditworthiness.

Minimising the Risk of Rejected Credit Applications

Accessing a wider range of credit information helps you avoid the risk of applying for credit without knowing you have a low credit score. If you only check one agency's report, you might miss negative information from other agencies. This unawareness can lead to rejected applications and harm your credit file. A multi-agency credit report lets you proactively tackle negative factors and enhance your creditworthiness before seeking credit.

Identifying and Resolving Errors or Inaccuracies

Credit reports can have errors or mistakes. By comparing information from different credit reference agencies, you can find discrepancies and fix them. This may mean contacting the agency to update wrong details or disputing inaccuracies. Resolving errors quickly ensures your credit information is up-to-date and truly represents your creditworthiness.

Enhancing Financial Planning and Decision-Making

A multi-agency credit report offers valuable insights that improve your financial planning and decision-making. By knowing your credit status from multiple agencies, you can assess your eligibility for credit, negotiate better terms, and make informed choices about managing your finances. This knowledge empowers you to take control of your financial future and make decisions aligned with your long-term goals.

How to Obtain a Multi-Agency Credit Report

To access a multi-agency credit report, you can use a trusted website like Checkmyfile. It's the only provider in the UK offering reports from Equifax, Experian, TransUnion, and Crediva. By signing up, you can view all the information you need in one place, saving you from using multiple websites or paying separate fees. It's a convenient way to access your credit report.

To obtain your multi-agency credit report from Checkmyfile, you can take advantage of their 30-day free trial. During this trial period, you can explore your credit information from all four major credit reference agencies without incurring any charges. After the trial period, Checkmyfile charges a monthly fee of £14.99. However, you have the flexibility to cancel your account at any time if you choose not to continue using their services beyond the free trial.

Why Is My Credit Score Different With Each Agency?

Your credit score can vary between credit agencies because each agency calculates it independently using their own database. Additionally, some lenders only report to specific agencies, so your credit history might appear different across agencies.

Differences between credit agencies can happen because:


Some lenders only share your credit information with specific agencies, not all of them. So, each agency may have different data about you.


Agencies update their databases at different times. If recent changes to your credit haven't been updated by all agencies yet, it can cause variations.

Scoring Models

Agencies use different methods to calculate scores. They consider factors in different ways, leading to slight score differences.

Data Accuracy

Mistakes or missing information from lenders can affect your credit reports. Errors can make scores differ between agencies.

To stay on top of things, check your credit reports from different agencies regularly. It helps you spot any differences or mistakes and take action if needed.

Using a Multi-Agency Credit Report

So, What is a multi agency credit report? It's a way of checking your credit scoring across multiple agencies through one provider. It helps you to understand your creditworthiness, which is essential in today's financial world. A multi-agency credit report combines data from different agencies, offering a thorough and reliable assessment of your credit status. It helps spot discrepancies, reduces the risk of rejected credit applications, and enables informed financial choices. Accessing a multi-agency credit report, like the one from Checkmyfile, empowers you to take control of your credit future and create a secure financial path.


Stuart is an expert in Property, Money, Banking & Finance, having worked in retail and investment banking for 10+ years before founding Sunny Avenue. Stuart has spent his career studying finance. He holds qualifications in financial studies, mortgage advice & practice, banking operations, dealing & financial markets, derivatives, securities & investments.

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