Tom Clarke – 2014 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Tom Clarke on 2014-06-04.

To ask the Secretary of State for Business, Innovation and Skills, what his policy is on a minimum monetary threshold for a late payment which affects an individual’s credit rating.

Matthew Hancock

Credit ratings will take into account a number of different variables, including late payment, but it is a commercial judgement taken by Credit Reference Agencies.