Consumer credit data held by credit reference and other organisations have become an essential part of the financial market, both in lending and borrowing and debt collection to make the financial sector sustainable. In this month’s Debt Talk podcast, Ripon Ray discussed a crucial topic: ‘Credit Ratings & Debt.’ To navigate the essential subject, he has representatives from two major global credit reference agencies - Experian and Equifax, the Registry Trust, which holds data on a money judgement, and the debt collection and purchaser trade body representative - Credit Services Association. James Jones from Experian spoke about its origin and current role in the financial services market. He explained the parameters in which credit reference agencies are data holders and how the agency gets information from lenders to make its data up-to-date and accurate for legitimate interest. He explored how the profiles of individuals are formed based on data collected and ways they develop c...