Mr. John Trethowan:

Most people do not know that if they miss a payment on a loan, it appears on their credit bureau search. The more one misses, the more it can be seen in the outputs of these things. It is not just about defaulting on a loan and not paying it back. If payments are missed, people can see that. I have attended some events in Europe in respect of credit registers and credit bureaus. Some 30% of people know what their credit score or credit bureau record looks like. It is very important for businesses to understand what they do and how it can affect their credit bureau record going forward as well.