1. The credit reference agencies make their money from holding and gathering personal data about me. Why should I have to pay to check at regular intervals that the data about me that they are selling to third parties is accurate? The cost to a credit reference agency of supplying me with this data by email is tiny, yet Experian wants to charge me £7.99 per month for regular reports.
2. Identity theft is a growing problem. Sometimes the first time that an individual becomes aware that his identity has been stolen is when he is suddenly refused credit because the thief has borrowed a large sum in his name. A system whereby the victim gets notified by the credit reference agency of significant changes to his credit rating would provide an earlier warning.