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BUSINESS Credit Gap Mind the


cent) are currently at risk of being declined credit by mainstream lenders, according to ‘Mind the Credit Gap’ – a report which aims to better un- derstand the creditwor- thiness of the UK popu- lation, commissioned by aqua credit cards. The research, which was


T 26


HE MAJORITY of peo- ple in Scotland (61 per


based on consumers answer- ing a typical industry credit check questionnaire, reveals that in general women and young people have less ac- cess to credit, with seven in 10 (69 per cent) women and eight in 10 (82 per cent) 18 - 24-year-olds failing to meet the criteria lenders typically look for.


Mind the Credit Gap notes that people from all walks of


 of being declined. Most obvious are those who don’t have a credit history. This includes those who have re- cently moved to the UK or those who have never entered into a credit agreement before and therefore have no repay- ment records. But the research also shows that a third (34 per cent) of people in full time jobs, and 32


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