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We are pleased to respond to the Ministry of Justice consultation on the inclusion of the claimant details on the public register of Judgements, Orders and Fines.
We are supportive of the principle that the name of the claimant is reported on the Register to augment the existing information on the date and amount of the judgement.
We recognise the benefits that an ability to quickly and accurately identify the claimant details could have for:
Lenders will typically consider the value and date of an outstanding judgement in their decisioning, and we do not have any evidence that knowledge of a claimant name would, of its own, be empirically predictive of a different outcome in a lending decision. The proposed benefits will be most efficiently realised if the claimant data provided to the Registry Trust is easily accessible. We consider that this could be best achieved if the information was accessed by the credit reference agencies (CRAs) and reported on a customers’ credit file, although recognise that the process and costs to deliver this haven’t been considered as part of the consultation.
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