The short answer: no. All three main credit reference agencies operating in the UK are subject to the same regulations driven mainly by the European Union, via the European Commission and the European Securities and Markets Authority. On top of this, the UK government has their own set of laws and regulations that credit reference agencies must follow.
Credit reference agencies are also regulated by the Financial Conduct Authority (FCA), and must have their permission to perform Credit Information Services.
All three credit reference agencies have their own anti-fraud protection protocols. For example, when registering with TotallyMoney, you’re asked a series of knowledge based security questions before you are able to access your free credit report. These are provided by TransUnion and help validate your identity. If you answer these questions wrong, TransUnion blocks you from access your credit report through our services.
TotallyMoney has absolute confidence in our use of TransUnion and understand all credit reference agencies operate to the same level. When using your TotallyMoney credit report and score from TransUnion, remember it’s only a guide. To get the best understanding of how you will be viewed by lenders, you should look at reports provided by all three credit reference agencies.