FCA issues warning over credit builder products

10th November 2025 Consumer Lending | #credit building

New Financial Conduct Authority (FCA) research has warned that people should review and avoid using certain credit builder products. The review looked into credit builder products and the harm that they can cause to consumers, particularly if they are struggling with debt. Credit builder products claim to help people build a record of making payments,…

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Experian launches credit file building service

Experian has announced plans to pilot a new service that could help millions of financially excluded people get better access to mainstream financial services. The new initiative aims to help people with little or no credit history, the so called ‘credit invisibles’ to build out their credit files in as little as three months, for…

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