Consumers can now access their statutory credit report online for a nominal fee of £2 from all three major UK credit reference agencies: Experian, Equifax, and Callcredit.

An agreement between the Department for Business, Innovation and Skills and the industry means consumers will now have easier access to their credit reports.

Consumer Minister Edward Davey said: “These are highly beneficial changes. All consumers now have easier access to their £2 statutory credit reports