Andy’s Finance

From spring, customers can be vetted by credit lenders to see if they pay off their balance in full each month, and make use of promotional 0 per cent deals.

Credit Card firms will also be able to see more signs of ‘high risk’ behaviour such as withdrawing cash with a credit card, and big changes in a customer’s credit limit.

The sharing of this additional “behavioural” information will conclude a two-year project overseen by Apacs, the UK payments authority, to help lenders better judge risk.

However, consumer groups warn the move the first change for more the first change for more than a decade could mean more customer are denied credit.