Financial Times FT.com

Tough times on the cards for credit and loans

By Sharlene Goff

Published: February 9 2008 02:00 | Last updated: February 9 2008 02:00

People late paying their mobile phone bills or who forget to settle even a minor credit card payment are being blacklisted for credit cards and loans as lenders take a hardline approach to protect themselves from bad debts.

Lenders are securing access to ever more personal data when deciding whether to offer credit cards and loans, and lapses that would have had little effect on a credit rating a year ago are being used to deny credit.

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