25 May 2023
CAIS stands for Credit Account Information Sharing. It is a credit reference agency in the UK that collects and maintains data on individuals' credit and borrowing activities. CAIS provides credit information to lenders and financial institutions to help them assess an individual's creditworthiness and make informed lending decisions.
Understanding CAIS is important for individuals who are applying for credit or seeking car finance. Lenders often use credit reference agencies like CAIS to access an applicant's credit history, including information on previous loans, credit cards, and repayment behavior. This information helps lenders assess the applicant's creditworthiness, determine the interest rates, loan amounts, or finance terms they may offer.
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|Total amount payable||£0|