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Payday firm, CFO Lending (£34 million), Ariste Holding Limited (£20 million) and Dollar Financial UK (£15 million) made a deal to pay over about £65 million in redress to its customers. They made an agreement with the Financial Conduct Authority (FCA) to provide compensation to their borrowers for unfair practices.
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As individuals we are all subject to having a credit rating or credit score and this information is gathered and formulated thanks to the Credit Reference Agencies. Our score will be directly reflective of our previous and current performance regarding credit based commitments.
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