Full and final settlements - information available to individual creditors.

anony.mouse1

My friend is in a lot of debt, and wishes to start negotiating with his creditors to achieve a package of reduced full and final settlements.

My question is: how much information can individual creditors see regarding his financial information when running a credit file check?

Can they see the full value of his outstanding debts, other creditor's details, mortgage etc., or is the information available to them limited to e.g. number of defaults, credit reference agency scores etc.

Knowledge of the above is critical to his debt management strategy.

Any help would be gratefully received.

NorthernLas

Have a look at the following article. It gives information about what is shown http://www.moneysavingexpert.com/loans/credit-rating-credit-score

anony.mouse1

ok, this tells me that prospective lenders have access to virtually all information on open accounts, payment histories etc. by an individual.

however, i am still unclear as to wether this information would be available to the creditor when chasing an existing debt.