January 16, 2006

Anyone applying for an Asda credit card will be required to complete a credit check application form from the Experian credit agency. This credit check will be paid by Asda and will enable the customer to view their credit report.

Asda will also provide a leaflet explaining the credit report. The report can show up previous bad debts or payment defaults, however, it can also show positive information that showed you made repayments regularly and on time.

Asda have been promoting their credit card since 2004 and are a wholly owned subsidiary of the American giant Wal-Mart.

Credit reports are available to anyone. Credit agencies include Experian, Equifax and Callcredit. All that is required is a payment of £2.00 and you will receive your report.

"Credit reports are very difficult to understand and although customers receive them free of charge via the Asda pack, this is only half the job," said Asda's director of financial services, Gev Lynott.

"They also need to understand the report's content and know how to mend their record if it is incorrect, which our pack also helps them to do."