Crown Credit Finance Limited lends from Ashley Road in Tsim Sha Tsui. We are not a bank; we take no deposits and issue no cards.
Every lender you approach will look at a record of your borrowing. Very few borrowers have ever seen that record, and almost none know how long anything stays on it. That gap is where a whole industry of "credit repair" operates — selling, for a fee paid in advance, something that cannot lawfully be done.
Set out in general terms — retention periods are fixed by the applicable rules rather than by any lender, and they change over time. The pattern is what matters: the worse the entry, the longer its shadow. Check the current position with the credit reference agency itself.
All six are offered constantly, usually to those least able to lose the money. None has a legitimate version.
Accurate information cannot lawfully be removed on request, by anyone, at any price. What can be corrected is an error — and you can dispute that yourself, free, without an agent.
A fee taken in advance, for work that will not happen. The same advance-fee pattern as every loan scam in this market, aimed at people already short of money.
New borrowing does not repair a record; repaying existing borrowing does. A loan taken for this reason usually adds an obligation to a household that was already stretched.
Enquiries are visible. A burst of applications makes each subsequent lender more cautious, not less. Obtain your report, then apply once or twice, deliberately.
That is a false application and it makes the friend the debtor. It ends two ways: they pay for money you spent, or the matter becomes something considerably more serious than a declined loan.
There is no such contact. This is the standard opening for an advance fee, and every money lender's advertisement here carries a warning about intermediaries precisely because of it.
Slower and free, which is why nobody sells it.
Obtain your credit report before approaching any lender. You will know what will be seen, whether anything is wrong, and whether you should be applying at all this month.
If an entry is genuinely inaccurate, raise it directly with the credit reference agency and the lender that reported it. This costs nothing and requires no intermediary.
Consistent on-time repayment on existing obligations is the only thing that reliably improves a file. It is unglamorous, it takes months, and it is the whole method.
A fixed sum over a fixed term with a written schedule. The final payment date is known on the day you sign.
Working capital for owner-run businesses, sized against a quiet month rather than a strong one.
Only where the total cost genuinely falls and the earlier accounts actually close. Anything else is an additional loan with a better name.
Applications made in one person's name for another's benefit, applications where the money is going to another lender's instalment, and anything arriving through a person expecting a fee from the borrower.
An application is recorded as an enquiry, as it would be anywhere. One or two considered applications are unremarkable. A dozen in a fortnight is the thing that causes harm, which is why we suggest reading your own report first and then applying deliberately rather than broadly.
We will tell you the general basis, and if the decision rested on information from a credit reference agency we will say so, so that you can obtain your own report and check it. If something on that report is wrong, correcting it is free and is done by you directly.
Not automatically, and sometimes the opposite: a long-held account repaid reliably is evidence in your favour. What genuinely helps is reducing what you owe and paying on schedule. Closing accounts is a tidying exercise, not a repair.
Do not pay it. Accurate entries cannot lawfully be removed by anyone. If money has already been sent, report it to the police, and do not send more in an attempt to recover it — that second payment is what such schemes exist to obtain.
The register of money lenders is maintained by the Companies Registry and searchable free through its e-Services portal. Look up the exact legal name yourself rather than trusting a number printed in an advertisement or quoted in a message.
Telephone before the due date rather than after. Options while an account is current are much wider, and it is the missed payment reported afterwards that sits on your file for years. If any lender responds to arrears with threats or harassment, that is a matter for the police.
Nothing is payable to anyone before a loan is advanced, and we appoint no agents to approach borrowers.