Real-time data for payday lenders

%VIRTUAL-SkimlinksPromo%Payday loan firms including Wonga are to start using a new "real-time" information sharing service about consumers' borrowing habits to help them to improve their lending decisions.

The new service is being launched by credit reference agency Callcredit to tackle concerns that lenders should have the most up-to-date and accurate snapshot of a potential borrower's circumstances when they make a loan request.