Graduates and students could be granted too much credit because the government will not share details about student loans, credit experts claim.

The credit reference agency Callcredit claimed that as information on student loans is not available to commercial lenders, both graduates and existing students could be given more credit than they would be allowed if their student loans were accounted for in lending calculations.

Additionally, a graduate that has an excellent record of repaying their student debt could be turned down for credit because they could have no credit history – as the student loan will not appear on their credit record.

Callcredit industry affairs director Mel Mitchley says: “There are 2.8m people in the UK who are currently under the credit radar because of its [the government’s] decision not to share student loan information.

“To many people it’s a no-brainer, the information should be shared as it would help people who have a responsible attitude to their student debt and prevent those who are already in difficulty being granted further credit. We need to have further debate on the matter.”