Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

    Loan Application Information
    • #1
    • 15th Apr 12, 9:44 AM
    Loan Application Information 15th Apr 12 at 9:44 AM

    Apologies if this post is in an incorrect thread. Apologies also if this is a little long winded.

    About a month ago I applied for a "Buy Now, pay in 12 months time" loan, but my application was rejected. I went home and paid for a detailed Experian Report which showed my credit rating to be excellent with no defaults etc.

    I contacted the loan company (Creation Finance) to ask why my application had been rejected. The response from the Underwriters was a rather unhelpful "your application didn't meet our scores".

    I asked Creation if the data which Currys had input in my application could be made available to me, reasoning that there may have been a mistake in the information Curry's had submitted. I was told this information could be provided for a fee of £1, which I duly sent off. I was also very specific what data I was requesting.

    A few days later I received a letter from Creation saying they'd not received my payment. I sent a second payment only then to receive a telephone call to say they had infact received my original payment!!

    A week later I received another telephone call from them to repeat what the Underwriters had originally told me. Despite requesting Creation provide me with a "copy of my application form (for credit) which was submitted by Currys on Saturday 10 March 2012.", they've somehow misunderstood this request.

    In my telephone conversation when I again repeated my original request I was told they would send me the data which the operator was looking at on screen, which they confirmed was NOT my application.

    So, from being told they could provide me with a copy of my original application, Creation appear to be back tracking. The nature of my job means that I have to have a perfect credit rating which I've always had.

    I'd be really grateful please if someone could give me some answers to the questions below.

    Under what "legal powers/legislation" (other than the DPA) can I request this information (copy of my application form) on?

    Are Creation likely to keep a copy of my original application in the "back office" data?

    If Creation fail to provide me with this information, what action can I take to obtain it?

    What could be causing the rejection?

    Are Creation obligated to providing me with the specific and actual reason?

    Many thanks in advance.

Page 1
    • bengalknights
    • By bengalknights 15th Apr 12, 11:11 AM
    • 4,160 Posts
    • 1,521 Thanks
    • #2
    • 15th Apr 12, 11:11 AM
    • #2
    • 15th Apr 12, 11:11 AM
    They dont have to provide a copy of application unless you have a credit account with them which you dispute later.

    However in this case it seems your just not profitable to them hence the decling.

    A perfect credit file doesnt always guarantee credit.
    • chanz4
    • By chanz4 15th Apr 12, 11:28 AM
    • 9,884 Posts
    • 2,873 Thanks
    • #3
    • 15th Apr 12, 11:28 AM
    • #3
    • 15th Apr 12, 11:28 AM
    Creation also search equifax mainly, you checked this?
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
  • Apples2
    • #4
    • 15th Apr 12, 12:21 PM
    • #4
    • 15th Apr 12, 12:21 PM
    With such a poor level of service from them so far, why are you so desperate to become a customer of theirs?

    They don't "owe" you an acceptance for their finance.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

2,295Posts Today

7,720Users online

Martin's Twitter
  • Interesting, most people say they would champion a policy from a party they usually oppose. Yet is anyone brave eno?

  • RT @MSE_Deals: The MSE deals team are in the office nice and early to bring you full analysis of all the #BlackFriday deals throughout the?

  • RT @MSE_Deals: #BlackFriday UPDATE... We've spotted some of Currys' prices are cheaper online than in its stores, eg, Sonos Play 1 £149 onl?

  • Follow Martin