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    • wealdroam
    • By wealdroam 28th Nov 12, 7:36 PM
    • 15,742 Posts
    • 12,107 Thanks
    wealdroam
    • #2
    • 28th Nov 12, 7:36 PM
    • #2
    • 28th Nov 12, 7:36 PM
    equifax have point blanked refused me access to my credit report.

    I want to stop them from sharing my credit report or storing any more of my credit details with other companies.

    How do I stop them??
    Originally posted by 101hassle
    You can't.

    I am pretty certain that in every credit agreement you have taken out, you will have agreed to your information and details of the loan being passed to credit reference agencies.
    You will also agree to other lenders looking at this information when deciding to make other financial arrangements with you.

    You might find this document informative.
  • dalesrider
    • #3
    • 28th Nov 12, 8:10 PM
    • #3
    • 28th Nov 12, 8:10 PM
    equifax have point blanked refused me access to my credit report.
    Originally posted by 101hassle
    Why, have they refused?
  • shocky
    • #4
    • 29th Nov 12, 5:18 AM
    • #4
    • 29th Nov 12, 5:18 AM
    I think the only way to stop other companies from accessing Experian would be to avoid taking on future debt. You would have consented to your information being shared when you took out loans, and when you apply for a loan you will authorise the lender to check Experian.
  • Debteraser777
    • #5
    • 9th Dec 12, 10:09 PM
    • #5
    • 9th Dec 12, 10:09 PM
    Question:-

    If a bank / lender sells a debt to a debt collection agency, the debt collection agency cannot and should not place information regarding the account they have bought onto equifax etc as the debt collection agency is not a lender and has not had permission from the debtor to use his / her information?
  • dalesrider
    • #6
    • 10th Dec 12, 9:50 AM
    • #6
    • 10th Dec 12, 9:50 AM
    Question:-

    If a bank / lender sells a debt to a debt collection agency, the debt collection agency cannot and should not place information regarding the account they have bought onto equifax etc as the debt collection agency is not a lender and has not had permission from the debtor to use his / her information?
    Originally posted by Debteraser777
    I think you will find its covered in the T/C of the loan agreement. Where there will be a bit about 3rd parties....

    Of course if these co's do not have the option to pass details to equifax etc... There are going to be a hell of a lot of unpaid debts out there. That have been setteled
  • shocky
    • #7
    • 10th Dec 12, 1:42 PM
    • #7
    • 10th Dec 12, 1:42 PM
    Question:-

    If a bank / lender sells a debt to a debt collection agency, the debt collection agency cannot and should not place information regarding the account they have bought onto equifax etc as the debt collection agency is not a lender and has not had permission from the debtor to use his / her information?
    Originally posted by Debteraser777
    This is a very clever question! I imagine the T&C will have a provision allowing the bank to "assign" the debt to someone else. This allows the bank to give someone else the benefit of the whole contract - including the right to use credit rating agencies.
    • CoolHotCold
    • By CoolHotCold 10th Dec 12, 4:04 PM
    • 2,028 Posts
    • 1,241 Thanks
    CoolHotCold
    • #8
    • 10th Dec 12, 4:04 PM
    • #8
    • 10th Dec 12, 4:04 PM
    This is a very clever question! I imagine the T&C will have a provision allowing the bank to "assign" the debt to someone else. This allows the bank to give someone else the benefit of the whole contract - including the right to use credit rating agencies.
    Originally posted by youngsolicitor

    Bingo, in the T&C you sign that you understand your obligations (but really who reads them) there's always, always, always a part about 3rd party recovery specialists (the heavies) who will attempt to recover the debt on behalf of the lender, or after communications have broken down the bank will recovery as much money as possible through whatever means they have. As there is no law stating the owner of the debt cannot change (as of course you have broken the T&C of the Lender) the lender can sell off the debt to those lovely recovery specialists who can then attach their own (reasonable) fee's as stated by common law.


    Of course not every lender has that 3rd party part, but those lenders that don't usually operate in bar's and know people who know people who are excellent with a baseball bat.



    TL;DR If you don't want Recovery Specialists access to your credit records keep to your promise to payback what you borrowed within the timeframe, you'll get no sympathy from me here.
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