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    • treliac
    • By treliac 20th Apr 17, 10:07 AM
    • 4,319Posts
    • 13,944Thanks
    treliac
    Bank account missing
    • #1
    • 20th Apr 17, 10:07 AM
    Bank account missing 20th Apr 17 at 10:07 AM
    My credit score information does not take into consideration my current bank account, into which my regular income goes. Despite this my score seems ok though I don't know how, nor how it would appear that I am able to pay my bills since I do not appear to have any income to pay them with!

    When I enquired why my current account, and therefore my income, is not included in my credit reports, I was informed that credit agencies cannot access information on accounts that have been opened earlier than five or six years ago. There is apparently nothing that can be done about this.

    So my question is why can't credit agencies access information on accounts I have notified them of as otherwise credit reports are not based on accurate information which could make them pretty pointless?
Page 1
    • zx81
    • By zx81 20th Apr 17, 10:26 AM
    • 13,186 Posts
    • 13,499 Thanks
    zx81
    • #2
    • 20th Apr 17, 10:26 AM
    • #2
    • 20th Apr 17, 10:26 AM
    • Not all accounts get reported.
    • Not all accounts have your permission to report.
    • A current account will have minimal impact on establishing your credit worthiness.
    • Income is not reported.
    • Your credit score is meaningless.
    • Marcon
    • By Marcon 20th Apr 17, 10:53 AM
    • 151 Posts
    • 80 Thanks
    Marcon
    • #3
    • 20th Apr 17, 10:53 AM
    • #3
    • 20th Apr 17, 10:53 AM
    If you're that bothered, close your current account and open another one (although doing so may impact on your credit rating!).
    • stclair
    • By stclair 20th Apr 17, 10:58 AM
    • 6,372 Posts
    • 3,390 Thanks
    stclair
    • #4
    • 20th Apr 17, 10:58 AM
    • #4
    • 20th Apr 17, 10:58 AM
    Which bank? and when was the account opened?
    I Work For the RBS Group
    However Any Opinion Given On MSE Is Strictly My Own
    • treliac
    • By treliac 20th Apr 17, 11:30 AM
    • 4,319 Posts
    • 13,944 Thanks
    treliac
    • #5
    • 20th Apr 17, 11:30 AM
    • #5
    • 20th Apr 17, 11:30 AM
    Thanks all. If it's irrelevant I shall not bother. I thought that potential lenders would want evidence of income, financial stability and ability to pay that would be evidenced from management of a person's current bank account. If that's not the case fair enough.
    • treliac
    • By treliac 20th Apr 17, 11:33 AM
    • 4,319 Posts
    • 13,944 Thanks
    treliac
    • #6
    • 20th Apr 17, 11:33 AM
    • #6
    • 20th Apr 17, 11:33 AM
    Which bank? and when was the account opened?
    Originally posted by stclair




    A high street bank and opened c. 30 years ago.
    • DCFC79
    • By DCFC79 20th Apr 17, 11:38 AM
    • 29,965 Posts
    • 18,976 Thanks
    DCFC79
    • #7
    • 20th Apr 17, 11:38 AM
    • #7
    • 20th Apr 17, 11:38 AM
    Thanks all. If it's irrelevant I shall not bother. I thought that potential lenders would want evidence of income, financial stability and ability to pay that would be evidenced from management of a person's current bank account. If that's not the case fair enough.
    Originally posted by treliac
    Lenders get the income from what you put on the application and from bank statements if they are requested.

    If you have green ticks or good marks for mobile, utilities, other contracts then it shows your good at money management.
    Can people stop loaning money/being a guarator to family/friends, it rarely ends well and you lose out as your money is gone or you get shafted with being a guarantor.
    • bengal-stripe
    • By bengal-stripe 20th Apr 17, 12:31 PM
    • 3,139 Posts
    • 2,018 Thanks
    bengal-stripe
    • #8
    • 20th Apr 17, 12:31 PM
    • #8
    • 20th Apr 17, 12:31 PM
    I thought that potential lenders would want evidence of income, financial stability and ability to pay that would be evidenced from management of a person's current bank account.
    Originally posted by treliac
    Any current account (that gets reported) and is not overdrawn will only be reported as 'Balance 0', which means the account is in credit.

    But nobody will see, whether the account is in credit with 50p or 50k.
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