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  • FIRST POST
    • tenchy
    • By tenchy 6th Feb 18, 9:27 AM
    • 241Posts
    • 59Thanks
    tenchy
    Who can do a hard search? Just about anyone?
    • #1
    • 6th Feb 18, 9:27 AM
    Who can do a hard search? Just about anyone? 6th Feb 18 at 9:27 AM
    The last part of the discussion in this thread from the credit card board should give cause for concern:


    http://forums.moneysavingexpert.com/showthread.php?t=5788462


    It would appear that the ability to carry out hard searches against an individual is much less restricted than I thought it was.


    Maybe the Experian rep can explain just what's going on here?
Page 1
    • camelot1971
    • By camelot1971 6th Feb 18, 10:01 AM
    • 631 Posts
    • 991 Thanks
    camelot1971
    • #2
    • 6th Feb 18, 10:01 AM
    • #2
    • 6th Feb 18, 10:01 AM
    A company who will be providing you credit can check information held by a credit reference agency - what is wrong with that?

    Companies can't just do random checks on people without their consent and with revised data protection laws coming soon it will become even more explicit what those companies do with your information.
    • tenchy
    • By tenchy 6th Feb 18, 10:09 AM
    • 241 Posts
    • 59 Thanks
    tenchy
    • #3
    • 6th Feb 18, 10:09 AM
    • #3
    • 6th Feb 18, 10:09 AM
    A company who will be providing you credit can check information held by a credit reference agency - what is wrong with that?

    Companies can't just do random checks on people without their consent and with revised data protection laws coming soon it will become even more explicit what those companies do with your information.
    Originally posted by camelot1971

    You need to read the linked thread for details about the point I'm making.
    • Shakin Steve
    • By Shakin Steve 6th Feb 18, 10:48 AM
    • 1,322 Posts
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    Shakin Steve
    • #4
    • 6th Feb 18, 10:48 AM
    • #4
    • 6th Feb 18, 10:48 AM
    I am not surprised by this at all. CRAs are in it for the money, the same as any other company. They make money from people who pay to see their own credit report, money from companies doing searches and, more recently, by acting as credit brokers when people take up their free credit score offer. Of course the companies who search have to be registered and, no doubt, go through some sort of vetting process but, in the end, the more companies that register to search, the more money the CRA makes.
    There is a similar relationship between DVLA and private parking companies. I think I remember reading that it costs them a measly £2.50 to find the registered owner and address of any vehicle.
    I came into this world with nothing and I've got most of it left.
    • Gary_Dexter
    • By Gary_Dexter 6th Feb 18, 11:10 AM
    • 558 Posts
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    Gary_Dexter
    • #5
    • 6th Feb 18, 11:10 AM
    • #5
    • 6th Feb 18, 11:10 AM
    I think you're looking a bit too much into this.

    Businesses have access to and the rights to do it - not normal everyday people
    • tenchy
    • By tenchy 6th Feb 18, 11:14 AM
    • 241 Posts
    • 59 Thanks
    tenchy
    • #6
    • 6th Feb 18, 11:14 AM
    • #6
    • 6th Feb 18, 11:14 AM
    I think you're looking a bit too much into this.

    Businesses have access to and the rights to do it - not normal everyday people
    Originally posted by Gary_Dexter

    Well, credit-providing businesses, I would say. And it was my understanding that to qualify for carrying out credit searches a company had to provide regular account data to the credit files. This seems no longer to be the case and it's more of an open book.
    • x-caitlin-x
    • By x-caitlin-x 6th Feb 18, 1:04 PM
    • 246 Posts
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    x-caitlin-x
    • #7
    • 6th Feb 18, 1:04 PM
    • #7
    • 6th Feb 18, 1:04 PM
    Well, credit-providing businesses, I would say. And it was my understanding that to qualify for carrying out credit searches a company had to provide regular account data to the credit files. This seems no longer to be the case and it's more of an open book.
    Originally posted by tenchy
    But the poster on the other thread does provide credit. His business sells products to people, and they don't have to pay for those products for a certain period of time. That's selling products to people on credit. This is very common, and businesses across the country credit check people before they sell to them on credit. Providing credit doesn't just mean lending money.

    The business still needs the consent of the person whose credit file they're checking, and if they did a search without permission, they'd presumably be in trouble.
    • tenchy
    • By tenchy 6th Feb 18, 3:23 PM
    • 241 Posts
    • 59 Thanks
    tenchy
    • #8
    • 6th Feb 18, 3:23 PM
    • #8
    • 6th Feb 18, 3:23 PM
    Okay, let me get this right then. Any business that subscribes to - say - Experian can carry out a hard credit check against any individual "with their permission" and that business doesn't have to contribute rolling account data to Experian?


    I thought access to credit reports was limited to those organisations that provide account updates to the credit reference agencies. Hence why your average letting agent can't do a full credit check on potential clients, for example. Have the rules changed recently?
    • bazzyb
    • By bazzyb 6th Feb 18, 3:27 PM
    • 1,103 Posts
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    bazzyb
    • #9
    • 6th Feb 18, 3:27 PM
    • #9
    • 6th Feb 18, 3:27 PM
    Okay, let me get this right then. Any business that subscribes to - say - Experian can carry out a hard credit check against any individual "with their permission" and that business doesn't have to contribute rolling account data to Experian?
    Originally posted by tenchy

    No. Only businesses who provide credit.

    I thought access to credit reports was limited to those organisations that provide account updates to the credit reference agencies. Hence why your average letting agent can't do a full credit check on potential clients, for example. Have the rules changed recently?
    Originally posted by tenchy
    Rules haven't changed. Letting agents don't provide credit.
    • tenchy
    • By tenchy 6th Feb 18, 3:29 PM
    • 241 Posts
    • 59 Thanks
    tenchy
    No. Only businesses who provide credit.



    Rules haven't changed. Letting agents don't provide credit.
    Originally posted by bazzyb

    Yes, I meant that. But do they not have to provide credit account data to the bureau? I thought they did.
    • bazzyb
    • By bazzyb 6th Feb 18, 3:35 PM
    • 1,103 Posts
    • 3,228 Thanks
    bazzyb
    Yes, I meant that. But do they not have to provide credit account data to the bureau? I thought they did.
    Originally posted by tenchy
    Not sure how many answers to the same question you would like, but refer back to posts 2, 4, 7 and 9. They need to be a business that provides credit to a customer to do a hard search. If they are an intermediary such as a broker, they can only do a soft search. There is no requirement to provide account data back to the bureau in return.
    • tenchy
    • By tenchy 6th Feb 18, 3:41 PM
    • 241 Posts
    • 59 Thanks
    tenchy
    Not sure how many answers to the same question you would like, but refer back to posts 2, 4, 7 and 9. They need to be a business that provides credit to a customer to do a hard search. If they are an intermediary such as a broker, they can only do a soft search. There is no requirement to provide account data back to the bureau in return.
    Originally posted by bazzyb

    Yes there is:


    http://www.experian.co.uk/consumer/faq/R1.html


    See point three, second line of answer. I just found it. So unless this is out of date, I don't understand how ChattyChappy (OP of original thread) manages to hard search people if he doesn't also update the bureau with their account handling data.


    Maybe Experian could come along and clarify ......
    • Gary_Dexter
    • By Gary_Dexter 6th Feb 18, 4:05 PM
    • 558 Posts
    • 322 Thanks
    Gary_Dexter
    I still think you're reading too much into this.

    Are you particularly worried about something from your side, personally?
    • tenchy
    • By tenchy 7th Feb 18, 1:59 PM
    • 241 Posts
    • 59 Thanks
    tenchy
    I still think you're reading too much into this.

    Are you particularly worried about something from your side, personally?
    Originally posted by Gary_Dexter

    No, nothing from me. I don't have any credit-related issues. I'm just interested in how the system works. It's difficult, if not impossible, to find out at times, the current issue being symptomatic of the problem - conflicting information, opinions rather than facts.


    Going back to the "who can do a hard search" question, it seems a much larger set of people/organisations can do this and the business of requiring permission to do a search is a classic example of smoke and mirrors.
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