Credit Reference Agencies - Who Really Uses Who?! UPDATE

naijapower

UNDERGROUND wrote: »

Hi

They all use Experian, and some follow up with an Equifax - none of them just use Equifax alone I'm afraid.

Regards
UNDERGROUND

Out of interest, why is Experian more or most popular. Seems most use Experian. Any particular reason? Are they cheaper or more efficient

naijapower

Yes, i am quite curious to know why experian is so popular.
What is special about them.
Afterall CAIS are identical in most if not all cases for both equifax and experian. Hence a credit check on either agency would show identical info, so why the preference for Experian

System

naijapower wrote: »

Yes, i am quite curious to know why experian is so popular.
What is special about them.
Afterall CAIS are identical in most if not all cases for both equifax and experian. Hence a credit check on either agency would show identical info, so why the preference for Experian

To be honest I really have no idea!

All I can guess is that Experian just grew quicker and has the X factor over Equifax that financial companies like.

My credit report with EX and EQ are nearly the same, but there are some accounts that appear on EX but not EQ and vice versa.

UNDERGROUND

System

Another appeal for info to fill in a few gaps.....

If anyone knows who the following companies report to, please let me know:

- Bank of Ireland
- National Australia Bank Group cards
- BT
- Zopa Loans
- Barclaycard Masterloan
- Ikano Financial Services
- Argos Store Card

Regards
UNDERGROUND

bigbum_2

UNDERGROUND wrote: »

Another appeal for info to fill in a few gaps.....

If anyone knows who the following companies report to, please let me know:

- Bank of Ireland
- National Australia Bank Group cards
- BT
- Zopa Loans
- Barclaycard Masterloan
- Ikano Financial Services
- Argos Store Card

Regards
UNDERGROUND

Hi, Underground.

I've recently checked both my Equifax and Experian reports. For the Zopa Loan check, no trace was left on Equifax as only a credit search quotation was carried out (which i failed by the way :rolleyes:). There was no search done on the Experian file.

Regarding, the Argos Store Card, it appears that only the Experian file was checked. (I also failed that application too if your interested )

Not sure if it helps, i'm just a newbie trying to make sense of it all myself.

Hope your having a good day.

System

Thanks bigbum and welcome to MSE

Interesting to hear that Zopa do quotation searches, that's great if you're not sure whether you'll pass scoring but do not want to add a search to your file. Thanks for confirming they just search Equifax.

I'm sure you'll find the forum very useful, any questions just ask, someone's bound to know!

Regards
UNDERGROUND

never-in-doubt

UNDERGROUND wrote: »

Another appeal for info to fill in a few gaps.....

If anyone knows who the following companies report to, please let me know:

- Bank of Ireland
- National Australia Bank Group cards
- BT
- Zopa Loans
- Barclaycard Masterloan
- Ikano Financial Services
- Argos Store Card

Regards
UNDERGROUND

Report as follows:

- Bank of Ireland - Report to EX/EQ (BOI & Post Office)
- National Australia Bank Group cards - Report to EX/EQ (yorkshire bank)
- BT - Report to EX/EQ
- Zopa Loans
- Barclaycard Masterloan
- Ikano Financial Services - Report to EX/EQ (Ikea Card)
- Argos Store Card - Report to EQ

Innocent_Guy

By the way Bank Of Ireland search Equifax for me

never-in-doubt

Innocent_Guy wrote: »

By the way Bank Of Ireland search Equifax for me

mate my post was reporting, that is what Underground asked I think.... who they report conduct to.... :beer:

BOI only searched Equifax for me but they report to both. Experian seems to be faster though.

My daughter uses yorkshire bank and she says they update both equifax and experian, she also has the ikea card and says likewise. My Mrs has the BT card and Argos Home Shopping card with the silly dolphin on it - ugly looking thing!

naijapower

Does any know what credit agency Tesco uses for loan applications. Pls note i mean loan not credit card etc.
Been told they use Equifax only. Need some input from people with experience with Tesco loans