Credit Reference Agencies - Who Really Uses Who?! UPDATE

never-in-doubt

sutton111 wrote: »

Yes it does. I knew Barclays were.

Is it done at the time of application then?

How did HSBC pass you when RBS had that on there?

I went for HSBC prior to Natwest adding me (phew) or it would have been a straight decline! It is done when you apply, and the rules are built into the subscriber (lender) portal so say when you click submit on a Natwest account; the data is sent via N Hunter systems which check for consistencies and send a response with match/fail/query kind of replies. If it matches and is genuine then the report is passed as fine (takes a millsecond to decifer mate) - if it fails the lender will auto transfer to a refer status and if it is evidently fraud, then it would decline.

It is built into and shared with the lenders existing software packages mate.

For example, on one of mine, Barclays - they had input C Musprat where my work address should have been, as a result Barclays refused me. Upon querying this with Hunter, it was removed and Barclays confirmed C Musprat was the staff member in underwriting who rejected me.

That major flaw was enough to trigger a rule and force a rejection, even though no fault of my own. But it was not derogatory,

As for time scales - bad data (applicant refer) stays for 6yrs, other data is 1yr (similar to a CRA search then)....

debtdestroyer007

just applied for a smile current and credit card... got accepted straightaway.
smile current account - OD limit - 500. Credit card - 2500 limit.
they checked experian. :j
they did say in secure message that they just needed to do some final checks but that this was normal for all applications.

i guess ill wait and see.

sutton111

debtdestroyer007 wrote: »

just applied for a smile current and credit card... got accepted straightaway.
smile current account - OD limit - 500. Credit card - 2500 limit.
they checked experian. :j
they did say in secure message that they just needed to do some final checks but that this was normal for all applications.

i guess ill wait and see.

Congratulations!! That's fantastic!

Do you have any adverse?

sutton111

Why they say final checks what are they?

debtdestroyer007

sutton111 wrote: »

Congratulations!! That's fantastic!

Do you have any adverse?

no adverse mate but everything opened in the last 18months but paying on time. i had a smart saver account with the coop, i guess that helped with the e verification.

the checks i am not too sure aboit, i guess they want to check my coop smart account details just to identify me as an exisitng customer of the bank.

ill ring them up tomorrow morning to find out whats going on. they should nt ask me for more ID though as i am with the Coop Bank already with a savings facility with them.

debtdestroyer007

sutton111 wrote: »

Why they say final checks what are they?

ill hopefully post them tomorrow for you guys at MSE

debtdestroyer007

i am thinking about applying for the next account, after all these succesful applications you guys have made, but on their website all there is a space for name and address ..... thats it.
it doesnt ask for employer info etc. its says they will charge £3.75 but at a later stage.

is this all there is to their application??

THE FIELDS MARKED WITH A * BELOW ARE REQUIRED. Personal details *Title : Please Select... Miss Mrs Ms Mr Reverend Dr
*First Name :
*Surname :
*Date Of Birth :

Delivery Address * Postcode :
but I don't know the postcode?

Contact Telephone Numbers *Telephone Number :

Terms and conditions *I have read and agree to the NEXT Terms and Conditions.

• ACCEPT

A £3.75 charge for the NEXT Directory will be invoiced at a later date. For information on the Directory Account, including how we use your information, please view the NEXT Terms and Conditions.
Next Directory is a trading name of Next Retail Limited and a member of Next Group plc. We may contact you for marketing purposes by mail telephone or email with relevant offers from the following Next Group Companies: Next Retail Limited and Lipsy Limited. Next Group plc will not share your information with companies outside of the group for marketing purposes. Please refer to our Security & Privacy Policy for further details.

Innocent_Guy

debtdestroyer007 wrote: »

i am thinking about applying for the next account, after all these succesful applications you guys have made, but on their website all there is a space for name and address ..... thats it.
it doesnt ask for employer info etc. its says they will charge £3.75 but at a later stage.

is this all there is to their application??

THE FIELDS MARKED WITH A * BELOW ARE REQUIRED. Personal details *Title : Please Select... Miss Mrs Ms Mr Reverend Dr
*First Name :
*Surname :
*Date Of Birth :

Delivery Address * Postcode :
but I don't know the postcode?

Contact Telephone Numbers *Telephone Number :

Terms and conditions *I have read and agree to the NEXT Terms and Conditions.

• ACCEPT

A £3.75 charge for the NEXT Directory will be invoiced at a later date. For information on the Directory Account, including how we use your information, please view the NEXT Terms and Conditions.
Next Directory is a trading name of Next Retail Limited and a member of Next Group plc. We may contact you for marketing purposes by mail telephone or email with relevant offers from the following Next Group Companies: Next Retail Limited and Lipsy Limited. Next Group plc will not share your information with companies outside of the group for marketing purposes. Please refer to our Security & Privacy Policy for further details.

Yup that is the application page mate, the T&C's mention credit account blah blah

debtdestroyer007

do they give an instant decision?

Innocent_Guy

debtdestroyer007 wrote: »

do they give an instant decision?

Yes, you put in your details and they take a £3 security payment and then account open. BEAWARE they do not give you your customer number then an there so make sure everything you are going to order is in the checkout or basket. You can however order over the phone whilst you are awaiting your customer number.