Credit Reference Agencies - Who Really Uses Who?! UPDATE

debtdestroyer007

HD1 wrote: »

Anyone know if Tesco use Equifax only for credit cards as well as their loans, and has anyone any experience of their credit card service.

tesco credit card - experian
tesco personal loan - equifax

witpig

Hi there

Just to add some info, I have a defaulted current account with alliance and leicester, the default date being Feb 09 and the balance is £500.
It has only been reported to Equifax and Call Credit, there is nothing on Experian.
Also, it is listed as a definite default on Call Credit but on Equifax it is listed as settled, the payments history shows a 3 and then the account was closed; however it does show the delinquent balance of £500. Whilst it isn't reported as a default, and when I bought my credit score from them it said I had no defaults, does the fact I have a delinquent balance basically mean anyone searching my credit file will see it as a default?

(The account was closed by the bank and the amount sent to a collection agency)

cheers

never-in-doubt

witpig wrote: »

Hi there

Just to add some info, I have a defaulted current account with alliance and leicester, the default date being Feb 09 and the balance is £500.
It has only been reported to Equifax and Call Credit, there is nothing on Experian.
Also, it is listed as a definite default on Call Credit but on Equifax it is listed as settled, the payments history shows a 3 and then the account was closed; however it does show the delinquent balance of £500. Whilst it isn't reported as a default, and when I bought my credit score from them it said I had no defaults, does the fact I have a delinquent balance basically mean anyone searching my credit file will see it as a default?

(The account was closed by the bank and the amount sent to a collection agency)

cheers

Whoever searches you will know you have a default (or at least a pending default) - the settled account status you see basically means that the original creditor have settled the account, usually when it has been sold to a DCA - therefore in your case, your credit file clearly shows that A&L have closed or sold the debt. This would prompt a lender to conduct an additional search so if they checked Experian and seen the above; they would automatcially check Equifax as well, and vice versa.

This isn't really the relevant thread for this post, but hopefully that has answered your query anyway,

Layla_CK

Um, not sure where else to put this, but has anyone else noticed that on their Experien report British Gas are now recording credit information?? Bloody disgusting!

System

Layla_CK wrote: »

Um, not sure where else to put this, but has anyone else noticed that on their Experien report British Gas are now recording credit information?? Bloody disgusting!

Hi Layla_CK

Thanks for the info, have added British Gas as a 'reporter'.

Anyone else aware of their utilities supplier credit searching for new accounts or reporting account conduct?

Please let me know.

Regards
UNDERGROUND

lisyloo

Sorry but why is this disgusting if you are operating a credit account?
Did I miss something?
I thought credit reference agnecies were there to report of credit accounts

PNPSUKNET

suppose people have strung utility companys around paying when they like, now the companys are hitting you where it hurts

never-in-doubt

lisyloo wrote: »

Sorry but why is this disgusting if you are operating a credit account?
Did I miss something?
I thought credit reference agnecies were there to report of credit accounts

Because a gas account is not a credit account nor is it a regulated product. Technically speaking, if you wanted to set precedent you could take them to court and have a judge decide if they are actually allowed to report to the CRA's - personally, the simple option is to ditch them and go to a cheaper one - I use E-on which is over £300 per year cheaper for us (my monthly bill is £250 so we are high users)....

CocoPopsLover

never-in-doubt wrote: »

I use E-on which is over £300 per year cheaper for us (my monthly bill is £250 so we are high users)....

I thought I was a high user until I read that, lol

londonuk2008

never-in-doubt wrote: »

Because a gas account is not a credit account nor is it a regulated product. Technically speaking, if you wanted to set precedent you could take them to court and have a judge decide if they are actually allowed to report to the CRA's - personally, the simple option is to ditch them and go to a cheaper one - I use E-on which is over £300 per year cheaper for us (my monthly bill is £250 so we are high users)....

I was quite shocked British Gas are now doing this - always pay my bill so thats not why I had queried them reporting on my account.But, I had to raise a query with Experian as BG had me registered at an address I had not lived at for five years.It's been removed now.

Do any other companies report?