Credit Reference Agencies - Who Really Uses Who?! UPDATE

stclair

catherine238 wrote: »

Was hoping to apply for mortgage soon was just wondering does anyone know what credit reference agency ulster banks under writers use??

any help will be grateful

cathy

Experian & Equifax

System

Hi all

Have recently opened a few accounts, this is who they searched:

First Direct Current Account: EX only
Next Directory: EQ only
Santander Credit Card: EX only (ID Check only with EQ)

I also have a Tesco loan taken out late last year and so far it only reports on my EQ file.

Please do keep any updates coming, even if it just confirms what's already in post #1.

Regards
UNDERGROUND

usedandabused

UNDERGROUND wrote: »

Hi all

Have recently opened a few accounts, this is who they searched:

First Direct Current Account: EX only
Next Directory: EQ only
Santander Credit Card: EX only (ID Check only with EQ)

I also have a Tesco loan taken out late last year and so far it only reports on my EQ file.

Please do keep any updates coming, even if it just confirms what's already in post #1.

Regards
UNDERGROUND

if you have a tesco's loan, that means your credit rating must be flawless

never-in-doubt

usedandabused wrote: »

if you have a tesco's loan, that means your credit rating must be flawless

Not at all - Tesco (RBS) loans are quite easy to get if you have a good file - not excellent, but just good.

They are not strict, far from it!

usedandabused

never-in-doubt wrote: »

Not at all - Tesco (RBS) loans are quite easy to get if you have a good file - not excellent, but just good.

They are not strict, far from it!

so if i have a default 2 plus years, do i stand a chance?

best not to rock the unstable financial boat though :eek:

sscott5581

Tesco loans report to all three CRA's

never-in-doubt

usedandabused wrote: »

so if i have a default 2 plus years, do i stand a chance?

best not to rock the unstable financial boat though :eek:

Mate Tesco search 3 years and if everything is ok then you'll get accepted.... however if you have any adverse they then check the whole 6 years so do not apply until the default is at least 3 years old or it will be an instant decline for credit score fail.

:D

System

Found this on the O2 website:

Credit Assessment Information
Which credit reference agencies records does O2 search?

Generally, the agency we use will be dependent on whether you are connecting to a consumer or business tariff. For consumer tariffs, O2 uses a company called Equifax and for business tariffs O2 uses a company called Experian. If you wish to know which company we have used in respect of your application for service, please contact us.

UNDERGROUND

stephane_2

I have noticed that when I did application process for a Barclays current account they actually checked my Equifax credit file. Within the application at the end of it, it ask me to confirm certain aspect of my accounts (limits, balance etc...) compare to records they have on my Equifax credit report.

usedandabused

never-in-doubt wrote: »

Mate Tesco search 3 years and if everything is ok then you'll get accepted.... however if you have any adverse they then check the whole 6 years so do not apply until the default is at least 3 years old or it will be an instant decline for credit score fail.

:D

cheers matey, i'll hold off for a while then