Sub Prime Credit Thread Part III

ElkyElky

CHANGEyourMP wrote: »

I simply wish to correct certain information that is posted which I know to be false, in the same way as a spelling mistake form someone who is dyslexic is also corrected!:rotfl::rotfl::rotfl::rotfl:

How can you claim the information is false when it came directly from the horses mouth? I think HSBC themselves know more about their own procedures than anyone on this forum. Take a look at the screen shot NID posted.

CHANGEyourMP

ElkyElky wrote: »

How can you claim the information is false when it came directly from the horses mouth? I think HSBC themselves know more about their own procedures than anyone on this forum. Take a look at the screen shot NID posted.

I have worked for HSBC, the screen shot refers to accounts closed after good conduct.

CHANGEyourMP

blue35 wrote: »

just wondering , back in 2002 , I had a first direct account - long story short I ended up owing them and it was sold to Cabot - I think anyway as I paid them.

Would this mean I am blacklisted still within 'HSBC' group?Obviously I am sorted these days , nothing showing on my CRA files .Just wondered if I applied for a account with them or a M+S credit card it would go against me.

If what I have said is wrong and what others have posted is correct then you will be accepted(subject to status). But if I'm correct, then even if you had a credit score of 999, with no credit searches in the last 6 month's then you would be declined??????????????

never-in-doubt

CHANGEyourMP wrote: »

I have worked for HSBC, the screen shot refers to accounts closed after good conduct.

Well I don't care if you've worked for them or not, after 6 years the data will be removed. The CCA1974 & DPA1998 clearly protect us against such action - need I remind you that when there is no contract there is no legal parameter to share data? Therefore yes, HSBC in the main *may* retain my data internally but it cannot and will not be used for any processing nor can it be used to help or hinder any application - so they would simply not retain it, why would they when there's nothing they could do with it?

You miss the legalities of the actual problem - try thinking outside the box and in context to my point then you'll see that its a fruitless exercise thus wouldn't happen - simple as.

CHANGEyourMP wrote: »

If what I have said is wrong and what others have posted is correct then you will be accepted(subject to status). But if I'm correct, then even if you had a credit score of 999, with no credit searches in the last 6 month's then you would be declined??????????????

Says it all - a credit *score* of 999 means nothing and never has done and HSBC for one do not score in that context! You really don't have a clue!

They would not be declined at all, if this was the case report HSBC to the ombudsman quoting the First and Fourth Principles of the DPA(1998).

never-in-doubt

ElkyElky wrote: »

How can you claim the information is false when it came directly from the horses mouth? I think HSBC themselves know more about their own procedures than anyone on this forum. Take a look at the screen shot NID posted.

coupled with N-i-D's knowledge on DPA and the CRA's...... me thinks clutching at straws may be the answer here..... :rotfl:

londonuk2008

Funny that mentioning Mr P's name and up he pops!Good to see you mate!

never-in-doubt

londonuk2008 wrote: »

Funny that mentioning Mr P's name and up he pops!Good to see you mate!

LOL, I PM'd him and we were both here at the same time so it looked like he just magically appeared lol :beer:

CHANGEyourMP

never-in-doubt wrote: »

Well I don't care if you've worked for them or not, after 6 years the data will be removed. The CCA1974 & DPA1998 clearly protect us against such action - need I remind you that when there is no contract there is no legal parameter to share data?

who ever mentioned sharing of data? not me, I agree the data would not be shared, but the poster was asking if he applied to at bank at which he/she had had previous problems.

Therefore yes, HSBC in the main *may* retain my data internally but it cannot and will not be used for any processing nor can it be used to help or hinder any application - so they would simply not retain it, why would they when there's nothing they could do with it?

The data is retained and will be used if you apply at a bank where you have had previous problems.

You miss the legalities of the actual problem - try thinking outside the box and in context to my point then you'll see that its a fruitless exercise thus wouldn't happen - simple as.

I do not doubt that you trust what you are posting to be true, but like I have stated in a previous post, if he/she applys and is declined even if he/she has a good credit rating then my post would be proved.

Says it all - a credit *score* of 999 means nothing and never has done and HSBC for one do not score in that context! You really don't have a clue!

HSBC do not score in the above context if you are an existing customer, the poster stated that they had not been a customer since 2002, therefore it would be a fresh application with no behavior score attached and so would use the CRA's score as part of the application, then using details such as name, d.o.b, etc to check internal archive's.

I was only using the above credit score as an example but I do query your understanding of a CRA score, as I have read on this forum many times, that you and others believe that it means nothing, but it does mean something as it is a guide to your credit rating and yes other factors do affect a decision but it still is a good guide.

They would not be declined at all, if this was the case report HSBC to the ombudsman quoting the First and Fourth Principles of the DPA(1998).

Hang on, first you say they would not be declined, then you say what to do if they do get declined, I have not stated that there is no appeal process that they could follow, merely that I understand that they would get declined on application.:A

fairmorn308

morning troops hows everyone

Joeler

17 days till my fourth Capital One statement... I have kept to my end of the bargain, will they by giving me an increase!?

Exciting times!