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Credit File - why is so much missing?
littleangel
Posts: 67 Forumite
in Credit cards
Following some lovely person's advice on this site (thank you!), I took Experian up on their kind offer of a credit report 30 day free trial, and found to my surprise, that very little information was actually recorded there. I've currently got 3 credit cards - only 1 was noted. And of the 3 that I've had in the past and settled, again, only 1 was listed. Nothing about a previous store card, 2 previous card applications, a mortgage and a couple of loans...
Why is so much information missing? How can banks etc make a decision on partial information? Is the fact that so much is missing a good thing or a bad thing?
I'm confused!
Why is so much information missing? How can banks etc make a decision on partial information? Is the fact that so much is missing a good thing or a bad thing?
I'm confused!
0
Comments
-
Aha! That could well explain it I guess...
Does that mean that when you apply for a new card or whatever, the bank checks both institutions' records?0 -
Some do; some check only one. Some may not check at all if you've been with them for a long time and have a good record but I imagine that's rare.0
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