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Credit Report

I recently received a letter from my bank, Lloyds, about a new facility to see my Credit Report which would show
- credit record/score/accuracy
- monitoring to see who is enquiring about me
- fraudulent activity
- give ability to correct errors
etc etc.
Then it says for the privilege of all this it will only be £6.99/month
(after a free 30 days).

My point is if all this info is stored about me by various companies then why on earth should I have to pay to see my own data.

Surely this is just a rip off and this information should be free to any individual who requests it.

What do other people think ?

Comments

  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    It doesn't have to cost £6.99 a month. You can view your file for 30 days for free and then cancel. Alternatively, you can order your statutory report for £2.

    Take a look at Martin's Credit Rating article for more details.
  • JohnFB wrote:
    I recently received a letter from my bank, Lloyds, about a new facility to see my Credit Report which would show
    - credit record/score/accuracy
    - monitoring to see who is enquiring about me
    - fraudulent activity
    - give ability to correct errors
    etc etc.
    Then it says for the privilege of all this it will only be £6.99/month
    (after a free 30 days).

    My point is if all this info is stored about me by various companies then why on earth should I have to pay to see my own data.

    Surely this is just a rip off and this information should be free to any individual who requests it.

    What do other people think ?
    This is a marketing ploy on behalf of Experian ( one of the main 2 credit reference agency’s) and not specific to Lloyds TSB, if your that desperate to see your file a standard statutory report ( containing all the same information) is £2
    :rolleyes: It’s hard enough remembering my opinions - without remembering my reasons for them :rolleyes:
  • Sting_2
    Sting_2 Posts: 149 Forumite
    It doesn't have to cost £6.99 a month. You can view your file for 30 days for free and then cancel. Alternatively, you can order your statutory report for £2.

    Take a look at Martin's Credit Rating article for more details.

    Also if you have a freefivers account you get paid £2 to sign up.

    Intrestingly if you then keep then account open with Experian Credit Expert after the free 30 days it only costs £5.99 a month, £1 cheaper than the Lloyds offer.
  • Careful_ly
    Careful_ly Posts: 622 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    If you sign up online for Identity Protection through BT it costs £3.75 per month for the 1st 12 months to get the online service and some other protection too.
  • Sting_2
    Sting_2 Posts: 149 Forumite
    Just seen on topcashback.co.uk you get £5 for signing up with Credit Expert
  • sloughflint
    sloughflint Posts: 2,345 Forumite
    Sting wrote:
    Just seen on topcashback.co.uk you get £5 for signing up with Credit Expert
    And same with quidco.
    I agree with OP. In principle, it should be free.
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