Credit Report

JohnFB

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 ?

YorkshireBoy

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.

file_wizzard

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

Sting_2

YorkshireBoy wrote:

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

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

Just seen on topcashback.co.uk you get £5 for signing up with Credit Expert

sloughflint

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.