HSBC are closing my account - HELP!!

never-in-doubt

Can some of you guys that are quoting that basic accounts report to the CRA's post screenshots of the actual entries that appear deleting the personal data cos it is unlawful for banks to do anything with CRA's on non scoring accounts and I have raised this with the FOS on numerous occasions and each time they categorically tell me that basic accounts are not credit products and therefore do not get reported for conduct to the CRA's.

I argue that certain banks are apparently doing so and they asked for proof so has anyone got any please?

I am disputing the legality of being allowed to report incorrect data, i.e. a basic account is NOT a bank account and so should not be scored and as no scoring, should not be reported to the CRA's.

Any proof greatly appreciated....

YorkshireBoy

Dizzie77 wrote: »

...if HSBC do close the account, will that affect my (already bad!) credit rating???

Depends how they mark the account on closure, ie Experian's "Your credit report explained" booklet* says an '8' marker can mean "the lender has closed your account" (as well as the usual "default"/"broken the terms of your agreement" meaning).


* http://experian.metafaq.com/resources/experian/Downloads/credit_report_explained_Aug09V4.pdf (See the bottom of page 15)

never-in-doubt

YorkshireBoy wrote: »

Depends how they mark the account on closure, ie Experian's "Your credit report explained" booklet* says an '8' marker can mean "the lender has closed your account" (as well as the usual "default"/"broken the terms of your agreement" meaning).

* http://experian.metafaq.com/resources/experian/Downloads/credit_report_explained_Aug09V4.pdf (See the bottom of page 15)

They can use code 8 with reference to Experian but they won't, it will end up as settled or simply as 'U' (unclassified) but as per my last post, i'd be querying the validity of them reporting in the first place.

Status 8 usually refers to default/forced closure for fraud not necessarily for bouncing 3 DD's (i.e. breach of contract) after all the banks breach contracts daily!

Innocent_Guy

never-in-doubt wrote: »

Can some of you guys that are quoting that basic accounts report to the CRA's post screenshots of the actual entries that appear deleting the personal data cos it is unlawful for banks to do anything with CRA's on non scoring accounts and I have raised this with the FOS on numerous occasions and each time they categorically tell me that basic accounts are not credit products and therefore do not get reported for conduct to the CRA's.

I argue that certain banks are apparently doing so and they asked for proof so has anyone got any please?

I am disputing the legality of being allowed to report incorrect data, i.e. a basic account is NOT a bank account and so should not be scored and as no scoring, should not be reported to the CRA's.

Any proof greatly appreciated....

Is the step account a basic one?

I have heard numerous users saying that these are showing on their CF.

peachyprice

never-in-doubt wrote: »

Can some of you guys that are quoting that basic accounts report to the CRA's post screenshots of the actual entries that appear deleting the personal data cos it is unlawful for banks to do anything with CRA's on non scoring accounts and I have raised this with the FOS on numerous occasions and each time they categorically tell me that basic accounts are not credit products and therefore do not get reported for conduct to the CRA's.

I argue that certain banks are apparently doing so and they asked for proof so has anyone got any please?

I am disputing the legality of being allowed to report incorrect data, i.e. a basic account is NOT a bank account and so should not be scored and as no scoring, should not be reported to the CRA's.

Any proof greatly appreciated....

Don't know how to do a screen shot, but this is the entry for one of my accounts, the other is indentical

Status: Satisfactory

ENTRY NUMBER: C5
Name:xxxxxxxxx
Address:xxxxxxx, xxxxxx, xxx xxx
Date of birth:xx/xx/xx
Company name:CO-OPERATIVE BANK PLC
Account type:Current
AccountStarted:04/04/2008
Overdraft Balance:£0
File Updated for the Period to:02/08/2009
Status history:
[] brackets indicate most recent months status [ ] What's this? Summary of payment history:

PARIS_5000

Dizzie77 wrote: »

Again, thanks for the replies - I have said that it was entirely my fault - I got the DD date wrong.

I have applied for a LLoyds TSB account - so fingers crossed that will open smoothly and I can transfer my banking across to them fairly smoothly.

Did you apply for the classic account or cash account ?

mark_one

Suggestion, get all your DD going out the same day!

I used to be all over the place with my DD but now I have them coming out on the 1st of the month and 15th, that way I only need to remember two dates and the amounts needed to cover my DD

Paul_Herring

mark_one wrote: »

Suggestion, get all your DD going out the same day!

I used to be all over the place with my DD but now I have them coming out on the 1st of the month and 15th, that way I only need to remember two dates and the amounts needed to cover my DD

Or ensure that at the start of (or whatever other date is convenient of) the month you have sufficient funds in that account to pay all DD's for that month, and use a different account for other stuff (shopping, withdrawals etc.)

Dizzie77

mark_one wrote: »

Suggestion, get all your DD going out the same day!

I used to be all over the place with my DD but now I have them coming out on the 1st of the month and 15th, that way I only need to remember two dates and the amounts needed to cover my DD

I have tried this before - but been told that some companies won't change the date.

My major DD's go out on the 1st - but I haven't been able to change the others.

Dizzie77

Paul_Herring wrote: »

Or ensure that at the start of (or whatever other date is convenient of) the month you have sufficient funds in that account to pay all DD's for that month, and use a different account for other stuff (shopping, withdrawals etc.)

thanks for that- I had enough trouble getting one bank account!!