The Sub Prime Credit Thread - Part IV

never-in-doubt

izools wrote: »

But it's a good point, just because a company has an interest in another is no reason to assume they will use that company for their services when a competitor offers a better one!

Can be odd, OH's Barclays A/C application involved a EQ and EX search, mine just EX. If Cap1 only used EQ I'd be laughing as I have no adverse on there, but a mountain of adverse on EX

You don't understand the credit industry very well then? If a lender subscribes to a particular CRA then trust me, I guarantee you they use them for 90% of their applications otherwise they would not pay the £millions in tender ownership of the contract would they?

Crappy1 recently started to use CallCredit as well, but primarily they use Equifax although as confirmed by cash-flow they are now using Experian as a secondary search to the Equifax one - maybe this is to cover their exposure to higher risk applicants? Who knows>....

Then go to Sygma as these only search Equifax. So you'd be laughing then, surely?

Zack1

wizzywig27 wrote: »

I have an interest free overdraft

Haha so have I, it still messes with your credit score though!! That why I haven't used it since I realised, and I've left it at £500 rather than getting it bumped up. Because it's not a credit limit the limit won't show on my report, so there's no point me getting it moved up to show I can cope with a higher limit

Overdrafts are repayable on demand - all of it. Whether you've taken out £10 or £1,000 the bank can ask for it back next week if they feel like it. They aren't likely to, unless you are obviously abusing the account, but they can. New lenders then think about the impact on you if it was withdraw. For example they have no idea that my £498.50 was in savings, so they have to assume I've spent it. If I really had spent it and Natwest demanded it back (based on the information available) I wouldn't have been able to pay them. In reality of course I would have been able to, and that's where an appeal could help, but I want instant accepts (better stop applying at 2am too!) rather than having to appeal everything!

Credit cards are fine because you only have to pay 3%/5%/£5 depending on the card/your balance, they can't just demand full payment. So I'd say that having a 5k balance on a 0% CC is a lot less damaging than having 1k of my interest free overdraft. Problem is nowhere will give me a 5k limit or a 0% card! :rotfl::mad:

wizzywig27

NID:

never-in-doubt wrote: »

Mate, that is the monthly subscription - you should ring and cancel toward the end of the month - don't forget!

In future send a £2 cheque!

Yeah I know mate, just wanted to see them there and then, glad I did though, I shall cancel them twoards end of Jan

never-in-doubt wrote: »

Is it an account relating to you or someone else? Has it been dragged over from previous address or is it someone totally different?

If it is yours then so be it. If not, contact Experian using the reference of your report (email them) and query it as not being yours and they will remove it. Then you download a new report and it will be gone.

Well weird thing is, just looking and it is Cabot Financial – and the date of birth is 1985, I was born in 80, so I shall message you about this...

never-in-doubt wrote: »

Doesn't look good mate

No and the defaults total £1600 roughly – just have to wait for them to drop off I guess

never-in-doubt wrote: »

Well, none that you can see - there could still be one but the Registry Trust would confirm this for you.

Can I just ask then, if CCJ’s maye not show, then why get a report, and surely the lender can only see what I see here in front of me on this report?

never-in-doubt wrote: »

That is acceptable - the defaults will stop you getting new accounts though.

I didnt think 9 was a major amount

never-in-doubt wrote: »

GAIN would only apply if you'd done a runner from your previous address without telling the lenders you moved and CIFAS can only be confirmed if you SAR them directly, not all CIFAS entries appear on your report, I have 3 and none appear on my report(s) - as they are fraud related.

Again, same as the CCJ comment, why get the report if it is does not give all info, and then surely the lender can only see whats on this report?

never-in-doubt wrote: »

What does your Equifax and CallCredit file say?

Not got call credit, experiab han 70 linked addresses, and equifax has none, experian has a linked associate (my ex) equifax has none!

never-in-doubt

Anyone can get a credit report INCLUDING the fraudster! It is harder to SAR 2 external agencies and a CRA. Part of any lenders credit process is an automated scan of the Public registrar (i.e. Registry Trust) to check for CCJ's/BR's etc. They also sweep CIFAS (only the subscribed lenders - i.e. 99% now) and finally they scan N Hunter ONLY if they search Experian as N Hunter is an Experian Data Analytics company.

Hope that answers it.

Zack1

never-in-doubt wrote: »

Anyone can get a credit report INCLUDING the fraudster! It is harder to SAR 2 external agencies and a CRA. Part of any lenders credit process is an automated scan of the Public registrar (i.e. Registry Trust) to check for CCJ's/BR's etc. They also sweep CIFAS (only the subscribed lenders - i.e. 99% now) and finally they scan N Hunter ONLY if they search Experian as N Hunter is an Experian Data Analytics company.

Hope that answers it.

Thats interesting... Why is it being shown then!? If CIFAS was against my name, and a section on the report, I'd expect it to be shown!

If you are declined because of CIFAS/N Hunter they are supposed to tell you aren't they? Otherwise you'd never know!

wizzywig27

never-in-doubt wrote: »

Anyone can get a credit report INCLUDING the fraudster! It is harder to SAR 2 external agencies and a CRA. Part of any lenders credit process is an automated scan of the Public registrar (i.e. Registry Trust) to check for CCJ's/BR's etc. They also sweep CIFAS (only the subscribed lenders - i.e. 99% now) and finally they scan N Hunter ONLY if they search Experian as N Hunter is an Experian Data Analytics company.

Hope that answers it.

But my point is, how do I know if I have CIFAS or CCJ if they are not on my credit file?

I thought the whole point in obtaining your credit fie was for this purpose?

never-in-doubt

Zack1 wrote: »

Thats interesting... Why is it being shown then!? If CIFAS was against my name, and a section on the report, I'd expect it to be shown!

If you are declined because of CIFAS/N Hunter they are supposed to tell you aren't they? Otherwise you'd never know!

Noooooooo


I have explained this 100's of times before! The CIFAS & N Hunter data is owned by them - not the CRA's and they chose not to share it, simple!

Kinda like asking barclays to start reporting data to CallCredit - why should they? If they don't want to?

Make sense - now?

p.s. CIFAS does report some things to the CRA's, such as Fraud Prevention marker, i.e. Protective Registration. But generally for fraud categories, they will not report them as the fraudster can then see what data is held about 'them' with the CRA's. This defeats the purpose of CIFAS.

never-in-doubt

wizzywig27 wrote: »

But my point is, how do I know if I have CIFAS or CCJ if they are not on my credit file?

I thought the whole point in obtaining your credit fie was for this purpose?

CCJ - Registry Trust
CIFAS - CIFAS Website
N Hunter - Website

Go to each site and send £10 and SAR them!

They own the data - the CRA's do not.

wizzywig27

never-in-doubt wrote: »

CCJ - Registry Trust
CIFAS - CIFAS Website
N Hunter - Website

Go to each site and send £10 and SAR them!

They own the data - the CRA's do not.

So let me let me get this right, when you make an application for credit, they search experian/equifax or both, and they also search CIFAS, N hunter and Registry Trust?

So there are times when they share this data, for example when it shows on your credit file, and presumably there are times when they dont?

What are the reasons they might not?

savagej

Was there not an article I think in the Guardian by the woman who runs N Hunter, who said plans were afoot to direct customers towards them if an application if turned down as a result of a data mismatch.

I remember reading something.