The Sub Prime Credit Thread - Part IV

cifpower

Rang BoC and was told the application was being looked at today

izools

Do you have any adverse, cif? Do let us know how it goes with BoC (obviously...)

cifpower

I have two deafults. One dated 2007 and one 2009

wizzywig27

Holy moly, I rang up Experian yesterday to cancel my 30 days, and he told me that what I see, is not what the lenders see, as I didnt have all of my address history on there - I do, 5 years in england, and before that I lived in Spain for a year, anyway he updated it, and it all makes a little more sense now, I have a defaul to Orange, for over £2000, yet they gave me a cobtract a week ago :-s

never-in-doubt

cifpower wrote: »

Rang BoC and was told the application was being looked at today

You know its really small? When I rung I spoke to June or Judy maybe, then she put me through to account opening and that is another woman, the same one that rung me the other day! I reckon its a branch we ring through to lol......

Anyway, are you calling back to find out? Did you initially get through to June/Judy before she put you through?

I may call back cos i'm curious, but pointless if yours isnt being you applied before me! Have you checked who they searched or dont you have monitoring with the CRA's?

never-in-doubt

wizzywig27 wrote: »

Holy moly, I rang up Experian yesterday to cancel my 30 days, and he told me that what I see, is not what the lenders see, as I didnt have all of my address history on there - I do, 5 years in england, and before that I lived in Spain for a year, anyway he updated it, and it all makes a little more sense now, I have a defaul to Orange, for over £2000, yet they gave me a cobtract a week ago :-s

We do see what the lender see's - what you mean is the lender can see links or if you like, fraudulent info - wereby we cannot. The only exception is the lack of cifas data otherwise we see the same as all lenders see.

Obviously the CRA's and lenders can see similarities, we cannot.

wizzywig27

never-in-doubt wrote: »

We do see what the lender see's - what you mean is the lender can see links or if you like, fraudulent info - wereby we cannot. The only exception is the lack of cifas data otherwise we see the same as all lenders see.

Obviously the CRA's and lenders can see similarities, we cannot.

Basically what he said was that I do not have full history on there:

here is how it is (past 6 years)

May 2004 to March 2005 - Spain
March 2005 to May 2005 - Address 1
May 2005 to August 2007 - Address 2
August 2007 to Present - Address 3

I gave them address 1, 2 and 3, and what he said is there is additional info the lenders can see, that I cant, which is info from my addresses before Spain, so he added them, and voila, two defaults from Orange show up!

never-in-doubt

wizzywig27 wrote: »

Basically what he said was that I do not have full history on there:

here is how it is (past 6 years)

May 2004 to March 2005 - Spain
March 2005 to May 2005 - Address 1
May 2005 to August 2007 - Address 2
August 2007 to Present - Address 3

I gave them address 1, 2 and 3, and what he said is there is additional info the lenders can see, that I cant, which is info from my addresses before Spain, so he added them, and voila, two defaults from Orange show up!

Yes, as I said this is a link between you and the missing data that the CRA's know is you, that you have 'attempted' to conceal, whether deliberately or otherwise.

So, it appears you used Spain as your last address but the CRA's had already known you lived somewhere before Spain with outstanding derogatory data thus they will link it allowing lenders to read what it says and make their own assessment (i,e accept/decline/or cifas!)

cifpower

never-in-doubt wrote: »

You know its really small? When I rung I spoke to June or Judy maybe, then she put me through to account opening and that is another woman, the same one that rung me the other day! I reckon its a branch we ring through to lol......

Anyway, are you calling back to find out? Did you initially get through to June/Judy before she put you through?

I may call back cos i'm curious, but pointless if yours isnt being you applied before me! Have you checked who they searched or dont you have monitoring with the CRA's?

i don't subscribe to any of the CRAs.

I just rang BoC back and was told I would get a letter within 3-5 working days of my application and they can't give me any information over the phone.

never-in-doubt

cifpower wrote: »

i don't subscribe to any of the CRAs.

I just rang BoC back and was told I would get a letter within 3-5 working days of my application and they can't give me any information over the phone.

LOL, that seems ominous then? I hope not!

Did they even ask you for security? I never got asked anything lol.... .