The Sub Prime Credit Thread - Part IV

plumber2009

noah271007 wrote: »

What about CCJs and bankrupties....these are public data so are they for 3 years also? Or is this covers the credit agreement data held by CRA's?

CCJs will remain until settled in full and once settled you have to apply to the court to remove. bankruptsy i am not sure on. it will either be 3 or 6 years depending wether bankrupts falls into this new legistlation.


Its called The European Credit Directive

This also helps: http://www.out-law.com/page-8815

Zack1

TheEffect wrote: »

Is it better to use my Lloyds account for Matched Betting rather than my HSBC account (as I hold my main account with first direct).

I don't want first direct getting funny with me when I apply for credit. Will they even see the gambling transactions with HSBC?

Use a non-credit scored account. A basic cashcard type thing. Open a new one if you have to. Anything else can hit you. They should only see your gambling transactions (on a non credit scored account) if you appealed and they manually looked (like me and Halifax). They won't be taken into account for automatic scoring because the account is ignored. If you use a credit scoring normal current account then they wouldn't "see", but gambling would hit your internal score so it would be the same effect

Its-A-New-Age-Thing

plumber2009 wrote: »

CCJs will remain until settled in full and once settled you have to apply to the court to remove. bankruptsy i am not sure on. it will either be 3 or 6 years depending wether bankrupts falls into this new legistlation.


Its called The European Credit Directive

This also helps: http://www.out-law.com/page-8815

so basically the whole world will know EVERYTHING about us lol

what about voters role info? be pointless sharin that id imagine probably wouldnt be relevent to new countries anyway..........

Its-A-New-Age-Thing

readin into this its on about loans aswell so even though im in the UK i can get a loan from someone in AMERICA if i want for example?

and if so what about other forms of credit ie credit cards and such bearin in mind visa and mastercard are used worldwide anyway??

plumber2009

Its-A-New-Age-Thing wrote: »

so basically the whole world will know EVERYTHING about us lol

what about voters role info? be pointless sharin that id imagine probably wouldnt be relevent to new countries anyway..........

Its to allow for banks to operate far more easily in europe and it will also stop people from moving to a diffrent country and having a new credit file in that country. Effectively if i was to move to say SPAIN. My credit file would now move with me under this new legistlation and make credit assesment less risky for foregin lenders.

never-in-doubt

Have you missed my posts explaining the ECD in detail?

http://forums.moneysavingexpert.com/showthread.html?p=31445851#post31445851

Laymans - #5700

Its-A-New-Age-Thing

this is the finalised pdf thats already been ratified deadline may 10th from experian

http://www.experian.co.uk/www/pages/downloads/compliance/consumer_credit_directive_220508.pdf

fairmorn308

evening NID long time no speak

Its-A-New-Age-Thing

never-in-doubt wrote: »

Have you missed my posts explaining the ECD in detail?

http://forums.moneysavingexpert.com/showthread.html?p=31445851#post31445851

Laymans - #5700

havent been followin any of it mate only took an interest TODAY lol

:beer:

Its-A-New-Age-Thing

sooooooooo my 5 year old defaults ofskie in 2 months ya bloody dancer.............

damn it why do ALL those RECENT SEARCHES