Credit Searches PDF Read.....

PROLIANT

http://www.publications.parliament.uk/pa/cm200910/cmselect/cmtreasy/197/197.pdf

DarkConvict

They seem to be asking for a few changes

More use of quotation searches for people shopping around, and only use application searches once someone actually applies after getting a quotation.

Also, due to the important and sometimes inaccurate data, i think they are hinting at free online access.

While a £2 fee for a consumer to receive their statutory credit file may seem modest,
given that there are three potential providers of such reports, and regular checking may
be appropriate, costs may begin to add up. We recommend that the OFT and the ICO
consider again whether the charge remains reasonable. In particular, given the key role
credit reports play, and the fact that relatively few consumers request their credit
reports, they should consider whether there is a case for providing free access to
increase take-up.

also

19. One of the main problems that worried Martin Lewis was the impact of the
information about multiple credit application searches on customers trying to obtain
‘priced for risk’ unsecured credit products, such as certain credit cards. Mr Lewis forcefully
expressed his concern for customers who:
have absolutely no idea that, when they apply for an 8.9% loan, they may be given a
rate of 30% interest and they have no idea that the fact that they have been given a
rate of 30% interest, rejected it and applied for another piece of credit may well then
stop them getting the next piece of credit.47

Looks like he took an active role, it shows he was a witness to it.

CHR15

anner005 wrote: »

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Upload them to EDITED or similar

On second thoughts, take a running Jump Mr :spam:mer