Credit Reference Agencies - Who Really Uses Who? II

chexum

chexum wrote: »

"It is estimated that your BT account information will be visible again on your report by the end of August 2010."

I've been watching that space for more than a year - it's always in the future (February, May, now August). Come end of August, it will show "end of November".

I was wrong on two accounts, it has already been changed:

https://equifaxuk.custhelp.com/
"Why is my BT account information no longer appearing?"

"It is estimated that your BT account information will be visible again on your report by the end of December 2010."

Dr_Cuckoo3

stclair wrote: »

Im sure all banks would have a similar department.

I tried to open a lloyds tsb account a few years ago. The account was opened card and pin sent me and everything. Then a few days later i got a letter telling me they was closing my account.

When I asked why it was becuase I owed them money from years ago :eek: that was from when i was young and wreckless lol

I am considering doing the same however I have changed my address a few times since and we are talking about a merged bank

I was in a branch today transfering one account to another and the method of identifying my A/C was to enter my postcode , which revealed other A/C holders with the same postcode and whittled it down from there

I wonder whether applying for a new account will bring up my very old account which will have been passed to debt collection ?

Dr_Cuckoo3

izools wrote: »

Don't jynx it! Seriously... But it's interesting it happened when it did. My ex and I used to hold a joint account with LTSB which we opened a few years ago. A couple of months later we closed the joint account but kept our sole accounts. Just last month my ex closed his LTSB current account so he no longer has any products with them, and BINGO! my CPD marker drops off for the first time since the account was opened. I think LTSB may have been linking us despite my going through a notice of dissasociation with the CRAs and not holding joint products. Can't be sure, but it's quite a coincidence...

izools wrote: »

Why thank you Red Rabbit (I think). I hope I'm not a defensive as Niddy though...

Lol anyway, found out something interesting about Lloyds TSB Risk Scores.

As you may or may not know they get a monthly "insight" feed from Experian so they know exactly what is going on on your credit file up to date all the time.

If they see any new accounts appear on your credit file your risk score increases to 9 (the worst).

If they see any new accounts from the last 6 to 12 months (depending on how many new accounts you've had) you get a "Credit Policy Decline" marker.

I know this because I didn't have a CPD in the time between taking out my LTSB account and getting my first Sygma card.

However I've had a CPD marker since then, and my Risk Score shot up from 3 (which is when they gave me a gold account and gold card) to 9 - as a result of a monthly update from Experian's Insight feed and the only change was a new account - mobile phone from Three. No charges or returned items on my bank account and no other changes on my Experian file like searches or missed payments etc.

So opening new accounts can have a severe adverse effect with some creditors depending on their criteria and lending policies.

Please repost when you are sure of the reasons for your CPD , you have given numerous inconsistent reasons to date including applying for new products elsewhere and CRA feed

Suppose we shouldn't bother asking whether your behaviour score changed at the same time as your CPD removal

never-in-doubt

Dr_Cuckoo3 wrote: »

Please repost when you are sure of the reasons for your CPD , you have given numerous inconsistent reasons to date including applying for new products elsewhere and CRA feed

Suppose we shouldn't bother asking whether your behaviour score changed at the same time as your CPD removal

Ive never read so much bollix in all my life mate! I dunno whats funnier, the fact an alleged intelligent guy believes a bank over what i've proven to be fact; or the fact he's trying to be/replace me - period!!

I notice you picked up on the inconsistencies too - point is my data comes first hand from my time in that industry and colleagues that I know (senior staff)... not my experiences of visiting a branch lol.... big difference!

:rotfl: :rotfl: :rotfl:

izools

Dr_Cuckoo3 wrote: »

Please repost when you are sure of the reasons for your CPD , you have given numerous inconsistent reasons to date including applying for new products elsewhere and CRA feed

Suppose we shouldn't bother asking whether your behaviour score changed at the same time as your CPD removal

bully wrote: »

Ive never read so much bollix in all my life mate! I dunno whats funnier, the fact an alleged intelligent guy believes a bank over what i've proven to be fact; or the fact he's trying to be/replace me - period!!

I notice you picked up on the inconsistencies too - point is my data comes first hand from my time in that industry and colleagues that I know (senior staff)... not my experiences of visiting a branch lol.... big difference!

:rotfl: :rotfl: :rotfl:

I don't think we'll ever know for sure why the CPD was there in the first place, and why it's finally gone.

And it wasn't ME giving inconsistent reasons, it's Lloyds TSB giving inconsistent reasons and me relaying them. I keep explaining that but no one seems to bother reading it... Stop shooting the messenger !!!!!!!

I've explained time and time again that the information I posted about Lloyds is simply what they've told me and to take it with the same pinch of salt I do. I don't think it's fair to tar me for Lloyds inaccuracies, really, is it? I never proported the information to be gospel. I always explained it was what I was told by them... I never claimed to believe it and at the end of the day, if the reader believed it knowing where it came from (Lloyds TSB Telephone banking and two branch managers) they have only themselves to blame, really.

Interestingly, (or not), my Risk Score was 4 in June WITH a CPD, 9 in July with a CPD and now back to 4 WITHOUT a CPD...

Ours is not to reason why. I don't think the bank understand why it keeps jumping around all over the place, I certainly don't. Ah well. It is how it is

And if you want to talk about consistent, first hand data, NID, why did you tell me several months ago that mobile phone accounts don't help build credit because they aren't credit agreements and it's therefore pointless using them as a means to build credit? You categorically stated that this can only be done through credit accounts (e.g. credit cards) and today you're saying the complete opposite in t'other thread.

What a f*****ng hypocritical bully.

Maybe if you didn't want to be such a t**t you'd sympathise and recognise that it's ME that have been messed around by LTSB lying to me every which way proving themselves to be untrustworthy with the truth. I could understand that from a telephone banking rep, not a branch manager. Certainly not two. Now I know better. It's not me that have been making up the information here, it's the bank... I can't believe you don't get that...

On a funnier note the letter they sent today telling me I have a £2,850 overdraft also says:

The rate of interest we will charge on the balance of your overdraft above £250 is 0.00% per month, giving an equivalent annual rate (EAR) of 0.00%

I'm not letting go of this letter for anything! If I do ever use the OD (unlikely) it might be my ticket to getting all and any interest charges refunded Whoops again, LTSB...

Although you probably won't believe they did write this unless I scan the letter and post the .JPG, will you?

BugsyBrowne

izools wrote: »

I don't think we'll ever know for sure why the CPD was there in the first place, and why it's finally gone.

And it wasn't ME giving inconsistent reasons, it's Lloyds TSB giving inconsistent reasons and me relaying them. I keep explaining that but no one seems to bother reading it... Stop shooting the messenger !!!!!!!

I've explained time and time again that the information I posted about Lloyds is simply what they've told me and to take it with the same pinch of salt I do. I don't think it's fair to tar me for Lloyds inaccuracies, really, is it? I never proported the information to be gospel. I always explained it was what I was told by them... I never claimed to believe it and at the end of the day, if the reader believed it knowing where it came from (Lloyds TSB Telephone banking and two branch managers) they have only themselves to blame, really.

Interestingly, (or not), my Risk Score was 4 in June WITH a CPD, 9 in July with a CPD and now back to 4 WITHOUT a CPD...

Ours is not to reason why. I don't think the bank understand why it keeps jumping around all over the place, I certainly don't. Ah well. It is how it is

And if you want to talk about consistent, first hand data, NID, why did you tell me several months ago that mobile phone accounts don't help build credit because they aren't credit agreements and it's therefore pointless using them as a means to build credit? You categorically stated that this can only be done through credit accounts (e.g. credit cards) and today you're saying the complete opposite in t'other thread.

What a f*****ng hypocritical bully.

Maybe if you didn't want to be such a t**t you'd sympathise and recognise that it's ME that have been messed around by LTSB lying to me every which way proving themselves to be untrustworthy with the truth. I could understand that from a telephone banking rep, not a branch manager. Certainly not two. Now I know better. It's not me that have been making up the information here, it's the bank... I can't believe you don't get that...

On a funnier note the letter they sent today telling me I have a £2,850 overdraft also says:



I'm not letting go of this letter for anything! If I do ever use the OD (unlikely) it might be my ticket to getting all and any interest charges refunded Whoops again, LTSB...

Although you probably won't believe they did write this unless I scan the letter and post the .JPG, will you?

The way you talk about bank accounts is as if its life or death or something its just a bl0ody bank account izools money go in-money go out simple.

Unless you have perfect credit history with a lot of money going in each week or month then you have nothing to worry about.

needtofightback

I'm not sure if anyone will know the answer to this but as we're talking about CRA's here goes...
Last year I applied for a franchise to run a slimming club. I was accepted through interview but then turned down due to a credit check. I got a copy of my files which showed a ccj, i had settled this & have now got it mark as satisfied on the file. I've also got defaults on my file too. Is it likely i was turned down cos of the ccj? or do you think the defaults would count too?

izools

star-fire wrote: »

The way you talk about bank accounts is as if its life or death or something its just a bl0ody bank account izools money go in-money go out simple.

Unless you have perfect credit history with a lot of money going in each week or month then you have nothing to worry about.

I was trying to explain to NID that I'm not a liar, Lloyds are. Not talk about my account as if it's life and death.

It's the fact that I've shared information I was given by branch managers on here only to find later down the line countless people misconstrue this as MY information when it isn't and treat ME like a paraiah because the reader hasn't bothered to take on board that I'm just the messenger...

izools

needtofightback wrote: »

I'm not sure if anyone will know the answer to this but as we're talking about CRA's here goes...
Last year I applied for a franchise to run a slimming club. I was accepted through interview but then turned down due to a credit check. I got a copy of my files which showed a ccj, i had settled this & have now got it mark as satisfied on the file. I've also got defaults on my file too. Is it likely i was turned down cos of the ccj? or do you think the defaults would count too?

Defaults, CCJs, missed payments, high balances, not being on the electoral role, these all contribute to detrementing your credit score and it is up to the creditor how strict they want to be and how high their pass mark is.

You'll find yourself failing credit checks from time to time until the defaults and CCJ have all passed their 6th anniversary

needtofightback

Thanks. I think it's unfair as I wasn't asking for credit, I was actually trying to buy in! I was on a high after the interview, as it meant i'd be earning again after having had to give up work in 2007 due to illness & I was gutted when i was told i couldn't go ahead after a credit check! I'd never even given it a thought. I just wanted to do something again & it'd mean i 'd have income again after 3 yrs & could start to make a dent in the debts.

They did offer a loan package if you needed it, but the outlay wasn't that high so I knew we'd be able to get it together so i'd ticked the box i wouldn't need credit. It's something i would still like to pursue & after getting a copy of my file & realising my settled ccj hadn't been marked as settled, i'd hoped that now it's sorted i could re-apply.