Does every Bank received CRA's feed?

Bosie

I've read that banks like the Co-op and LTSB receive a monthly 'feed' from Experian/Equifax?
Do all banks do this?

iblametheparents

I would assume so, how else would a bank know if someone had defaulted on another debt, or had a got a CCJ/IVA?

rickee48

I used to have an account with Smile (co op bank) with them a long time, but then i defaulted with HSBC. Up until the default dropped off Smile didn't close the account, so getting this feed info from the credit agencies didn't affect me.
Now have an account with Barclays.
The smile account was a full current with cheque guarantee card.

Bosie

Thanks for replies, what if you only have a Basic account, basically no credit involved?

Experian_company_representative

Lenders can only check your credit report and monitor it on an ongoing basis with your consent, so it's worth checking your agreement with the bank. However, if there's no credit facility on your account then I doubt the bank will be interested in your credit history to be honest.

James Jones