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Cashminder reporting to agency??

geeuk
geeuk Posts: 16 Forumite
in Budgeting & bank accounts
Hi,

I have an Co-Op Cashminder account which was opened last month and i was wondering if co-op report these accounts to any of the cra's?

I am on my free trials with Equifax and experian none of them have appeared yet.

Thanks

Comments

  • intranicity
    intranicity Posts: 394 Forumite
    Yes they do, or they certainly do to Experian. I have one of these and every month for the last 4 years is on my CRA file
    Opinions are like bottoms - We all have one, just some stink more than others

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  • geeuk
    geeuk Posts: 16 Forumite
    thanks for that mate.
  • savagej
    savagej Posts: 1,158 Forumite
    Yep, to Equifax also. Never seen my Callcredit report but I think they also get the information.
  • geeuk
    geeuk Posts: 16 Forumite
    Do you know how long it takes for it appear? i just received my first statement.
  • coolesticeking
    coolesticeking Posts: 744 Forumite
    geeuk wrote: »
    Do you know how long it takes for it appear? i just received my first statement.

    Most and I say most start to report just over a month after the account has been opened...
    David :)
    £1 of debt is too much for me!
  • intranicity
    intranicity Posts: 394 Forumite
    coolesticeking wrote: »
    Most and I say most start to report just over a month after the account has been opened...

    but bare in mind, the CO-OP notify the CRA after a month, but this might take up to a month to hit your report, in reality i'd guess that it should start showing between 6 and 8 weeks after you opened the account
    Opinions are like bottoms - We all have one, just some stink more than others

    Service Attributable Pension - War Pension - War Pensioners Unemployability Supplement - War Pensioners Invalidity Allowance - War Pensioners Comforts Allowance - War Pensioners Mobility Allowance - War Pensioners Child Allowance - Housing Benefit - Council Tax Benefit
  • mattedgie
    mattedgie Posts: 40 Forumite
    What do they report...does it show balances or anything like that?
  • izools
    izools Posts: 7,513 Forumite
    1,000 Posts Combo Breaker
    intranicity wrote: »
    but bare in mind, the CO-OP notify the CRA after a month, but this might take up to a month to hit your report, in reality i'd guess that it should start showing between 6 and 8 weeks after you opened the account

    Yes indeed, 6-8 weeks before reporting starts and updates every month or two from there on it.

    Seems to be the same with a lot of the larger banks, however Capital One and Sygma Bank are very fast to put the account on your credit file and good with timely updates, too :o
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  • intranicity
    intranicity Posts: 394 Forumite
    mattedgie wrote: »
    What do they report...does it show balances or anything like that?

    On the Co-op card it will just show that you have been behaving, ie not going overdrawn. There is no info about the credit balance and you can't have an overdraft, so in theory you shouldn't go overdrawn. Only way you can is if a DD or SO is due and the funds aren't there, they could charge you a fee for not paying. Hope this helps
    Opinions are like bottoms - We all have one, just some stink more than others

    Service Attributable Pension - War Pension - War Pensioners Unemployability Supplement - War Pensioners Invalidity Allowance - War Pensioners Comforts Allowance - War Pensioners Mobility Allowance - War Pensioners Child Allowance - Housing Benefit - Council Tax Benefit
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