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Partial Data Sharing rules and default?

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  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    Last time I heard that phrase it was used by a creditor whose agreement did not contain clauses giving them permission to record routine account data with the credit reference agencies.

    By routine, I mean balance, cc limit, non default payment markers etc.

    However, regardless of any express 'permission' in the agreement, the creditor retains the right to record a default should you do that.

    So that is what they meant by "partial" in that case.

    Don't take the above as being ^^^^^ particularly accurate. It's just what, when pressed, the person using the phrase claimed they meant. May not be the same in this case.
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
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