We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Partial Data Sharing rules and default?
Comments
-
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 greed0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.5K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.5K Spending & Discounts
- 245.5K Work, Benefits & Business
- 601.5K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards