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MSE News: Guest Comment - Why should we pay for OUR credit reports?
Former_MSE_Guy
Former MSE 1.7K Posts
in Loans
This is the discussion thread for the following MSE News Story:
"With free credit reports arriving in autumn, Tom Ilube, from credit reference agency Callcredit, explains the important of your credit file and whether other firms will embrace no-cost reports ..."
"With free credit reports arriving in autumn, Tom Ilube, from credit reference agency Callcredit, explains the important of your credit file and whether other firms will embrace no-cost reports ..."
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I'm pretty sure I don't give credit reference agencies my information, my creditors do (with my permission required as a condition for the credit being extended). When I pay for the standard £2 report I pay in order to check the information is held correctly and that there are no errors detrimental to me.
On the whole though I think it's a bit of a crock to have to pay for the privilege of doing this though.
I'm desperate to take a look at my credit report as my neighbours have been fraudulently using my address for credit cards, loans etc.
But every company I find on line wants at least £30 and my credit card number and a monthly fee! And that is from following the links on this website.
http://forums.moneysavingexpert.com/showthread.php?t=51087
You need to look past the account sign ups, they don't like to shout about the £2 statutory reports.
Just sign up for noddle.co.uk you don't need to pay a penny for your credit report, more info here
http://forums.moneysavingexpert.com/showthread.php?t=3299620
Sounds like you'd be better off informing Inspector Knacker of The Yard than looking at you CallCredit report my friend :rotfl:
There's a place to supply financial and stability information like income and time at address. There's no disclosure on that screen about how that information will be used, not even a short form "we'll tell businesses who ask for a form of credit report form us what you say here" if that will happen. One reason this is important is that such things can be a powerful tool for what if testing, but it would be a very bad thing if what if test information was disclosed to potential lenders as supposedly accurate information provided by the consumer. It's essential that the consumer knows whether and how it's disclosed so that they know that if they do use it for experiments they know that they need to erase it (how?) or set it to accurate values.
There's a list of financial products from a different company but no disclosure link within the user interface where you can see exactly what information is being provided to them to generate the list. Whether it's the credit score, the count of accounts or some or all of the financial information that should have an explicit disclosure of exactly which information items are supplied.
I have no idea what this means. Is it supposed to be humour?
That said your credit report will only show credit accounts in your name. If your neighbours have been using their names but your address then these accounts would not show on your file - or affect your ability to get credit. But still I would still check your reports and make sure you check the financial associations to ensure you haven't accidentally been financially linked to these people.
I've signed up but this is a pre-register service - I don't think it is going to be up and running until Autumn (which is a vague term!)
He means go to the police and report it.
With regards to Noddle/CallCredit, I have found their service to disappoint so far. A poor signup procedure, lots of website errors whilst trying to sign up, all that hassle just for a free report.