Nationwide Soft-Search

rb10

john10001 wrote: »

Thanks guys. Yes I believe I did default on one of my cards because they increased the minimum payment without me realizing it (I pay all my cards every four weeks by standing order / 13 payments a year). It was originally an error on their part which they refunded the charges of £12 each but because they increased the min payment and my payment by standing order is fixed for the same amount every four weeks is snowballed and I believe I did get a default notice.

It will be useful to get the credit reports just to see what is on there and if there are any others anyway but would you also just follow up and write to that bank, or to the ombudsman again to get that removed? Or is it something I would now have to do?

If the bank sent you a statement showing the higher minimum payment, and you did not realise this, then you will not be able to get the default removed, as it was your error and not the banks.

john10001

rb10 wrote: »

If the bank sent you a statement showing the higher minimum payment, and you did not realise this, then you will not be able to get the default removed, as it was your error and not the banks.

Nope. What happened is I moved home which I notified them of but they kept sending the statements and everything else to the old address where I no longer lived and I never even got them to be able to know what had happened. I thought everything was okay with the account and sorted.

They agreed to refund me two lots of charges but not the first charge, but have still not reverted the minimum payment back to the correct level which is a result of an error they made. I have never missed making a payment every four weeks of the min amount or greater for the whole time I have had this particular account.

The trouble is they have varied the statement date and due date wildly one month and not allocated the payment until several days later even though the payment was still made well before the due date or what the due date should have been.

This resulted in two payments being credited on the next statement. One at the very beginning of that new statement and one right at the end which was an error and should have been on the previous statement. And from there it has created a snowball of charges and increased minimum payments each month, and let to a black mark on my credit file.

zerog

Earlier on in this thread I posted that I got offered £2800 limit at 15.9%. This was for the normal card and I didn't bother looking at any of the features as I wasn't actually intending to take it out. I didn't realise that nationwide also has a select card.

After getting REJECTED for post office, lloyds, aqua 3% cashback card, fluid (soft search) and vanquis (!!!), I decided to try another Nwide soft search. This time I did it while logged in to internet banking. I also FPd £1000 into my flex account before doing this, as I hadn't credited £750 yet this month.

Offered and approved for £4500 at 12.9%, woohoo! I got rejected for every ccard in the past 5 years except an HSBC one when I was 18, and lloyds keeps sending me spam snailmail asking me to take out a £15000 loan for some reason (not that I need it as I have double that in savings). So it seems like this was almost entirely based on my 3-month history with the flex account which I only opened in order to get the 4.25% ISA. I have just graduated and will only start my job in August, moved house several times in the past 3 years, maxed out 0% student overdraft for 5 years too..

emskibo

Hi
Did Nationwide give you the 0% for 20 months, as well as the APR you mentioned?
Also do you (or anyone who has applied) know if they deffo searched Equifax or Experian - by seeing the search appear on your credit file?
Many thanks

izools

emskibo wrote: »

Hi
Also do you (or anyone who has applied) know if they deffo searched Equifax or Experian - by seeing the search appear on your credit file?
Many thanks

They definitely search Experian and only Experian

TastyTeeth

emskibo wrote: »

Hi
Did Nationwide give you the 0% for 20 months, as well as the APR you mentioned?
Also do you (or anyone who has applied) know if they deffo searched Equifax or Experian - by seeing the search appear on your credit file?
Many thanks

Yes it was 20 months 0% on balance transfers and 19.9% otherwise.

I can confirm (as izools has) that they only search Experian. Apparently that's the same for mortgages too.

emskibo

Thanks v mucho!
Don't know why but my experian credit file has 2 credit accounts missing, and shows i'm NOT currently on the electoral roll
Whereas my equifax report is correct, showing all credit accounts & I AM on electoral roll!
So if they use experian, before I apply I will have to go thru hoops of writing to them & trying to get them to correct it.

emskibo

...or, do you happen to know of any lenders that only search equifax? from the lists i have found previously on MSE & stoozing.com most seem to use both, or just experian...

izools

Creation & Barclaycard only use Equifax.

There are spattered reports of Barclaycard also using Experian from time to time but it's very rare and they weight the Equifax data more heavily if you are in the unlikely situation of them searching both

BugsyBrowne

izools wrote: »

Creation & Barclaycard only use Equifax.

There are spattered reports of Barclaycard also using Experian from time to time but it's very rare and they weight the Equifax data more heavily if you are in the unlikely situation of them searching both

I agree with Izools on this don't put all your hopes on barclaycard solely searching Equifax.
My first barclaycard was the gold which Equifax was used and when I closed this down I then got their platinum BC and when searched experian about 6 months later 2 searchers were made on my Experian file.

So yes I think many lenders are now floating around the CRA's.