How accurate are Credit Reports?

woofy85

Just got my credit report report and it shows none of my previous debt, one is from 2005 for a credit card, the other 2008 Barclays bank over draft. I changed my name in 2008 but also changed my details with barclays, just didn't pay off this debt. They have never contacted me on this

Why aren't these debts appearing on my credit report with expedia. It gave a fair credit rating... My only downfalls were I wasn't registered on the electoral and had no direct debits ( try to not have any direct debts due to past debts to prevent a repeat)

I want to register on the electoral register (is my credit report wrong cause I never registered for it) and set up a direct debt, for a mobile phone to improve my credit rating. But I am worried once if I try do either, old debt will be found and debt will come haunt me? B

This is why I am asking how accurate credit reports are from credit expert/expedia. If the bank does it's own search will it get the same results as my credit report?

camuk81

Not all items show up on all credit reports, there are also 3 agencies that report your data.

So far example I can't see my black horse loan on equinox but its on experian, conga only shows up on one report and not the other!

When did you last make payment to them?

woofy85

I like 2008 then I became homeless, etc So I guess credit reports are money making scams?

camuk81

They show some of your accounts.

Its good to be aware and check them however don't go putting 100% faith in the score you get.

Just be aware now you have checked it this somehow flags with your creditors and they may restart contact

woofy85

Oh god are you serious, I thought that was if you try and get in contact with them? So if I applied for a overdraft with my new bank account it can automatically start the contract with past debt.

This is why is why I was worried registering on the electoral didn't know credit scored can do this too!

camuk81

Woofy dont panic, it doesn't always happen. Look we are hear to help, if the first debt was in 2005 and you haven't paid for a while then it may be able to dismissed under statue barred as you haven't paid for over 6 years.