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.

Loan v Equifax

Options
msaquib
msaquib Posts: 717 Forumite
Hi,

Can you please advice which finance company use Equifax for Personal Loans?

My credit history is not great with Experian so I want to apply with banks who uses Equifax.

Thanks
MS

Comments

  • BigDave_Cash_Saver
    Options
    Hi-

    Sorry to bring bad news but most lenders run checks with BOTH providers.

    However, i dont get how it can be worse with one or the other - they get data from the same sources.

    Thanks,
    :rolleyes:
  • Tori_Bellatrix
    Tori_Bellatrix Posts: 1,307 Forumite
    First Anniversary Combo Breaker
    Options
    Hi-

    Sorry to bring bad news but most lenders run checks with BOTH providers.

    However, i dont get how it can be worse with one or the other - they get data from the same sources.

    Thanks,
    :rolleyes:

    Not always .. most creditors report to both but some only report to Equifax or Experian ... I'm not sure why this is though...
    :happylove Tori Bellatrix :happylove

    .·:*¨¨*:·..·:*¨¨*:·..·:*¨¨*:·.
  • msaquib
    msaquib Posts: 717 Forumite
    Options
    Anyone one know if RBS check Equifax? I know they do it for Current Accounts and Experian for Credit Cards. Not sure about Loan?

    MS
  • BASFORDLAD
    BASFORDLAD Posts: 2,418 Forumite
    Options
    northern rock only use equifax for thier personal loan applications
    For everthing else there's mastercard.
    For clampers there's Barclaycard.
This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 12 Election 2024: The MSE Leaders' Debate
  • 344.2K Banking & Borrowing
  • 250.4K Reduce Debt & Boost Income
  • 450.1K Spending & Discounts
  • 236.3K Work, Benefits & Business
  • 609.7K Mortgages, Homes & Bills
  • 173.6K Life & Family
  • 248.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards