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Credit Reports - what DO the lenders see?
Standy
Posts: 37 Forumite
I have searched the first one hundred posts with "credit report" in the title, but found nothing to answer this one.
When your report is searched, what DO the organisation actually see? Is it less detailed than you can see for yourself with Equifax/Experian or Callcredit? Do lenders like credit card or mortgage companies see more than for an insurance quote online? The main reason I am asking is that over the past few years there have been numerous errors from lenders on my files and I never know whether it really matters about correcting each and every one of them.
I find it perverse that with all this computer-controlled lending, "Computer says NO!" springs to mind, lenders believe every word on your report until it's altered, then they believe every word on your new report :eek:
I think if we had some sort of idea what they saw, we can assess what really needs sorting and what isn't worth a stamp!
When your report is searched, what DO the organisation actually see? Is it less detailed than you can see for yourself with Equifax/Experian or Callcredit? Do lenders like credit card or mortgage companies see more than for an insurance quote online? The main reason I am asking is that over the past few years there have been numerous errors from lenders on my files and I never know whether it really matters about correcting each and every one of them.
I find it perverse that with all this computer-controlled lending, "Computer says NO!" springs to mind, lenders believe every word on your report until it's altered, then they believe every word on your new report :eek:
I think if we had some sort of idea what they saw, we can assess what really needs sorting and what isn't worth a stamp!
0
Comments
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They see the same account data, but not lender names IIRC.
Credit searches show, but not insurance checks, ID checks, quotes0
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