RBS / NatWest

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gareth.tomlinson01
gareth.tomlinson01 Posts: 3 Newbie
edited 19 March 2013 at 7:44PM in IVA & DRO
I have been turned down by NatWest / RBS for a loan, the reson given was that my records with them show that I was in a IVA that was completed and finnished in April 2009 (thats including 1 year after the 5 year IVA). This record in on NatWests / RBS inturnal records. I have checked on Experian and the IVA has been removed infact it is showing as me as low credit risk. My question is why can RBS NatWest still hold and use this finnished IVA against me????

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  • UpToMyNeckInIt
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    ...because they can is the simple answer. Banks etc. are at liberty to hold customer records as long as they like, so i understand. Santander for example hold customer records for up to 20 Years (particularly if they have been shafted by an IVA I'm guessing!!!).

    Were NW/RBS creditors of yours? If so, that might explain that.

    If you now want a loan, I suggest you try an institution that was never a creditor of yours in the IVA.

    Good luck.
  • No NW/RBS were not creditors of of mine. Is there on rule that says a IVA only stays on your record for 6 years?? And why should a bank like NW/RBS not be governed by the same rule??
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