Credit agencies a big scam (please read so you know the truth before its to late)

Driver8

No one should be paying for their credit report when you can get it free for life;

https://www.noddle.co.uk/

It is provided by Call Credit

molerat

I get 2, Noddle and Equifax, for the grand sum of £0. Why would anyone pay

sefton

~Beanie~ wrote: »

Its never going to happen.

You would not have to pay nearly £45 per month either, if you were that bothered about keeping tabs on your credit file, you could send off for the £2 paper copies, costing £6.

There would be no point even having 3 different CRA's if every lender had to check/report to all 3, all reports would be the same so there might as well only be one CRA.

As they are all in it to make money, as I said earlier, this is never going to happen.

Anyway, I knew that you need to check all 3 agencies to get a full picture and I'm sure other people know as well.

I would put money on it that most people do not know. If they did these companies wouldn't be able to sell the service the OP has purchased.

I have a credit card that gives me free access to Equifax. and I wouldn't have known all my credit agreements wouldn't show up with the one reference agency if I did not have this facility.

Money-Saving-King

sefton wrote: »

I have a credit card that gives me free access to Equifax

I've seen this a couple of times. What card is this?

molerat

Money-Saving-King wrote: »

I've seen this a couple of times. What card is this?

Capital1..........

Money-Saving-King

Ah right yeah I've seen that, either the business one which is no good for me or one with a £125 annual fee. I was wondering if it was a free card anyone could get. I've got Noodle so that'll do lol!

molerat

It may well be the paid for card which I got before the fee was introduced.

fluffnutter

Even if you don't fancy opening specific accounts in order to get free access to credit reference agency data, the £2 they charge for a report hardly breaks the bank. I'm amazed that people think they need to join and pay a monthly fee - surely people can see through that bit of marketing, can't they?

I paid a couple of quid each to see my reports (Experian and Equifax) - it doesn't take 'up to two weeks'. One was instant, the other took two days for a password to be sent by post. I suspect this was to encourage you to join up immediately but two days was fine by me.

I don't know why immediate access is needed anyway. If you're using CRA data to see if you've been a victim of fraud, you're a fool.

Cazzad_2

I used CRA and monitored each month and I am glad I did, because Welcome Finance rubbished my credit report because I was taking them to court! It works for some and not for others.

meer53

Cazzad wrote: »

I used CRA and monitored each month and I am glad I did, because Welcome Finance rubbished my credit report because I was taking them to court! It works for some and not for others.

So..... care to tell us the full story ?