Are Experian stricter than Equifax?

jeystone

As you know, Lowell like nothing more than to go to town on your credit file...However even though I have many Lowell searches, I have 0 negative factors on my Experian file, as if Experian don't find their requests to place a default valid

Equifax however seems a lot more lax, and it is riddled with Lowell defaults...well..2

Is Experian a little more cautious with data? Also Equifax never reply to any letters I send them

happy_bunny_2

If they ignore you, send signed for to this address and tell them no timely response and you will be escalating:
http://www.equifax.com/help/q32/en_uk

Can't help on the other bits.

techspec

The info they hold is only put there by companies THEY deal with. The creditors have to pay them for the service.

Historically - most used Experian, with a smaller number using Equifax and then Call Credit.

This meant the latter held less info - as they didn't deal with as many companies.

Looking at my latest Equifax report though - it looks like they are catching up.

Most larger companies will now use at least the main 2, and probably all 3.

So its not that they are slacker - just that they only show info they are paid to update.

If you are getting credit from a company that ONLY uses Equifax or Call Credit to approve your credit- thats good news.

jeystone

techspec wrote: »

The info they hold is only put there by companies THEY deal with. The creditors have to pay them for the service.

Historically - most used Experian, with a smaller number using Equifax and then Call Credit.

This meant the latter held less info - as they didn't deal with as many companies.

Looking at my latest Equifax report though - it looks like they are catching up.

Most larger companies will now use at least the main 2, and probably all 3.

So its not that they are slacker - just that they only show info they are paid to update.

If you are getting credit from a company that ONLY uses Equifax or Call Credit to approve your credit- thats good news.

But if that's the case, wouldn't Experian have the most defaults recorded? How can I have 2 defaults on Equifax but none on Experian? because Lowell don't want to pay to update Experian?

techspec

jeystone wrote: »

But if that's the case, wouldn't Experian have the most defaults recorded? How can I have 2 defaults on Equifax but none on Experian? because Lowell don't want to pay to update Experian?

Yes, pretty mutch.

In this case looks like Lowell only use Equifax.

Ive never heard of Lowell - and smaller companies tend to use Equifax, as its cheaper.