UK Credit Reference Agencies Unfit For Purpose and must be reformed - Discuss

clivejo

I have to say I do have a large chip on my shoulder regarding CRA's. From day one they have caused me nothing but grief and stress, and why, because I used my address as I had been using for my entire life and not some unofficial address that didn’t exist (you couldnt find it).

So when I tried to take out a contract mobile phone I was accused of fraud (Genie or O2 Online as it was known). The Abbey National who I saved with from I was a kid also declined a credit card based on my credit score, yet sent out numerous statements to the very same address on the application form!

I wrote numerous times to the credit reference agencies concerned, showing my drivers licence, bank statements and other bills all using my address, yet they still refused to listen. They are impossible to deal with and a law unto themselves and to any business who rely on them solely to make a decision on credit, I avoid them like the plague. If you take the word of a CRA over 30+ years of loyalty then you dont deserve my business.

VictimOfImpersonation

newbieboy wrote: »

Hypocrite, your using my age as a limiting factor and then conversely using your age for your apparent superiority.

Yep. Respect your elders, boy :money:

Your comment "We can read you like a book newbieboy" is also comical considering people are clearly supporting my statements and dismissing (the majority) of yours.

"People"? What people. Oh you mean those that post on MSE! Posters post for all sorts of reasons, newbieboy. Some even come back again and again (twice in one afternoon I see!) all aggrieved to big themselves up and bash down detractors. What really counts on MSE as a political force (and it very much is), are readers and followers.

I also have no reason to tell you what I have and haven't done, because ultimately it is irrelevant to this post.

Agreed - certainly sounds like it. But you did.

The only reasoning of highlighting some of what i have achieved was in a bid to highlight that you have no idea who you are talking to or what I/they have done.

Well next time you might think twice about that I imagine.

... and as an FYI, yes i have led a team, ...

Ah yes, and haven't we all at some point . The real question you might ask yourself is have you ever built a good one? Doesn't sound like you rate anyone who isn't a youngster. That could limit your good-team-build chances severely.

The fact of the matter is I am proud of what i have achieved at my young age and although would never brag about it I equally have no reason to hide it.

Fair enough. Power to your elbow - there's lots more for you to achieve yet I am sure - me too!

As you are being so pedantic with word choices, then yes, "tell" some older people what to do. This is because like you, some older people are arrogant enough to think that they know it all, and that a youngster couldn't possibly be better than them with limited experience.

Hmm ... you see that is exactly what I thought you said the first time. Call yours a Freudian slip if you like.

Your entire post states we; we forgive you, we see through, we this, we that, yet YOU are the only one with these opinions. Even in earlier posts you stated that "we could see through my words". You could, no-one else.

I am using the Royal "we" - "We the people" (not we the posters).

Happy New Year though . I am sure in time as you mellow and become even more wise, you may mark some of my words but you'll have forgotten where you read them first. I am of course not a model for anyone to emulate, too oddball for that, but don't mislead yourself into thinking that what I have to say has no wide general audience.

PS Bill Gates and Mark Zuckerberg were/are oddballs. Are you one too? Lots of it about

ollski

I'm not sure it's totally cras that are vile, more the whole system. On almost all bills these days credit files are used as a threat to force payment even if it be disputed or incorrect. interest rates in many cases are now a secret until you have applied for a product when they can make up a completely different rate which you have little choice but to accept as you have already made an application.


Credit files and scores should be free to see and loans / cards should have interest rates linked to a set of scores. It's not rocket science, it's just that the finance industry make it to be.

VictimOfImpersonation

I am with you on that ollski - the system is not designed to be good to you or me - it is only for the commercial gain of those that use it i.e. the banks, the CRAs, insurance companies and all manner of faceless organisations full of con-artists who would have us believe they could not do business with us without it.

Exactly the same thing has been said of the City Of London as a whole for decades:
"It only exists for the benefit of those within it"

BonkersBonkers

Victim - having read this thread with interest what do you suggest as an alternative?

safestored4

He won't. While the rest of us have been enjoying and overindulging ourselves over the past few days he has been sitting in his cubby hole continuing his paranoic rant.

clivejo

I agree with ollski a more open system would be better.

There is more to credit risk than "computer says no" which these days is what it boils down to. There should be a more person friendly approach and a chance for a business to review why the computer says no !!! But then we might be opening up all kinds of issues these CRA dont want us knowing!

VictimOfImpersonation

safestored4 wrote: »

He won't. While the rest of us have been enjoying and overindulging ourselves over the past few days he has been sitting in his cubby hole continuing his paranoic rant.

For starters I think I would sack all habitually over indulgent types in the financial services industry and make them all (at every level) apply for an FCA personal license to continue which would be withdrawn on the spot if they were ever discovered propounding the existing diseased culture at work or on an internet forum.

Dovah_diva

VictimOfImpersonation wrote: »

What's your feeble excuse for taking a pop rather than engaging properly in the discussion, Thrugelmir?

I'm only a few posts in and it is quite clear you have an agenda for your rantings. You clearly have issues with the CRA's; hence your aggressive, foaming at the mouth postings. You don't want a debate at all - you want to rant. Might i direct your to the Praise, Vents & Warnings board? You'll meet many like minded people there.
Oh and this:

VictimOfImpersonation wrote: »

Yep. Respect your elders, boy

Respect has to be earned, boy. As you are clearly a swivel eyed loon, there'll be no respect from me.

VictimOfImpersonation

Dovah_diva wrote: »

I'm only a few posts in and it is quite clear you have an agenda for your rantings. You clearly have issues with the CRA's; hence your aggressive, foaming at the mouth postings. You don't want a debate at all - you want to rant.

Can you remind me of any point well made yet in favour of not reforming CRAs? You are another who merely wishes to line up and pile in to shoot the messenger for daring to tear down a number of facades in the financial service industry. Have you read about my latest experience with CRAs in the Compare The Market discussion thread? Might i direct you to it , Madam, with an open invitation to come back here and say what you think about that?

Might i direct your to the Praise, Vents & Warnings board?

No you may not. Here is where it is at.

You'll meet many like minded people there.

And you know that because?

Respect has to be earned, boy.

Clearly I haven't earned enough to be a member of your club, whatever that stands for.

I await you further observations with interest.