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Bank acknowledge fault after accidently placing a closed account on default

2

Comments

  • so the point of them is none then?
  • Heffi1
    Heffi1 Posts: 1,291 Forumite
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    dtwingnut wrote: »
    Forgive me for being new to this, but the credit score I got from experian was excellent 987 ?

    Or does that mean nothing

    Unfortunately you are the only one who sees that score, the banks have their own internal systems for scoring you and take absolutely no notice of what number Experian/Equifax might say.

    If there is a default on the account they will see this and it is probably this that has caused you to be declined.

    The credit reference agencies give you a number in th hope you pay them each month to raise it.

    Nobody but you and the credit reference agencies see that number and don't be fobbed off by them saying otherwise.
    :) Been here for a long time and don't often post
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
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    dtwingnut wrote: »
    Forgive me for being new to this, but the credit score I got from experia was excellent 987 ?

    Or does that mean nothing
    Well if your Experian report was showing a defaulted current account yet they still scored you 987 I think that answers your question quite adequately!
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    dtwingnut wrote: »
    so the point of them is none then?
    The "point" of an Experian credit score is to generate income for them!...whilst at the same time lulling you into a false sense of security!
  • well i guess this highlights how new i really am to this stuff...

    thanks for all of your advice
  • Heffi1
    Heffi1 Posts: 1,291 Forumite
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    It is only by reading on here that I have learned as much as I have and I am still learning new stuff everyday, so don't be disheartened to not know it all, there is a lot of stuff that never gets spoken about in everyday conversations and this is one of them

    I think the CRAs like to keep us in the dark so they can generate even more money.
    :) Been here for a long time and don't often post
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    Heffi1 wrote: »

    I think the CRAs like to keep us in the dark so they can generate even more money.

    With MMR on the way. My hunch is that CRA's will change their scoring systems. To avoid having to deal with endless enquiries as to why they are unable to obtain credit.
  • Tigsteroonie
    Tigsteroonie Posts: 24,954 Forumite
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    Have PM'd you, dtwingnut :)
    :heartpuls Mrs Marleyboy :heartpuls

    MSE: many of the benefits of a helpful family, without disadvantages like having to compete for the tv remote

    :) Proud Parents to an Aut-some son :)
  • GingerBob_3
    GingerBob_3 Posts: 3,659 Forumite
    dtwingnut wrote: »
    after recently being tured down for a mortgge due to default bank account that we no longer use back in 2011.

    i chased this up with the bank.

    the reply i got was this was an accident on their behalf and by way of an apology offered £200

    i have spoke to a few people who think that the derisory offer isnt enough due to the stress and emmbaressment this has created.
    not to mention that we are still unable to bid for any houses and have had to put off the surveyor of the people who want to buy our house as we still dont know whether we can get a mortgage.

    they have alsoadvised that they will correct the default.

    any advice?

    See the Durkin case in a recent thread. If you can be bothered with all the hassle you could sue them - maybe speak to a solicitor. For too long these bloodsuckers have been placing erroneous data on people's credit report and causing untold hardship. According to the Durkin case, they may be about to get their comeuppance; I certainly hope so.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    GingerBob wrote: »
    See the Durkin case in a recent thread. If you can be bothered with all the hassle you could sue them -

    There's no legal precedent been set. Different circumstances different era.
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