What do lenders actually see?

a4a

Thrugelmir wrote: »

Probably because there's no such thing. The CRA's will create whatever their customers want from the data they they hold.

Correct, including scores and everything else. Their customers are the lenders, so they will give them whatever they want.

a4a

stclair wrote: »

I use credit reference information at work and we see the following information:

* Electoral Roll (Everyone registered at address)
*Aliases and Associations
* Address Links
* BT OSIS Telephone File
* Council of Mortgage Lenders (CML) Possessions Register
* Previous credit searches (CAPS)
* Credit Account Information Sharing (CAIS)
*CCJs and other public information
*Gone Away Information Network (GAIN)
*CIFAS

The CAIS consists of:

•The lender, e.g. type of company (bank, retailer)
• The borrower, e.g. full name, full address
• The credit account (as appropriate)
• Type of account (loan, mortgage, etc.)
• Start and closure dates
• Default date
• Current balance outstanding
• Repayment amount and term
• Credit limit
• History of payment over the last 36 months
• Special circumstances (gone aways, deceased, etc.)
• Date of the last CAIS update.

When the CAPS is viewed is just shown as an amount for example:

3 = Within last 0-3 months
1 = Within last 3-6 months
0 = within last 6-9 months
1 = Within last 9-12 months

Are you a lender?

stclair

a4a wrote: »

Are you a lender?

I work in lending department yes.

GingerBob_3

I assume the BT OSIS field is blank for people who are ex-directory? Also, I wonder how they reconcile that entry with an actual person? For some addresses it must just be a guess.

a4a

stclair wrote: »

I work in lending department yes.

So do you make decisions based on how a CRA views a borrower?

stclair

GingerBob wrote: »

I assume the BT OSIS field is blank for people who are ex-directory? Also, I wonder how they reconcile that entry with an actual person? For some addresses it must just be a guess.

Yeah that correct ex directory numbers are not returned. Christ knows how they reconcile it though lol

stclair

a4a wrote: »

So do you make decisions based on how a CRA views a borrower?

Decisions are generally made on information provided by the CRAs.

sdh2903

So my point being would a lender see AP markers from 2007-2009 on a settled (in 2011) account? No default or late payment markers.

The rest of my file is clean and up to date for the past 6 years.

stclair

sdh2903 wrote: »

So my point being would a lender see AP markers from 2007-2009 on a settled (in 2011) account? No default or late payment markers.

The rest of my file is clean and up to date for the past 6 years.

Yes as settled accounts remain on your file for six years from the account was settled.

sdh2903

Bums. Creation telling me porkies again. Not for the first time either.

So I take it the 36 months of payment history you look at is only on the open accounts?