Noddle WARNING!

AJG384521

I think you are reading to much into the privacy policy on Noddle. They are very similar to the terms on Experian and Equifax.

jonesMUFCforever

GingerBob wrote: »

Do you get loads of junk communications?

No just the monthly one to say my latest credit report is ready to look at.

James_N

DavidP24 wrote: »

I was recommended to use a site called

noddle

The idea looks great, free access to your credit file forever (updated every 30 days).

BUT, what they are NOT telling you is that any information you submit is used to update your credit record and shared with other credit reference agencies. E.g. your current address if you provide it.

[/LIST]

This is hysterical nonsense. They are no different to any other organisation that has access to your record information. All they are doing is abiding by regulations - and you can't escape ANY of this scrutiny unless you live by barter in a cave.

Thrugelmir

My credit is screwed forever so I am not that bothered

So why a post stating the obvious?

Hazzinho

Someone with bad credit complaining shocker. Why should any of this worry me?

jamesd

The only regular communication I get from them is an email saying I can get a new report once a month. I do not get anything else that could be considered to be spam.

They offer a service where they rank your chances of getting various credit cards and that's done via a third party. So naturally that third party needs to know details of what is in the credit report. I assume that they do the same for insurers who also would have a reason to know some of the information.

"We will collect information which will help us to verify your identity, such as email addresses, usernames and passwords, along with other personal information we will need in order to provide you with a copy of your credit file. This will include, for example, your name, date of birth, your residential address and postcode. This information will be checked against external databases, such as the electoral roll and your credit file, to which we have access for this purpose."

Of course that information "will be checked against". It's a mandatory requirement that they confirm who you are before they provide you with your credit report. It's standard practice to use electronic identity verification and that works as they describe. You could expect almost any financial institution that you make an online application with to do the same and quite likely also for paper applications.

JKSandy

It's a free service and I am happy with it, I get no emails from them except the email to say my report is ready and very occasional an email about their ID thing they do.

I don't see anything in the statement above that the other agencies don't do.

DavidP24

Well I guess it is true, people really do not care if their data is shared without their explicit permisison.

It is not hysterical nonsense it is facts from their own site.

You should be able to look up ALL of your data without that updating their system and without whatever data you put in being shared without your explicit permission per new data object.

Anyone can fall off the ladder credit wise, a lot of smug people could find themselves in trouble when interest rates go up and the credit companies put up the rates at 400% of any rise in base rates.

I had a mortgage when interest rates were 16%.

I manage my credit but despite pressure to go bankrupt I want to pay it back even if it takes forever (hence my comment above). What bugs me is that my debt was sold off between 5% and 10%, I think they should offer the debtor first refusal at £1 above whatever is offered before they sell a debt to a 3rd party.

Anyway, as far as I can see Noodle is just exploiting consumers, having them put their own data in and they then sell that data.

Hazzinho

Where is the exploitation? They have your data already. Not seen anything to concern me yet.

mwilliams84

You obviously didn't untick the box that says you agree for them to share your info?