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Refused Natwest account need help to understand...
Comments
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Do you have any late payments, defaults, CCJs or CIFAS markers showing on your credit report at Equifax, Experian and Call Credit?
If they suspect you of lying on your application, it's quite possible they've now added a CIFAS marker to your credit report, meaning you'll find it difficult to get any credit.
No it's clear of those I deliberately waited until they were off because I didn't want my wife affected a great deal because of my past and it was well before I met her!
I will just have to keep an eye on my reports now and contest anything that gets put on there! Work out what I may of done wrong as well!I like to think I can help but its for discussion purposes only so if I get it wrong please feel free to correct me.0 -
Have you obtained all three versions of your credit file, or are you assuming they will all be the same?
They won't. Institutions take information from, or feed information to perhaps one or two CRAs, so you may find something is visible on Experian and/or Call Credit, but not on Equifax or vice versa.
RBS Group uses Equifax, so having that version would be helpful in ensuring you can see what NatWest could see...I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
kingstreet wrote: »Have you obtained all three versions of your credit file, or are you assuming they will all be the same?
They won't. Institutions take information from, or feed information to perhaps one or two CRAs, so you may find something is visible on Experian and/or Call Credit, but not on Equifax or vice versa.
RBS Group uses Equifax, so having that version would be helpful in ensuring you can see what NatWest could see...
Yeah I have done that! I was checked twice on my equifax file and twice on experian.
It's all clean on there!
I disclosed my DMP because I didn't want credit but no further question was asked about it. To me I've disclosed I had past issues but if you want to know more then ask me. Should I view it that way?I like to think I can help but its for discussion purposes only so if I get it wrong please feel free to correct me.0 -
cjgoodsell wrote: »What have I done wrong here?
You "volunteered" a bad credit history
Not sure why you did this *after* being offered an account
but a lesson learned for next time
You seem to be over familiar with your own credit score that you have made the assumption everyine else (the natwest) is just as familiar with it
I havent got a clue what my "credit score" ( 3rd party assessment of my worth) is and it has no meaning to me what so ever - I would let creditors get from it what they will but ut wouldnt cross my mind to include it conversation when trying to ask for creditWhen will the "Edit" and "Quote" button get fixed on the mobile web interface?0 -
You "volunteered" a bad credit history
Not sure why you did this *after* being offered an account
but a lesson learned for next time
You seem to be over familiar with your own credit score that you have made the assumption everyine else (the natwest) is just as familiar with it
I havent got a clue what my "credit score" ( 3rd party assessment of my worth) is and it has no meaning to me what so ever - I would let creditors get from it what they will but ut wouldnt cross my mind to include it conversation when trying to ask for credit
Fair point but unfortunately I was asked reason why I didn't want an overdraft! It was first thing that came into my head! If you had been In that meeting you would see how we were told we qualify for that account only! It was all done on an assumptive basis!
If I didn't disclose it and they found out about it then I could potentially have a mark against my file for CIFAS so I'm in a no win situation here really?I like to think I can help but its for discussion purposes only so if I get it wrong please feel free to correct me.0 -
One thing that has not been mentioned when you got your credit reports did you put down all your addresses or did you just put the ones you thought were relavent ie last 3 or 5 years. Only reason I ask is that if you don't then you may not see everything that the bank will see.
john0 -
Your report may not be showing defults, but wouldn't the DMP be represented as an 'arrangement to pay'?0
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If you are still in a DMP then you would have taken the £2k overdraft contrary to DMP rules about taking out new debt?
A lot of this does not make sense which makes me think OP has left out a lot of the story or it is all ****0 -
jonesMUFCforever wrote: »If you are still in a DMP then you would have taken the £2k overdraft contrary to DMP rules about taking out new debt?
A lot of this does not make sense which makes me think OP has left out a lot of the story or it is all ****
I said No to the overdraft and they insisted! If you are going to accuse the story being **** or leaving out info then dont comment!
In respect of DMP (the one I have) They are aware that I have a Vanquis card to try and rebuild my rating and surprisingly they it encouraged (2 years ago) as I have said I put £50 on it a month and pay it all off!
In response to your question on addresses I have been using the credit reports 2 years and I have given them all addresses I have lived at since I left home 11 years plus.I like to think I can help but its for discussion purposes only so if I get it wrong please feel free to correct me.0 -
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