Experian.... Negative effect on CRF for new account

Rrushi_Shqiptar

Can anyone give me an idea when the negative marker for a newly opened credit account (mobile/WiFi contract EE)drops off your Experian credit file?

I have had this on my file as a negative marker since the beginning of August 2014. I am not sure how much of an effect it actually has or what it's indication is to other creditors.

I am not looking for more credit, just clearing CRF's.

I know they mean nothing to lenders etc. (I mean the numbers)

Thank you.

[Deleted User]

None. It's just a made up Experian marker.

jamesd

It's an indication that some prospective lenders might view newly opened credit accounts as a risk factor. For example, the M&S card initially declined me because I had opened a new credit account a few months earlier and they wanted more time to see what happened with that account. A year or so later they accepted a card application without trouble.

How lenders will view this will depend on the specific lender. I doubt that a mobile phone account is going to be much of a negative factor, compared to say a credit card or loan.

I don't know how long Experian will continue to tell you it's a potential negative factor, though.

fermi

Experian's "answer" here --> http://www.experian.co.uk/consumer/questions/askjames383.html

Experian_company_representative

Hi Rrushi Shqiptar,

I think the link Fermi has posted (thanks Fermi) pretty much covers everything, but just to clarify the negative and positive factors on your report are just for your reference only, and cannot be seen by lenders. They are just to give you an idea of what a lender would be likely to take into account when viewing your report.

Kind Regards
Neil

Rrushi_Shqiptar

Thank you all for the quick reply.