Cifas

Ed-1

A friend of mine has been getting a few surprise declines for current accounts recently after normally being accepted with no problems. These came after one bank decided to close his accounts down. He has checked his credit file with CallCredit and Noddle and there are no CIFAS warnings shown. I was just wondering if it is possible to have a CIFAS warning regsitered on just one CRA or would it show on them all?

Archi_Bald

Ed-1 wrote: »

A friend of mine has been getting a few surprise declines for current accounts recently after normally being accepted with no problems. These came after one bank decided to close her accounts down. He has checked his credit file with CallCredit and Noddle and there are no CIFAS warnings shown. I was just wondering if it is possible to have a CIFAS warning regsitered on just one CRA or would it show on them all?

Boy? Girl? If your friend isn't sure about that, this could be the reason for having applications rejected. Not discrimination, just discrepancy of personal data, and lenders might not be able to find the person electronically.

starM

Not all CIFAS will appear on CRA. Complete SAR requested to CIFAS. It will cost £10.

YorkshireBoy

It's possible that one or more of the Fraud Prevention Agencies (eg NHunter, Experian Decision Analytics, Synectics Solutions) may have highlighted irregular information supplied from your her his (;)) recent applications (maybe salary discrepancy...or including student loans as income on some applications and not on others for example?).

They may not have enough 'proof' to warrant a category 3 or 4 CIFAS marker*, but have simply set an internal flag and its this flag that is being shared with the lenders outside the scope of CIFAS and the CRAs.

In short, you she he may need to SAR at least 4 organisations, not including the 3 CRAs. It's going to be costly!


* From memory these are 'material falsehood: facility accepted' and 'material falsehood: facility denied'

Ed-1

YorkshireBoy wrote: »

It's possible that one or more of the Fraud Prevention Agencies (eg NHunter, Experian Decision Analytics, Synectics Solutions) may have highlighted irregular information supplied from your her his (;)) recent applications (maybe salary discrepancy...or including student loans as income on some applications and not on others for example?).

They may not have enough 'proof' to warrant a category 3 or 4 CIFAS marker*, but have simply set an internal flag and its this flag that is being shared with the lenders outside the scope of CIFAS and the CRAs.

In short, you she he may need to SAR at least 4 organisations, not including the 3 CRAs. It's going to be costly!


* From memory these are 'material falsehood: facility accepted' and 'material falsehood: facility denied'

This is why I'm interested in learning more about these things. I'm treading carefully for obvious reasons.

With regards to him , there is no marker on the credit files he has checked. Is it possible to have a marker registered with a FPA that does not show on a CRF?

colsten

Ed-1 wrote: »

Is it possible to have a marker registered with a FPA that does not show on a CRF?

Yes. Data held on National Hunter, for instance, doesn't show on CRA files.

gunsandbanjos

YorkshireBoy wrote: »

It's possible that one or more of the Fraud Prevention Agencies (eg NHunter, Experian Decision Analytics, Synectics Solutions) may have highlighted irregular information supplied from your her his (;)) recent applications (maybe salary discrepancy...or including student loans as income on some applications and not on others for example?).

They may not have enough 'proof' to warrant a category 3 or 4 CIFAS marker*

* From memory these are 'material falsehood: facility accepted' and 'material falsehood: facility denied'

Your memory serves you well!

Absolutely there may be information shared that is not reported to CRAs so your friend will not see it on their file but is available to lenders via one or more of the above mentioned agencies.