Which mortgage lenders only use Equifax?

jagger86

Which mortgage lenders only use Equifax to check credit?

There is a default showing on Experian and not on Equifax and we are at our wits end trying to get it removed from Experian (fraudulent payday loan)

amnblog

There are about half dozen - but what will you answer when the lender application asks if you have ever had a default.

jagger86

Hmmm didn't know they asked that. Someone on here previously said to check both credit reports, which we have now done and it's not on Equifax

jagger86

What if you have had a default but then the bank removed it. Do you still have to answer yes to that also? Because my partner had a default from the bank for an old account and we wrote and they removed it but now this other default for a payday loan which he never had is taking weeks to remove. The payday loan company are in America and they don't take direct calls.

All of this has stemmed from he moved house and never got any post hence never being aware of anything until recently

ACG

That may be why its not showing on equifax. If defaults are registered at linked addresses they do not always show on credit reports.

jagger86

Hi ACG, just check the old thread and it was you that suggested to check all credit reports.

What was the point in checking Equifax if we still have to declare defaults?

He only had one previous address and that is showing on there, you have to put it in to get the credit report. In fact we had to scan his current proof of address over to them as they thought he still lived at the old address, even though his bank etc has changed over

Jhoney_2

OH needs to contact the lender via equifax website explaining that it is fraudulent and proof can be supplied and that he would like all references to it removed etc. They will contact the lender to request consent to remove it and get back to you. When removed get a confirmation in writing.

Also add a notice of correction to the fraudulent account so your side of the issue is available to anyone looking at the account.

It should not take more than 10 days to resolve if done correctly - usually sooner.

Best of luck

ACG

Some lenders do not ask about CCJs/Defaults,
Some lenders will ask but dont really count it (or at least not to the same degree) if they can not see it.

As I said, find a decent broker and there could be a home for it.

We are in jobs for a reason and your trying to do what we do on a daily basis. Our knowledge doesnt come over night. Ive been doing it 2-3 years and im still learning.

ACG

Jhoney wrote: »

Also add a notice of correction to the fraudulent account so your side of the issue is available to anyone looking at the account.

I would suggest against adding a notice of correction.
A notice of correction will always ensure the lenders system trips up as it can not comprehend a message. Also underwriters tend to ignore them anyway as you could be lying.

Jhoney_2

ACG wrote: »

I would suggest against adding a notice of correction.
A notice of correction will always ensure the lenders system trips up as it can not comprehend a message. Also underwriters tend to ignore them anyway as you could be lying.

Fair enough, but I thought the default would trip it up anyway? Good to know though, thanks.

On the premise that the fraudulent entry would be removed, the notice should also disappear. I found a fraudulent one on checking my CRA recently and did as above. The notice then disappeared.

I was not in the process of getting approved for a mortgage though!

ACG

Default will get picked up, systems can determine the default amount, date of registration, satisfaction and will be taken into account - as its standardised information.