can lenders see closed accounts

enfield_freddy

can lenders see closed accounts?


odd ones there from the likes of Wonga and provident , providents are sorted but the Wonga was written off

rizla_king

If you can see them on your report so can they. If you cant they cant.

enfield_freddy

confusing , expedian say differently


http://www.experian.co.uk/consumer/questions/askjames248.html


there are two sides to this. The credit report you see is more comprehensive than the one lenders look at (with your permission of course) because only you see the actual names of your current and past lenders. You also see a record of all the searches of your report, regardless of the reason, whereas lenders usually only see searches carried out for credit-granting purposes

rizla_king

Lenders do see the accounts if you see them. Just not who the lender was.

enfield_freddy

rizla_king wrote: »

Lenders do see the accounts if you see them. Just not who the lender was.

sorry not with you there/ does it just say


lender (no name) £x start date xxx finish date xxxx


lender (no name) £x start date xxx finish date xxxx


lender (no name) £x start date xxx finish date xxxx


lender (no name) £x start date xxx finish date xxxx


lender (no name) £x start date xxx finish date xxxx

GingerBob_3

enfield_freddy wrote: »

confusing , expedian say differently


http://www.experian.co.uk/consumer/questions/askjames248.html


there are two sides to this. The credit report you see is more comprehensive than the one lenders look at (with your permission of course) because only you see the actual names of your current and past lenders. You also see a record of all the searches of your report, regardless of the reason, whereas lenders usually only see searches carried out for credit-granting purposes

Only partly true. Lenders do need your (forced) permission, but many other organisations don't.

rizla_king

Doesn't mention lender. Just tells them what type of account it was.

exmple from Equifax

GingerBob_3

rizla_king wrote: »

Doesn't mention lender. Just tells them what type of account it was.

I might be wrong on this, but I think the CRAs now classify the likes of Wonga such that a potential lender knows you've been dealing with a payday lender. For example, while a mobile phone operator will be classified as "Communications provider" or words to that effect, Wonga etc. will be classified as "Loan shark" or words to that effect - just to make things that little bit more awkward for you.

rizla_king

Yes on Callcredit at least I know that is so.

Short term lending is one way they put it.

[Deleted User]

Only 2 out of 10 will qualify for a payday/short term loan so we could now see the rise of a real loan shark if you don't mind, forget awkward.