Donating and credit report

pupgrum

Do lenders take notice if someone has a direct debit set up donating to charity? Does it get you any browny points? Or do lenders not care? And does it look good if I set up 10 different direct debit payments, 5 on each current account, paying £1 a month to various charity? I get a lot of green gems that way.

[Deleted User]

It makes no difference that it is a charity. Individual transactions aren't shown on your credit file.

pupgrum

My direct debit for mobile phone shows up as green gems on my credit report. Can't the lender see who the direct debit is set up with and see all those green gems?

[Deleted User]

That's because your phone is a credit contract. A DD to a charity is just a payment from your bank account.

dresdendave

Your credit file is about your ability to manage your finances, nothing to do with your moral character.


From a financial perspective a payment made to the RNLI is no different than paying your subs to the Baader Meinhof fan club.

GingerBob_3

The raison d'etre of a credit file is to hold potentially incriminating financial data against you. Hence charitable donations don't figure in it. Only debts and their payment history appear; a loose description and not 100% accurate, but adequate here. Asset information does not (yet) appear. Having said that, I read somewhere that Equifax scurrilously drag in your property value from the land registry, but I'm not 100% certain on that.