Who does HSBC Report to?

Rosylee

I have a Noddle account and my HSBC data is very out of date, i.e. Mortgage, loan and credit card information. Last updated 30.09.2015, had my new report a couple of days ago. I spoke with HSBC a couple of weeks ago and they assured me that they send details to the CRA monthly, so I wondered if HSBC perhaps does not update all three agencies. Does anyone know if this is the case and if so which one d they use.

On an aside, just an opinion, it would be so much easier if there was just one central credit agency instead of 3 and everyone reported to just that one. What is the point of having more than one and then only giving a half baked picture of your credit history. Of course that must be too logical and probably unprofitable! They could charge the lenders a fee to use it, but no doubt the lender will pass the expense onto the consumer.

chrisy

HSBC uses Call Credit, Experian and Equifax.

meer53

Of course that must be too logical and probably unprofitable! They could charge the lenders a fee to use it, but no doubt the lender will pass the expense onto the consumer.

I don't understand this ? Who would charge who ? No-one forces you to pay to check a credit score. They're not worth the paper they're written on anyway.

Thrugelmir

meer53 wrote: »

They could charge the lenders a fee to use it, but no doubt the lender will pass the expense onto the consumer.

??? Business pays already.