Bank Account not on Credit Report

Candyapple

stclair wrote: »

Accounts opened prior to 2007 did not have the consent given to report to credit reference agencies.

How strange, I remember obtaining a copy of my credit report back in 2004 and seeing all my bank accounts / credit cards showing on Experian and Equifax that were opened circa 1999.

Fast forward to today, all my old bank/credit card accounts that were opened in the early 2000's and still live are all still showing on my credit files across all 3 agencies.

B0B

I have 4 bank accounts. Oldest HSBC from 1990, that my nation wide and TSB show. My Abbey national (Santander) does not, but I have had that from around 1990 as well

Only HSBC has an over draft

fermi

It's something that has come in over time, so the older they are without any new terms being agreed, the less likely they are to be reported.

The 2005-7 date quoted I think is more or less when it reached the point that most new accounts with most banks were routinely reported, or that there was a more general agreement between the CRAs and lenders reached.

As always, there are exceptions.

GingerBob_3

TakeItAsRed wrote: »

My bank accounts were also not on the credit reports as they were opened before 2007. I made a change to the account, upgraded it, to take advantage of mobile insurance and travel insurance. No credit was being offered but this triggered the account to be put onto the credit reference agencies database.

Yes, same thing happened with me, but I didn't know 'till after the event, and I was not happy about it. My view is that REAL borrowing should be on the CRA files about you, but other stuff shouldn't - utilities, phone contracts, car leasing, current accounts without o/d etc.. The more that's on there, the greater chance of errors that can knacker your ability to obtain further credit.

PaulW922

I am not sur the 2007 date is set in stone. Many banks reported before that date.