MSE News: Are you financially attractive?

MSE_LukeMSE_Luke MSE Staff
295 Posts
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MSE Staff
Test whether your credit history is good enough to turn lenders on...
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'Are you financially attractive?'
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  • [Deleted User][Deleted User]
    0 Posts
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    I recently had card rate taken down by a sub prime credit card company - I am not sure I am the tastiest proposal though!! :D

    An online retailer lets me pay 14 days after delivery now they have brought in Klarna! :) Which feels like a form of credit entrustment without the hassle and is a very big step forward in abolishing what may have caused credit needs? So I think it's amazing.
  • torbrextorbrex
    71.3K Posts
    10,000 Posts Combo Breaker Rampant Recycler Hung up my suit!
    Why is Martin so shocked that people don't check their credit file?

    There are people in the real world that have no need to borrow money, they live their lives in the true meaning of credit (positive balance), always pay their bills on time and possibly most important, don't care about their 'credit' score.
  • MABLEMABLE Forumite
    4K Posts
    Part of the Furniture 1,000 Posts
    I check mine on a regular basis and I noticed with Clearscore they had included an unauthorised search on my file. Apparently this was due to problem in their computer dept. After complaining I got £50 in compensation and £20 CIFAS registration. In my case it paid to check my report carefully.
  • GingerBob_3GingerBob_3 Forumite
    3.7K Posts
    I think the issue here is that the vast majority of people live in blissful ignorance of the existence of credit reports and the "industry" behind it. They only get to know when they apply for a mortgage, or if they are a victim of mal-reporting.
  • I can certainly attest to the importance of checking credit files regularly. This week I tried to get an AiP from my bank, having found a property I would like to offer on...although I checked my score a couple of years ago and everything was fine, when my mortgage advisor ran the necessary checks, he identified a problem with my credit file!
    I checked online with Experian and it looked perfect...but for the fact Bradford & Bingley/Mortgage Express had failed to close down my old mortgage account when they sold it to Chaconia Mortgages in May 2015. I sold this property in July 2015 and Chaconia mortgages closed their record with the necessary credit reference agencies.
    Experian advised to get in touch with Bradford & Bingley, who won’t do anything until they receive written confirmation from Chaconia Mortgages (whose administrator is Engage Credit) and won't ask for this themselves. I can't see what responsibility Chaconia Mortgages has to provide written confirmation when they were sold the mortgage outright? Surely Bradford & Bingley should have closed the mortgage when they sold it on to pay their debts?! (They obviously had to keep records on file for a certain amount of time, just in case this was needed by Chaconia Mortgages, but surely this shouldn’t have prevented them closing the mortgage?)
    Do I have any redress against B&B, since their error has adversely affected my credit rating/ impeded the purchase of a new property until they can rectify the status on my credit file?
  • Brooker_DaveBrooker_Dave Forumite
    5.2K Posts
    Perhaps if banks started jumping through hoops to get our business, rather than the other way around?

    It's not as if they've not had enough taxpayer handouts...
    "Love you Dave Brooker! x"

    "i sent a letter headded sales of god act 1979"
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