How long do credit card companies keep records for?

Nathanstevens1984

Hello people!

I recently did an eligibility check that came back at 95% likely to be offered a barclaycard. Unfortunately I was declined, which I get, as 5 in 100 with my circumstances will get declined, however; I was declined not because of my credit score, but because I have had a barclaycard in the past (13 years ago) in which I broke the terms and conditions i.e I defaulted.

This lead me to wonder, as the above has fallen off my credit file now and my score (I know it is only a guide) has more than doubled, how long would companies keep records for and would I expect to never be offered a barclaycard again?

Thanks for taking the time to read and reply (if you do).

DCFC79

Nathanstevens1984 wrote: »

Hello people!

I recently did an eligibility check that came back at 95% likely to be offered a barclaycard. Unfortunately I was declined, which I get, as 5 in 100 with my circumstances will get declined, however; I was declined not because of my credit score, but because I have had a barclaycard in the past (13 years ago) in which I broke the terms and conditions i.e I defaulted.

This lead me to wonder, as the above has fallen off my credit file now and my score (I know it is only a guide) has more than doubled, how long would companies keep records for and would I expect to never be offered a barclaycard again?

Thanks for taking the time to read and reply (if you do).

You cant be rejected because of your score as only you can see it.

Credit card companies can keep records for as long as they like, each 1 will keep them for varying periods of time.

TadleyBaggie

Apparently Barclaycard have records going back to the last century perhaps:https://forums.moneysavingexpert.com/discussion/5593161

Nathanstevens1984

Thanks guys, looks like I'll give them a miss. Might dig out my old statements to see if I had PPI ��

john2054

I think as a general rule of thumb, defaults expire after 6 years. But that being said, if you got a black mark on your Barclays file, that could well be for an indefinite period of time. Perhaps it is best seeing which other banks might offer you a credit card, or maybe a credit building card?

Emma3535

I had a similar experience myself applied for a barclaycard was declined due to me previously breaking their terms however in December I was accepted only for £1200 though. So they can be forgiving:j

Vortigern

Doesn't the Data Protection Act prohibit companies from keeping data for extended periods?

Arleen

Vortigern wrote: »

Doesn't the Data Protection Act prohibit companies from keeping data for extended periods?

Nope, it prevents them from keeping them longer than necessary. Business record of previous performance with credit products seems like something fair to keep as long as the person is alive to prevent future incidents and protect the business.

blink18

legally and for tax purposes etc they have to keep records for 6 years, they can of course keep an internal record for however long they want, and they should, to stop people doing exactly what you have done.

Vortigern

Arleen wrote: »

Nope, it prevents them from keeping them longer than necessary. Business record of previous performance with credit products seems like something fair to keep as long as the person is alive to prevent future incidents and protect the business.

"Longer than necessary" is sufficiently vague to make that part of the DPA rather useless.

blink18 wrote: »

legally and for tax purposes etc they have to keep records for 6 years, they can of course keep an internal record for however long they want, and they should, to stop people doing exactly what you have done.

What do you suppose I have done? I have read never defaulted on a debt. I am not the OP or the subject of this thread. I demand an apology!

Nasqueron

Nathanstevens1984 wrote: »

Thanks guys, looks like I'll give them a miss. Might dig out my old statements to see if I had PPI ��

PPI complaint can be offset against any money you didn't pay when you defaulted

Just to echo the above, a company can have a black list of bad customers if they want to, they're a commercial operation not a charity and if you burned them before they have no reason to give you another chance