How long do credit card companies keep records for?

GingerBob_3

Nasqueron wrote: »

Why not? It's a business, they are allowed, so long as it's not say discriminating based on race or sex, to deal with who they want. Forcing a lender to give money to someone who has not repaid their debts is nonsense, neither you nor I would lend money to a friend who had taken money in the past and not repaid it.

I already told you why not in post #19.

SuperAllyB

GingerBob wrote: »

I already told you why not in post #19.

And what's to say that every 18 year old defaulter will be reformed by the age of 80? Financial businesses should have every right to keep information on past clients so that they can make informed decisions on any future applications.

You really need to learn to think carefully before sitting down at your keyboard and posting so much drivel!

GingerBob_3

SuperAllyB wrote: »

And what's to say that every 18 year old defaulter will be reformed by the age of 80? Financial businesses should have every right to keep information on past clients so that they can make informed decisions on any future applications.

You really need to learn to think carefully before sitting down at your keyboard and posting so much drivel!

I'm afraid you're the one writing the drivel, big style. The financial providers can access credit reports to ascertain the credit worthiness of a potential customer. After all, that's what credit reports are for, aren't they?


Sorry - got to add this - just noticed you used the phrase "informed decision" with the suggested example of an 80 year old being denied credit as a result of a blacklist showing unfavourable information from 62 years previously. LOL!!!!!!

Shakin_Steve

I defaulted on two cards in the mid nineties, I've got them again now, so the period is definitely finite.

SuperAllyB

GingerBob wrote: »

I'm afraid you're the one writing the drivel, big style. The financial providers can access credit reports to ascertain the credit worthiness of a potential customer. After all, that's what credit reports are for, aren't they?


Sorry - got to add this - just noticed you used the phrase "informed decision" with the suggested example of an 80 year old being denied credit as a result of a blacklist showing unfavourable information from 62 years previously. LOL!!!!!!

If you ever loaned me money and I didn't pay it back then I would expect you to remember and never lend me money again. Why should banks etc be any different?

GingerBob_3

SuperAllyB wrote: »

If you ever loaned me money and I didn't pay it back then I would expect you to remember and never lend me money again. Why should banks etc be any different?

Because they're 'regulated' institutions, not private individuals.

Vortigern

Armorica wrote: »

ICO have around 440 staff, this is not an army of compliance officers.

The army to which I referred is working in the banks, utilities and other data users; not just the ICO.

A4445

I defaulted on a Barclaycard in 2009. I was able to get a Barclaycard inital in 2015 no issues, it was upgraded to the freedom rewards card after 6m.

I twice applied for a platinum card and both times was sent a letter saying I wasn't eligible, due to already having a card and for breaking Ts&Cs on a pervious account. No credit checks were done.

I tried again last week and I was expecting the same letter, but a card popped through the door today. The only difference in this application I didn't put my middle name on the application as it said optional. Unless they have changed there criteria?

jonesMUFCforever

A4445 wrote: »

I defaulted on a Barclaycard in 2009. I was able to get a Barclaycard inital in 2015 no issues, it was upgraded to the freedom rewards card after 6m.

I twice applied for a platinum card and both times was sent a letter saying I wasn't eligible, due to already having a card and for breaking Ts&Cs on a pervious account. No credit checks were done.

I tried again last week and I was expecting the same letter, but a card popped through the door today. The only difference in this application I didn't put my middle name on the application as it said optional. Unless they have changed there criteria?

I am not saying you did it intentionally but you may have found a way around their old records
Now don't mess it up again!

Shakin_Steve

A4445 wrote: »

I defaulted on a Barclaycard in 2009. I was able to get a Barclaycard inital in 2015 no issues, it was upgraded to the freedom rewards card after 6m.

I twice applied for a platinum card and both times was sent a letter saying I wasn't eligible, due to already having a card and for breaking Ts&Cs on a pervious account. No credit checks were done.

I tried again last week and I was expecting the same letter, but a card popped through the door today. The only difference in this application I didn't put my middle name on the application as it said optional. Unless they have changed there criteria?

I'm not surprised they wouldn't give you a card. I wouldn't if you had a pervious account with me.