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CMC can go back 30 years

Hi,
I have recently been contacted by a CMC touting for my business. I would rather do it myself than give them 30% of any claim I may have. However they informed me that banks records only go back 10 years but they can go back 30 years. Is this true?

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,383 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    No. .
  • amersall
    amersall Posts: 17,037 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Total Boll*cks :D.
  • dunstonh
    dunstonh Posts: 120,936 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    wever they informed me that banks records only go back 10 years but they can go back 30 years. Is this true?

    No. its a bunch of lies.

    Your data is not in the public domain. So, only you or your lender have details. A CMC cannot magic up data that does not exist. Some banks have longer histories held than others. So, that is what it comes down to. Not whether a CMC is involved or not.

    Dont get missold by a CMC.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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