Cash account being reported on credit file

Brooker_Dave

tenchy wrote: »

Just wondering why the type of account described by the OP, which has no credit facility and cannot go into debit, should be reported to the credit reference bureaus? What purpose does it serve to do so?

The "credit" blacklists have long ceased to be about credit, just plane old blacklists, hopefully GDPR and the right to be forgotten will put these parasites out of business.

msallen

Brooker_Dave wrote: »

The "credit" blacklists have long ceased to be about credit, just plane old blacklists, hopefully GDPR and the right to be forgotten will put these parasites out of business.

Drivel. Credit blacklists do not exist, and have never done so.

An individual bank may blacklist you from any future use of their own products but that information is not shared with other competitor banks.

antrobus

molerat wrote: »

Any change to your credit report, good or bad, seems to have a detrimental effect on the score. Once you start getting green ticks against that account your random score will increase. More importantly those green ticks will increase your "good credit" standing.

I'd second that.

I had an Experian score of 900+.

Then over a period of about six months, I opened four new bank accounts and got two new credit cards. My score dropped over 100 points.

Now my Experian score is back up at 950 ish and higher than it was before.

Oh yes, and all four of those bank accounts are on my credit report, but none of them have an overdraft facility.

AgentJR wrote: »

...Any advice would be appreciated please....

Don't fret about it.

Your credit score is just a number. It's what's on your report that really matters.

antrobus

Brooker_Dave wrote: »

The "credit" blacklists have long ceased to be about credit, just plane old blacklists, hopefully GDPR and the right to be forgotten will put these parasites out of business.

I'm intrigued.

Who are the parasites who maintain these blacklists?

How will the GDPR put them out of business?

Brooker_Dave

antrobus wrote: »

I'm intrigued.

I can imagine.

antrobus wrote: »

Who are the parasites who maintain these blacklists?

Experian, call credit etc

antrobus wrote: »

How will the GDPR put them out of business?

Because right now peoples lives are being blighted by unregulated blacklists of undesirable citizens.

On the off chance the regulators at the ICO grow a pair, some of the more questionable practices of said blacklists will become harder.

Brooker_Dave

msallen wrote: »

Drivel. Credit blacklists do not exist, and have never done so.

An individual bank may blacklist you from any future use of their own products but that information is not shared with other competitor banks.

It's on the blacklists, have a fallout with a utility, landlord or financial institution and you end up on a blacklist, and thus unable to access the services of a competitor.

[Deleted User]

Drivel.

Unable to access services of a competitor?

Where did you hear that?

There are no blacklists. The CRA'S are not backlists.

takman

Brooker_Dave wrote: »

It's on the blacklists, have a fallout with a utility, landlord or financial institution and you end up on a blacklist, and thus unable to access the services of a competitor.

I don't know what you are trying to achieve by posting this nonsense again and again on this forum. You have obviously had problems in the past and have been unable to sort them out due to your refusal to understand how the CRA's actually work.

In a previous thread you were unable to reply to this part of my post:

takman wrote: »

I have a history of good credit management so I'm able to get all the latest deals of 0% credit cards and cashback cards which make me a good amount of money.

So that's means a "CRA Blacklist" allows me to get credit easily. If you knew what a blacklist was you would understand what a big contradiction that was.

So what's your reply to that then?

antrobus

Brooker_Dave wrote: »

Experian, call credit etc

You are mistaken. They do not maintain blacklists.

Brooker_Dave wrote: »

Because right now peoples lives are being blighted by unregulated blacklists of undesirable citizens.

If by this you mean that citizens with late payments, defaults, and CCJs etc find their " lives are being blighted" by difficulties in obtaining further credit, well yes, that's the whole bleeping point.

And a good thing to.

Brooker_Dave wrote: »

...On the off chance the regulators at the ICO grow a pair, some of the more questionable practices of said blacklists will become harder.

On the rock roaring certainty that no such blacklists exist, I would suggest that these "questionable practices" exist only in you own imagination.

Brooker_Dave

!!! wrote: »

Drivel.

Unable to access services of a competitor?

Where did you hear that?

So if you have a falling out with a bank or utility and find yourself on one of the credit blacklists, you can just get the same service else where on normal terms?