Credit Score Companies

Nickh

Hi,

Does anyone out there know if I can prevent my bank and credit card company from sharing my financial data with 3rd parties e.g. Experian ?

I was wondering if the new GDPR regulations has an effect on this flow of information.

Thanks,

Nick

binaryuniverse

Do you think you'll never need/want a credit card/loan/mortgage ever again, in your life? If you do, then you'll need this data to be shared to the CRAs.

I would recommend reading this.
https://www.callcredit.co.uk/crain#CANIOBJECTTOTHEUSEOFMYPERSONALDATA

So it's unlikely you'll get anywhere. Then it's up to you to fight it in the courts.

Carrot007

Nickh wrote: »

Hi,

Does anyone out there know if I can prevent my bank and credit card company from sharing my financial data with 3rd parties e.g. Experian ?

I was wondering if the new GDPR regulations has an effect on this flow of information.

Thanks,

Nick

You could close all your accounts and wait 6 years and never use a product that REQUIRES credit history notification (hint all of them) again.


No GDPR changes nothing.


Do let us know how you get on.

madvicker

Nope, you can't stop it. Under GDPR they have a legitimate interest to share your details, so they are well within the law.

[Deleted User]

No. They are required to share this information

Nickh

That's answered that question then . . . thanks for the quick replies.

Nick

sparkey1

You gave consent when you agreed the T&Cs.