Multiple accounts shown on Experian

mark9660

I have recently obtained my first Experian credit check as I am trying to remember my mortgage providers and accounts (with a view to checking PPI). On my report for some lenders, rather than one account it shows 3 separate ones spanning a total of 9 months (i.e. one shown reported in August, one in the following January and finally one in May. I don't understand why this would be as we only had one mortgage. Can anyone help?

[Deleted User]

Is there only one account showing at a time?

If so, it probably relates to rate or product changes.

mark9660

So for example we had a mortgage with the Chelsea BS from 1998 (I think). There are 3 separate Joint Accounts showing in Experian (dated 16/8/98, 17/1/99, 23/5/99) which look identical but have a separate Experian identity code. It's virtually the same with Nationwide in 2005 and Barclay's in 2008, although some names are slightly different (e.g. the first 2 under Nationwide don't have a description (e.g. Joint Account) and the name of the bank in the last one is Nationwide Mortgages rather than Nationwide Building Society (MTG) in the first 2). Some lenders just have the one account showing (which is what I would have expected).

[Deleted User]

Is there only one live account showing at a time?

mark9660

Oh and for Barclays there are 2 shown on the same date, just with a slightly different name (Barclays Bank plc, Barclays).

mark9660

Yes, they each have a separate Experian entry code (e.g. L1, L2 etc.).

mark9660

They are shown under the Financial Associations section rather than my main report (because they were joint accounts with my wife).

[Deleted User]

Nothing to worry about then. Not the nearest way of showing it, but it's not a problem.

mark9660

So do you think they are really just one account?

[Deleted User]

Yes. .

PRAISETHESUN

Doesn't sound like any cause to be concerned. As there is only one active account at any one time listed on your file, then it accurately reflects your situation. The changes in names, etc are probably just differences in how the data was input into the system for submission to the CRAs.