How long does a bank remember bad debt?

[Deleted User]

Does it really matter though?

You’ve been refused - surely it’s just time to move on?

eskbanker

Willing2Learn wrote: »

Interestingly, I made an application to RBS for their £150 switch incentive. This time there was a credit search (none for NatWest). The application did not fail on internal checks. This could imply that RBS either has a different policy on data retention, or they have failed to adhere to their own policy.

....or it could just be that NatWest haven't shared with RBS the data about your default. They are different banks, albeit within the same group, and the fact (or at least reasonable supposition) that they share some data (to prevent switchers benefiting from incentives with both banks) doesn't necessarily signify that they share everything. They may also have different scoring algorithms for account applications.

Thrugelmir

eskbanker wrote: »

They are different banks, albeit within the same group, and the fact (or at least reasonable supposition) that they share some data (to prevent switchers benefiting from incentives with both banks) doesn't necessarily signify that they share everything.

Being part of the same group. They will simply share a do not trade with list. No historic data will be maintained. Just enough to identify an individual. Black lists have been around long before credit checks.

[Deleted User]

John_G_Jones wrote: »

I find posts like this just bizarre. The sense of entitlement is so alien to me that it’s hard to know how this poster and me could ever communicate.

It’s like asking how many years after your babysitter assaulted your baby should you expect to hold it against them. If you have failed to honour your obligations with a person, company, or organisation then of course they can choose never to deal,with you again.

How many years after you cheated on your wife would it be before you told her that she was not allowed to remember it? Why on Earth do you imagine you can default on a company and demand that they disregard it?

Are you a politician by any chance? I wonder, because what you've done here, namely pick out just part of the discussion attributable to me, and then come to a conclusion about me based solely on it, is just how politicians operate. Try reading post #63 for a fuller picture and some suggestions which I think are perfectly reasonable.

Willing2Learn

!!! wrote: »

Does it really matter though?

You’ve been refused - surely it’s just time to move on?

I would love to move on - Every time I think I will, I get angered at the thought of having an indefinite ban on being a NatWest customer. It is not like I refused to honour the debt. If I had not paid the money back then I would consider being on a blacklist fair. But I am being treated no differently than someone who did not repay and who just let the debt go SB. Also, I never gave them permission to hold my personal data indefinitely.

EarthBoy

Willing2Learn wrote: »

I would love to move on - Every time I think I will, I get angered at the thought of having an indefinite ban on being a NatWest customer. It is not like I refused to honour the debt. If I had not paid the money back then I would consider being on a blacklist fair. But I am being treated no differently than someone who did not repay and who just let the debt go SB. Also, I never gave them permission to hold my personal data indefinitely.

As I've already said, you don't know for sure that you are on a blacklist, all you know for certain is that they won't open an account for you.

Even if you are on a blacklist, there's nothing you can do about it. Did you have any debts with any other banks, or any companies come to that? If so, then you might be on their blacklists too, for all you know.

And, as we've explained to you several times, they don't need your permission to hold your data indefinitely if they've got a genuine reason to do so.

John_G_Jones

johnsmith1890 wrote: »

Are you a politician by any chance? I wonder, because what you've done here, namely pick out just part of the discussion attributable to me, and then come to a conclusion about me based solely on it, is just how politicians operate. Try reading post #63 for a fuller picture and some suggestions which I think are perfectly reasonable.

Yes, you think that they are reasonable, I think that they display a sense of entitlement that I can’t get my head around.

As for the condescending suggestion that I read your post, I did, and think it foolish.

Nasqueron

Willing2Learn wrote: »

I would love to move on - Every time I think I will, I get angered at the thought of having an indefinite ban on being a NatWest customer. It is not like I refused to honour the debt. If I had not paid the money back then I would consider being on a blacklist fair. But I am being treated no differently than someone who did not repay and who just let the debt go SB. Also, I never gave them permission to hold my personal data indefinitely.

They don't need your permission.


They can delete all your data after 6 years while retaining a single entry in a database saying do not lend to person x which is nothing to do with you.


GDPR is not a magic wand to make companies forget people who they don't want to deal with. You cannot force someone to give you an account if they don't want to, that's a commercial decision they made and nothing to do with it being fair or not. End of story, move on.

[Deleted User]

You’re getting hung up over nothing.

I’m sure there’s much bigger things out there to worry about than whether you can be a customer of a bank that you don’t actually want to be a customer with anyway...??

System

Willing2Learn wrote: »

I would love to move on - Every time I think I will, I get angered at the thought of having an indefinite ban on being a NatWest customer. It is not like I refused to honour the debt. If I had not paid the money back then I would consider being on a blacklist fair. But I am being treated no differently than someone who did not repay and who just let the debt go SB. Also, I never gave them permission to hold my personal data indefinitely.

You made an agreement and failed to keep it - whilst you made good eventually, they have the right to keep a list of people they don't wish to do business in the future.

Provided the data retention is proportional, it's almost certainly fair.