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what information should be asked for if you apply for finance?
plantswoman
Posts: 1 Newbie
in Credit cards
Applying for finance for a boiler:247staywarm wanted my bank account sort code and account number to pass on to the finance company.I refused. Checked my score on Experian free check- they wanted to know a credit card company and two bank accounts - both using multiple choice questions. NO numbers asked for.
I am very risk averse since I was badly financially scammed. Must I accept that either I freeze or give in and cough up my bank numbers?
I am very risk averse since I was badly financially scammed. Must I accept that either I freeze or give in and cough up my bank numbers?
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Comments
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They want your sort code and account number to set up a Direct Debit msot likely.
It's not an unreasonable request.
You do know that your sort code and account number is printed on every cheque in your chequebook? It's not a state secret.3 -
plantswoman said:Must I accept that either I freeze or give in and cough up my bank numbers?No, the other option is to pay for the boiler outright.If you want to apply for credit, then bank account details are a pretty standard thing that they ask for. As well as providing part of an identity verification, they are commonly used - as stated by the previous poster - to set up a direct debit to collect the repayments.2
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I agree with the others commenting. Giving your sort code and account number is quite a standard requirement nowadays. Even for my eBay account. . . nobody can get your money with just those two pieces of information. Well, so far they haven't got at mine, anyway.
If you want the finance (after all, it's their money and all lenders have to be careful) you just have to jump through a few hoops. Cough up your bank numbers, you will benefit in the end.
Please note - taken from the Forum Rules and amended for my own personal use (with thanks) : It is up to you to investigate, check, double-check and check yet again before you make any decisions or take any action based on any information you glean from any of my posts. Although I do carry out careful research before posting and never intend to mislead or supply out-of-date or incorrect information, please do not rely 100% on what you are reading. Verify everything in order to protect yourself as you are responsible for any action you consequently take.1 -
This is becoming common now. Good chance that a fraudster will not know all these details.plantswoman said:Applying for finance for a boiler:247staywarm wanted my bank account sort code and account number to pass on to the finance company.I refused. Checked my score on Experian free check- they wanted to know a credit card company and two bank accounts - both using multiple choice questions. NO numbers asked for.
I am very risk averse since I was badly financially scammed. Must I accept that either I freeze or give in and cough up my bank numbers?
I have taken to noting all these details. As they are easily lost in the fog of time.Life in the slow lane1
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