We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Lenders mis-use of credit scoring process

potatoefeet66 · 2022-02-16 05:39:09

Existing mortgage customer. initial assessments to make simultaneous reduction upon porting. formal application submitted and declined. notified in a bank correspondence decline due to failing credit scoring. That sounds all fair and above board until you find via data and privacy that lenders application recorded a good…

Options

Comments

MWT Posts: 10,273 Forumite

22 February 2022 at 6:29PM

potatoefeet66 said:

Since case was closed 4hours after a hard credit search I was blocked from access to underwriting.... effectively the bank were also prevented from making any commercial decision.

It sounds like that was their commercial decision, everything doesn't have to go to underwriting.

... but lets see what comes from the complaint.

0

★ ★ ★ Meet your Ambassadors

Confirm your email address to Create Threads and Reply

MSE News

British Airways passenger? Book and travel using your old Covid vouchers NOW – or lose them
If you had a British Airways (BA) flight or holiday disrupted by the Covid-19 pandemic, check if you've got an old voucher as millions of pounds' worth are still unclaimed. You'll need to use it to travel before the end of September 2025 – or risk losing it. Below we explain how to search for unused vouchers and how to use them.

View All

Lenders mis-use of credit scoring process

Comments

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free