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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…

Comments

MWT Posts: 10,335 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.

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