Fairscore (T/A as Updraft)

Superhoopza

Had a loan with them opened in October, they didn't report it to any CRA so I was thinking they weren't going to. Then I check my live Transunion report and see it has been added today. Presumably it will now appear on the next version of my Equifax report. It's just frustrating it's taken so long as I was working and seemingly appearing to get close to some 0% deals which would have helped reduce the overall interest I'm paying. This is going to be knocked back now with more loans and more overall debt on my credit files.

Anyone else have any experience with them and reporting to CRAs?

Nasqueron

Superhoopza said:

Had a loan with them opened in October, they didn't report it to any CRA so I was thinking they weren't going to. Then I check my live Transunion report and see it has been added today. Presumably it will now appear on the next version of my Equifax report. It's just frustrating it's taken so long as I was working and seemingly appearing to get close to some 0% deals which would have helped reduce the overall interest I'm paying. This is going to be knocked back now with more loans and more overall debt on my credit files.

Anyone else have any experience with them and reporting to CRAs?

What are you trying to achieve? 

You took out a loan, it's on your credit report, who they report to is their decision, it may be TransUnion, maybe Equifax and Experian as well. They have a duty to report a correct and accurate history to your credit file, perhaps it just took a while to process. They won't remove it if that's what you are asking.

Superhoopza

Nasqueron said:

Superhoopza said:

Had a loan with them opened in October, they didn't report it to any CRA so I was thinking they weren't going to. Then I check my live Transunion report and see it has been added today. Presumably it will now appear on the next version of my Equifax report. It's just frustrating it's taken so long as I was working and seemingly appearing to get close to some 0% deals which would have helped reduce the overall interest I'm paying. This is going to be knocked back now with more loans and more overall debt on my credit files.

Anyone else have any experience with them and reporting to CRAs?

What are you trying to achieve? 
You took out a loan, it's on your credit report, who they report to is their decision, it may be TransUnion, maybe Equifax and Experian as well. They have a duty to report a correct and accurate history to your credit file, perhaps it just took a while to process. They won't remove it if that's what you are asking.

It's a forum, I'm starting a discussion on a topic. No I am not asking them to remove it, I am asking if other people had any experience of this company taking over 6 months to report to CRAs.

If you have not got anything useful to post on a reply, please refrain from doing so, as it deters others from engaging in the conversation.

What are people's experiences of Updraft?

ChillyP

I regret ever using them, I find that their whole systems are chaotic. You can never get hold of anyone etc . 

Superhoopza

Yeah very slow responses from them, high rates and have charged me once a loan fee on top of the interest (I'm an idiot for agreeing to it).

They market themselves as helping people pay off higher interest cards and overdrafts but they are just a glorified company who lend to those more risky customers and charge them a pretty penny for doing so.