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Car Finance Checkers
I've had a couple of car finance agreements in the past, one of which I have already filled out a claim form for reclaiming car finance from 2018. However, I cannot remember or find details of one I had before this one. It would have been around 2012.
I have installed the Equifax, Experian and Transunion apps, and not one of them even shows information of any of the car finance agreements I have had in the past.
Are there any other places I can try to find this information?
Comments
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HHi I have used the template to complain however it is for PCF bank and the e mail address is invalid. I believe they are going through liquidation. Does anyone know an alternative e mail address to use. Thanks in advance
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Your personal finance information is not public, nobody has this information (the claims management types just lie about it). Firms have been told to contact eligible people directly, just wait
Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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My wife had a car finance agreement in approx 2008. However, although downloading the free equifax checker she can only go back to 2017 despite publicity saying searches can go back to 2007. Any ideas?
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They are only looking at data on your credit history which is typically deleted after 6 years hence 3 year PCP, 6 years after = 2026 = deleted per ICO rules. They cannot see older records.
Please understand, particularly before you consider a third party:
There is no central database of car finance deals. Claims firms are lying about having this data.
Wait for the firm to contact you per FCA rules, if affected you must be contacted and invited to complain
Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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My wife had a car finance agreement in approx 2008. However, although downloading the free equifax checker she can only go back to 2017 despite publicity saying searches can go back to 2007. Any ideas?
Where have Equifax said they can go back to 2007?
Motor finance claims can go back to 6 April 2007 because that is when section 140A of the Consumer Credit Act (the “unfair relationship” rules) came into force. However, Equifax is unlikely to show data going back to 2007, as credit-file entries usually drop off after around six years under standard credit‑reference and data protection practices.
The 2007 date is about how far back you can claim, not how far back Equifax can show on your credit file.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
To be fair MSE says that
Credit reference agency Equifax has launched a free Car finance checker app tool, with info on all the car finance records reported to it since 2007 (which will be most, but not all, firms' policies), including info on any joint agreements. To get it, you'll need to sign up to its free basic Equifax account. The tool will tell you, among other things:
Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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Interesting that Equifax are doing that. Whilst it may benefit some consumers, you do have to ask what Equifax is doing with data that can go back that far whilst still being compliant with the Data Protection regs.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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