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The credit scores/etc aren't just for when you want to borrow money. I want to open a bank account and they are checked then too - ie I don't want to borrow anything, just get paid and withdraw money. Of course, there's a risk to them somewhere, which is why they're checking - presumably it is overdrafts or something like that; but it's certainly not me wanting any money, instead I just want the service of a bank account.
A couple of refusals caused me to check the report and there's something on my report about someone else - it won't tell me what or who because even to them it is clear it isn't me. So, now I have to figure out how to fix that error.
Of course, I'm assuming that is what the problem is. Like someone else here, I notice all the balances are wrong - most of them are zero, with only my credit card being different, at £3. Are those balances supposed to be accurate?0 -
davidmaxwaterman wrote: »The credit scores/etc aren't just for when you want to borrow money. I want to open a bank account and they are checked then too - ie I don't want to borrow anything, just get paid and withdraw money. Of course, there's a risk to them somewhere, which is why they're checking - presumably it is overdrafts or something like that; but it's certainly not me wanting any money, instead I just want the service of a bank account.
A couple of refusals caused me to check the report and there's something on my report about someone else - it won't tell me what or who because even to them it is clear it isn't me. So, now I have to figure out how to fix that error.
Of course, I'm assuming that is what the problem is. Like someone else here, I notice all the balances are wrong - most of them are zero, with only my credit card being different, at £3. Are those balances supposed to be accurate?
Everything is supposed to be accurate, but the CRAs don't do quality assurance, so it's a certainty that their databases will be riddled with errors.0 -
davidmaxwaterman wrote: »The credit scores/etc aren't just for when you want to borrow money. I want to open a bank account and they are checked then too - ie I don't want to borrow anything, just get paid and withdraw money. Of course, there's a risk to them somewhere, which is why they're checking - presumably it is overdrafts or something like that; but it's certainly not me wanting any money, instead I just want the service of a bank account.
The reports are checked yes but not the score, only you can see the score. I can bump up the score if you like if you forward me some biscuits eg Garibaldi, custard creams.0 -
My dad died 7 years ago, I just realised that he still appears as a financial association on my Mum's credit report. He always paid on time and his credit file at death would undoubtedly have been good. However will having someone who, presumably isn't showing any credit currently, be negatively impacting her credit score?0
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No as the scores and ratings are made up
If however she checks her files and sees a financial association in there with your dad then she would need to file a notice of disassociation with all 3 CRA’s0 -
I know the scores/ratings are made up. From what you are saying I can assume that when she is checked by a company for credit suitability his lack of current credit won't detriment her chances of getting it.0
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I know the scores/ratings are made up. From what you are saying I can assume that when she is checked by a company for credit suitability his lack of current credit won't detriment her chances of getting it.
I assume the financial association would be no more on the passing of your dad. Maybe speak to the credit ref agencies.
You say credit report, is it the same with all 3 agencies ?0 -
All I can say is under "Financial Associations" my Dad is listed. I've only checked with one agency but I would assume as they held a joint bank account that it would be the same for all three.0
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If the accounts are closed or he is removed from the accounts as a joint holder then you can request the financial associations be removed0
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Oh yes, I hadn't thought of that, clearly may brain isn't entirely engaged at the moment. Thank you.0
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