Career development loan not on credit file info needed?

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GBbusines
GBbusines Posts: 12 Forumite
in Loans
I was speaking to the woman in the Co-operative bank and she said its illegal for government backed loans (which career development loans are) to appear on your credit file.

Can anyone send me links to the relevant laws about Government Backed loans appearing on credit files please?

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  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
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    Everything I can see in a 30 second google check is that a poor credit history could stop you getting a CDL
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
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    Student loans appear on your credit files and they are government backed?
  • GBbusines
    GBbusines Posts: 12 Forumite
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    Why can Government backed loans appear on credit file? The woman on the phone said CDLs are not allowed on because they are government backed but we never asked the laws behind why.
  • nick74
    nick74 Posts: 829 Forumite
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    The woman from the Co-Operative bank was wrong. Government backed loans can and do appear on credit files. There is no law against this.

    Co-Operative bank may choose not to report government backed loans to CRAs, but that's up to them.
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
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    GBbusines wrote: »
    Why can Government backed loans appear on credit file? The woman on the phone said CDLs are not allowed on because they are government backed but we never asked the laws behind why.

    A loan is a loan is aloan.
    Up to the lender whether they report it to the CRA's or not.
    There is no law either way.
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