Automated Computerised Credit Scoring


S

s c

Hi,

Looking through the Data Protection Act apparently you can require a
data controller to ensure that no decisions are made based solely on
the automatic processing of your personal data (Section 12 of the DPA
1998).

This should include banks not using computerised Credit Scoring to
decide what to do with your account.

Has anyone tried this - and if you did, did you have any luck (and did
any Bank give you a different answer when they didn't use automatic
computerised credit scoring?)

The problem I've got is that 1 of my credit files is great - they say
that I'm fine and give me a good credit rating. The other file says
that I'm terrible and that I'm a big risk and don't even think about
it. It's because I've got a personal loan registered on one file that
3 years ago I had a bit of bother with and I had to make a new
arrangement to pay. After 6 months, I'd sorted that out and I'm now
making higher payments back to them than the original agreements (so,
I'll actually clear the loan about 3 months early).

If I were to tell my bank not to use automated computerised credit
scoring, would that give me a better chance of them giving me more
credit/overdraft etc.

I'm going back to Uni next year and I'm concerned that they wont give
me a student account with the more flexible overdrafts than standard
current accounts.

Any thoughts?
 
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J

Jonathan Bryce

s said:
Looking through the Data Protection Act apparently you can require a
data controller to ensure that no decisions are made based solely on
the automatic processing of your personal data (Section 12 of the DPA
1998).

This should include banks not using computerised Credit Scoring to
decide what to do with your account.

Has anyone tried this - and if you did, did you have any luck (and did
any Bank give you a different answer when they didn't use automatic
computerised credit scoring?)
If the bank's computer decides you aren't a good credit risk, you can ask
the bank to reconsider the decision, and a human will look at the
application.
 
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A

Alex

Without a hint of irony, (e-mail address removed) (s c) astounded uk.finance on
05 Nov 2004 by announcing:
Hi,

Looking through the Data Protection Act apparently you can require a
data controller to ensure that no decisions are made based solely on
the automatic processing of your personal data (Section 12 of the DPA
1998).

This should include banks not using computerised Credit Scoring to
decide what to do with your account.

Has anyone tried this - and if you did, did you have any luck (and did
any Bank give you a different answer when they didn't use automatic
computerised credit scoring?)

The problem I've got is that 1 of my credit files is great - they say
that I'm fine and give me a good credit rating. The other file says
that I'm terrible and that I'm a big risk and don't even think about
it.
Correction. The files state the facts. It's the lenders themselves who
decide whether they even think about it or not.
It's because I've got a personal loan registered on one file that
3 years ago I had a bit of bother with and I had to make a new
arrangement to pay. After 6 months, I'd sorted that out and I'm now
making higher payments back to them than the original agreements (so,
I'll actually clear the loan about 3 months early).

If I were to tell my bank not to use automated computerised credit
scoring, would that give me a better chance of them giving me more
credit/overdraft etc.

I'm going back to Uni next year and I'm concerned that they wont give
me a student account with the more flexible overdrafts than standard
current accounts.

Any thoughts?
You can apply to add your own comments on your file. These must be taken
into account* by anybody viewing your file.

*Although when I worked at "a major bank" they were completely ignored.
 

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