Interesting view on credit checking


J

John Bishop

I just changed my pay monthly back to t-mobile after a year with orange. Had
previously been a customer of one2one/t-mobile for many years.

Decided to sign up yesterday with their online service to check bills etc.
Answered some simple questions about me (DOB and name) plus address (house
number and postcode). Within a second, it came back saying that "according
to Experian, I took out a mortgage in xxxx 200x, can I advise who the lender
was?", plus another detailed question. It then gave me some banks to choose
from. Because of presumably a change of ownershipship of the bank, I
answered wrongly, and they said they would post my authorisation to the
account address.

I was amazed at this, it's never happened to me before. The fact that they
know who my mortgage is with, the amount and date is worrying. The fact that
a computer checked this in less than two seconds is more so.

Anybody else come across this?

John
 
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P

peter.king

John said:
Decided to sign up yesterday with their online service to check bills etc.
Answered some simple questions about me (DOB and name) plus address (house
number and postcode).
Basic information to confirm your identity, and also very easy to
obtain, hence the further details required.
Within a second, it came back saying that "according
to Experian, I took out a mortgage in xxxx 200x, can I advise who the lender
was?", plus another detailed question. It then gave me some banks to choose
from. Because of presumably a change of ownershipship of the bank, I
answered wrongly, and they said they would post my authorisation to the
account address.

I was amazed at this, it's never happened to me before. The fact that they
know who my mortgage is with, the amount and date is worrying.
Who your mortgage is with and the date is pretty much public
information.

Who you bank with, overdraft limits, balances etc. are all on your
credit file and will be available to any company with a agreement to
share credit account conduct information with Experian.

Its just a anti-fraud/identity theft measure.

Would you rather they carried out less checks as to your identity ?
Just be glad they didn't ask you to post in proof of ID!


Peter
 
A

Alex

Without a hint of irony, (e-mail address removed) astounded uk.finance on 25
Jan 2005 by announcing:
Who your mortgage is with and the date is pretty much public
information.

Who you bank with, overdraft limits, balances etc. are all on your
credit file and will be available to any company with a agreement to
share credit account conduct information with Experian.
They've changed it then. They used to only reveal the account type, payment
history and current balance.
 
T

Tim

Who you bank with, overdraft limits,
balances etc. are all on your credit file ...
I hold accounts with two different mainstream banks (I even have a credit
card with each).
Neither of Experian nor Equifax hold details on these accounts / credit
cards ...
 
C

Chris Blunt

I hold accounts with two different mainstream banks (I even have a credit
card with each).
Neither of Experian nor Equifax hold details on these accounts / credit
cards ...
As someone who lives outside the UK, I've noticed that credit card
companies don't report information to the credit reference agencies if
you live overseas.

So if you want to hide details of some accounts, change your address
to that of a friend abroad and that account will disappear off the
radar.

Chris
 
P

peter.king

Tim said:
I hold accounts with two different mainstream banks (I even have a credit
card with each).
Neither of Experian nor Equifax hold details on these accounts / credit
cards ...
You are completly right, the more traditional (eg. 'big four') banks
don't always report account conduct to the credit reference agencies.

I was only using bamk account as a example as the OP did, obviously if
there was no current account listen on your credit file then you would
be asked a question about one of your other credit commitments.

Peter
 
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D

Derek *

You are completly right, the more traditional (eg. 'big four') banks
don't always report account conduct to the credit reference agencies.
Remember long standing accounts might have been set up before the
disclosure clause was included in the bank's terms and conditions of
service on the application form.
 
J

John Bishop

Remember long standing accounts might have been set up before the
disclosure clause was included in the bank's terms and conditions of
service on the application form.
I am sure they would have changed this in the many leaflets they send out
with your statements, although they usually have so much small print on
them, it's impossible to spot. I usually file them beofre I spot anything
relevant.
 
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A

Alex

As someone who lives outside the UK, I've noticed that credit card
companies don't report information to the credit reference agencies if
you live overseas.

So if you want to hide details of some accounts, change your address
to that of a friend abroad and that account will disappear off the
radar.
But may well show up on CIFAS checks if you apply for another account at your
true address.
 

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