Guest rimotu66 Posted December 29, 2009 Report Share Posted December 29, 2009 I wanted to re-mortgage last year but got knocked back as I have a CCJ against me, I decided to get it all cleared up so (on advice) I subscribed to Experian to find out what depts etc I had . Ever since doing that I have had approx 30 junk emails per week from all sorts of companys offering there debt clearance services, credit card offers, loan offers, pre-wage cheque clearance offers etc etc It got me thinking that Experian have sold my details on ....anyone else had the same problem? Quote Link to comment Share on other sites More sharing options...
fletcher1234565 Posted December 29, 2009 Report Share Posted December 29, 2009 Joined the missus a couple of months ago for the 30 day free trial. Cheeky ba*****s automatically signed us up and have charged 2 months subscription. Should have read the small print Quote Link to comment Share on other sites More sharing options...
philm Posted December 29, 2009 Report Share Posted December 29, 2009 I joined 18 months ago, never had any problems. It takes 6 years from settlement for any thing to be removed off the reports unless the lender is at fault. Quote Link to comment Share on other sites More sharing options...
leeds chimp Posted December 29, 2009 Report Share Posted December 29, 2009 not had a problem as it helped me get the mortgage i wanted and needed Quote Link to comment Share on other sites More sharing options...
RC45 Posted December 29, 2009 Report Share Posted December 29, 2009 This credit rating lark is all a big con! Phil Quote Link to comment Share on other sites More sharing options...
miniwizard Posted December 29, 2009 Report Share Posted December 29, 2009 its not a con,it is however an american idea,but all creditors use it,you wont get credit unless you have good credit Quote Link to comment Share on other sites More sharing options...
RC45 Posted December 29, 2009 Report Share Posted December 29, 2009 And if you are not a regular user of the credit system, you may find it difficult to get a lender to trust you. I note Mr Brown is going to regulate these agencies, because of consumer complaints. Phil Quote Link to comment Share on other sites More sharing options...
FinFerNan Posted December 29, 2009 Report Share Posted December 29, 2009 The idea of "credit ratings" have been around for hundreds of years, it's certainly not an American idea. However the use of computer based information for the purpose may well be. The problem is, credit ratings are often based on whimsical probabilities and to some extent on fear, often therefore they are neither fair or sensible. For example your postcode can affect your rating. As many will know, your property address may have old records against the previous owner; getting divorced will seriously affect your rating as will changing jobs and so on. This is where companies like Experian may be able to help, they can help clear the mis-understandings and clear up your records. But you need to fully understand their offer and read the "small print" Of more interest however is the risk, all activity on your credit history may be viewed with some suspicion. For example, just getting a few quotes for a loan can put an alert on your record. The assumption being that you're trying to get a number of loans set up rather than just looking for the best deal! The real problem is the lack of personal contact, like there used to be with your Bank Manager for example. For some this has meant easy credit and for others it mean no credit or a facility at high levels of interest. Quote Link to comment Share on other sites More sharing options...
RC45 Posted December 29, 2009 Report Share Posted December 29, 2009 Banks seem to have too much power, I wish we could go back to the time when we were paid cash. Phil Quote Link to comment Share on other sites More sharing options...
FinFerNan Posted December 29, 2009 Report Share Posted December 29, 2009 Banks seem to have too much power, I wish we could go back to the time when we were paid cash. Phil We would not be able to afford it mate. Quote Link to comment Share on other sites More sharing options...
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