Reply to: Big 4 and Credit Checks - Can I pass?

[radish2008]

Don't think that's true. We rang Lloyd's and asked. They looked through the accounts on the phone and said there was a claim and then sent the form over there and then. I highly doubt banks are allowed to keep back data about you which are are legally entitled to in an attempt not to pay.

They are not volunteering it, you've asked to see it so they should respond to your request.

Dunno about time limits though.

EDIT : Looking in to it a little bit it doesn't matter what the credit agency has. If the lender hasn't kept your records past 6 years there isn't a lot you can really do. That's 6 years after the account was closed of course. Can get complicated going back more than 6 years it seems.

CRA's hold data for over 10 years but it's only actionable in a credit score for 6.

[radish2008]

It makes no difference.

Each card issuer uses one of the 3 agencies and the other 2 do not hold details on what the others hold. Barclays likely uses Experian.

That's not true. All CRA's will hold as much data from lenders as they chose or can hold as customers. A lender can use one or many.

[LondonManc]

which of the credit agencies hold data for up to 15yrs?.

I am trying to find 2 old credit cards details from 2002 with (halifax & barclays) that I might have had with PPI .... I understand the banks wont volunteer such details to reduce my chance of a claim

There's a template generator on the Which website. They're obliged to investigate for you, even if you don't still have any details of it:

How to reclaim mis-sold PPI for free

[northernladuk]

which of the credit agencies hold data for up to 15yrs?.

I am trying to find 2 old credit cards details from 2002 with (halifax & barclays) that I might have had with PPI .... I understand the banks wont volunteer such details to reduce my chance of a claim

Don't think that's true. We rang Lloyd's and asked. They looked through the accounts on the phone and said there was a claim and then sent the form over there and then. I highly doubt banks are allowed to keep back data about you which are are legally entitled to in an attempt not to pay.

They are not volunteering it, you've asked to see it so they should respond to your request.

Dunno about time limits though.

EDIT : Looking in to it a little bit it doesn't matter what the credit agency has. If the lender hasn't kept your records past 6 years there isn't a lot you can really do. That's 6 years after the account was closed of course. Can get complicated going back more than 6 years it seems.

[MrMarkyMark]

Do hookers and dealers take credit card now?

Hope you have some very happy memories from accumulating that £40k!

Hookers have for a while

Looks like dealers have got into the act too

Drug dealer Mark Slender jailed for selling cocaine, dealer took credit card payments | UK | News | Daily Express

Still at least his gear was "pure"

The police seized 56grams of cocaine, worth £5,800, and ranging in purity from 88% to 93%. It was one of the highest purity cocaine seizures in Gloucestershire in recent times.

[SueEllen]

which of the credit agencies hold data for up to 15yrs?.

I am trying to find 2 old credit cards details from 2002 with (halifax & barclays) that I might have had with PPI .... I understand the banks wont volunteer such details to reduce my chance of a claim

It makes no difference.

Each card issuer uses one of the 3 agencies and the other 2 do not hold details on what the others hold. Barclays likely uses Experian.

[css_jay99]

which of the credit agencies hold data for up to 15yrs?.

I am trying to find 2 old credit cards details from 2002 with (halifax & barclays) that I might have had with PPI .... I understand the banks wont volunteer such details to reduce my chance of a claim

[LondonManc]

Looks like OP hasn't been disciplined if they are on a DMP...

I'm sure they really appreciate your advice after the event too.

[kaiser78]

You can use credit cards to get a cheap loan.

However you can only do this if your disciplined.

Looks like OP hasn't been disciplined if they are on a DMP...

[blackeye]

Do hookers and dealers take credit card now?

Hope you have some very happy memories from accumulating that £40k!

[SueEllen]

Golden rule of credit card debt is to never build up credit card debt - always pay off monthly.

You can use credit cards to get a cheap loan.

However you can only do this if your disciplined.

[kaiser78]

Hi,

I landed a contracting gig in the City after deciding to return to the UK. I am on a Debt Management Plan (DMP) in the UK for around 40k of card debt . As per my own credit checks, no CCJ. Also no VA. I only the DMP which does not show on 'public records', and so does not come up.

Golden rule of credit card debt is to never build up credit card debt - always pay off monthly.
And never play with matches.

[squarepeg]

Hi,

I landed a contracting gig in the City after deciding to return to the UK. I am on a Debt Management Plan (DMP) in the UK for around 40k of card debt. As per my own credit checks, no CCJ. Also no VA. I only the DMP which does not show on 'public records', and so does not come up.

So, I am stressing about the credit check/screening done by the Big4 for, will I fail due to DMP and missed card payments? My research shows the standard checks only mine public records and would get stuck on CCJs. DMP does not feature on their radars.

I want to quit my current role and get back to the UK, but stress a little about this issue.

Thanks for any insight shared.

You may be in the National Hunter.

[SueEllen]

I find 'Checkmyfile' usefull. Well priced and covers all 3.

I get all 3 free. Two you can sign up for and get free, and the other one, Experian, I get free through a credit card.

[quackhandle]

It could be down to the financial institution not happy with that amount of debt and how they see the risk of you being bribed.

But if you get the all clear, then all is good, however it may not feature on their radar now but these things can be found out further down the line.

qh