Fiance Experian credit report - got an alert
Discussion
My fiance signed up to experian for the free 30 day trial to see what her score was like as she was worried it could be low as she has never had any loans or such and believed that as she has no proof of being a good non risk that it could effect her future mortgage.
Her score turned out to be fine, only worry was she has moved houses a few times in last few years but same job just changed flats, then we moved in together.
Anyway, last night she got an alert e-mail and logged in to experian on the pc and it was saying she had a finance check done by RBS on her name and our address. She doesn't bank with RBS (I do), and it hasnt effected her score or anything, and no credit has been applied for, she just cant work out what this check would be for.
Understandable she got a bit worried that it could be fraud, and as i only used experian once and closed it a few days later i have never experienced this.
The check was done on July 31st, alert came through yesterday.
has anyone any experience in this that could come up with some idea as t why RBS would be doing a check on someone who isn't an RBS customer and hasn't applied for anything to any bank.
She is going to phone them tonight after work but just to put her at ease a bit.
Cheers
Her score turned out to be fine, only worry was she has moved houses a few times in last few years but same job just changed flats, then we moved in together.
Anyway, last night she got an alert e-mail and logged in to experian on the pc and it was saying she had a finance check done by RBS on her name and our address. She doesn't bank with RBS (I do), and it hasnt effected her score or anything, and no credit has been applied for, she just cant work out what this check would be for.
Understandable she got a bit worried that it could be fraud, and as i only used experian once and closed it a few days later i have never experienced this.
The check was done on July 31st, alert came through yesterday.
has anyone any experience in this that could come up with some idea as t why RBS would be doing a check on someone who isn't an RBS customer and hasn't applied for anything to any bank.
She is going to phone them tonight after work but just to put her at ease a bit.
Cheers
She doesn't think so.
We took out wedding insurance, but that was in my name and i paid for it, and that was through John lewis.
She hasnt applied for anything as far as i am aware, only recent change is her works pension but that was a wee bit ago and im sure its aviva but not 100%.
TBH its probably nothing but she was getting a bit worked up and i snapped at her a bit as there was nothing we could do and she got upset, so i felt crap as there was no need for me to get snippy.
I said i would ask about, but i said it could even be a random check and as we have never jad experieanc before, they could use this as an example of why we should be paying their fees and saty on etc.
Though i am massively cynical.
We took out wedding insurance, but that was in my name and i paid for it, and that was through John lewis.
She hasnt applied for anything as far as i am aware, only recent change is her works pension but that was a wee bit ago and im sure its aviva but not 100%.
TBH its probably nothing but she was getting a bit worked up and i snapped at her a bit as there was nothing we could do and she got upset, so i felt crap as there was no need for me to get snippy.
I said i would ask about, but i said it could even be a random check and as we have never jad experieanc before, they could use this as an example of why we should be paying their fees and saty on etc.
Though i am massively cynical.
I know, she is just paranoid about not being allowed a mortgage.
Her sister was applying and had no issues except for a utility bill for some £1200 due to various back and forth bills when they were moving house.
Basically the utility company said they could pay it back in installments, they could happily have paid the £1200 in one go, as both in well paid jobs, but as they were moving flats it was better for cashflow at that point.
It turned out, paying back in installments was classed as a missed payment of the £1200, they had no idea and it wasn't explained as this when they were offered the option.
Fortunately her husband was able to get the mortgage on his salary alone, but its meant my fiance is now very worried about anything making our credit histories mean we cant get a mortgage.
Should be nothing though. Thanks for advice though
Her sister was applying and had no issues except for a utility bill for some £1200 due to various back and forth bills when they were moving house.
Basically the utility company said they could pay it back in installments, they could happily have paid the £1200 in one go, as both in well paid jobs, but as they were moving flats it was better for cashflow at that point.
It turned out, paying back in installments was classed as a missed payment of the £1200, they had no idea and it wasn't explained as this when they were offered the option.
Fortunately her husband was able to get the mortgage on his salary alone, but its meant my fiance is now very worried about anything making our credit histories mean we cant get a mortgage.
Should be nothing though. Thanks for advice though
I'm interested.
It odd to me that people worry about "never having had any loans". IMO that is surely a good sign, not a bad one?
All I have is credit cards which get paid off in full every month. Over the years the total credit available has built up to more than £50k across the cards but there's never been a murmur about credit score.
It odd to me that people worry about "never having had any loans". IMO that is surely a good sign, not a bad one?
All I have is credit cards which get paid off in full every month. Over the years the total credit available has built up to more than £50k across the cards but there's never been a murmur about credit score.
Ozzie Osmond said:
I'm interested.
It odd to me that people worry about "never having had any loans". IMO that is surely a good sign, not a bad one?
All I have is credit cards which get paid off in full every month. Over the years the total credit available has built up to more than £50k across the cards but there's never been a murmur about credit score.
It's seen as a bad thing as there is no proven history of repayment so it has to be taken that they are high risk due to lack of any other evidence. It odd to me that people worry about "never having had any loans". IMO that is surely a good sign, not a bad one?
All I have is credit cards which get paid off in full every month. Over the years the total credit available has built up to more than £50k across the cards but there's never been a murmur about credit score.
You have paid off your credit card in full every month so you are seen as low risk, you don't make the banks any money either so your credit limit will be increased in the hope that you start making minimum payments and paying interest.
Think of having a credit history as having a no claims bonus. Without any you might be the best driver in the world but unless you have a way of backing this up (a credit history in this case) the bank needs to assume the worse.
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