Experian - Your credit file may have changed.
Discussion
Experian has emailed me this morning. saying that my credit file may have changed. I would be very much surprised if it has. I think they just want me to pay £25 to sign up again to their Credit Expert service, in order to check.
It smacks to me a bit of Experian exploiting people's concerns at a time of financial uncertainty.
Having had them try to sell my company data in the past, they do have a whiff of the parasite about them.
I use the clearscore App which is free and takes it's data from Experian, may even be owned by Experian. I find it to be pretty good really if sometimes a month or so behind what I know should be on there but that may be a general delay overall with Experian and the time it takes data to be updated.
Jamescrs said:
I use the clearscore App which is free and takes it's data from Experian, may even be owned by Experian. I find it to be pretty good really if sometimes a month or so behind what I know should be on there but that may be a general delay overall with Experian and the time it takes data to be updated.
Isn't Clearscore using Equifax data?The three credit reference agencies being Equifax, CallCredit and Experian?
I have both the Experian and Clearscore apps, and the scores are completely different. My Experian is 999 out of 999, but the Clearscore is around 550 out of 700. (I think).
So said:
Experian has emailed me this morning. saying that my credit file may have changed. I would be very much surprised if it has. I think they just want me to pay £25 to sign up again to their Credit Expert service, in order to check.
It smacks to me a bit of Experian exploiting people's concerns at a time of financial uncertainty.
Having had them try to sell my company data in the past, they do have a whiff of the parasite about them.
Ignore it......make all your payments on time and keep all your accounts within their limits and you'll be fine.It smacks to me a bit of Experian exploiting people's concerns at a time of financial uncertainty.
Having had them try to sell my company data in the past, they do have a whiff of the parasite about them.
The credit reference agencies have created an industry for themselves, based on paranoia that they themselves have created in people.......
Sarnie said:
So said:
Experian has emailed me this morning. saying that my credit file may have changed. I would be very much surprised if it has. I think they just want me to pay £25 to sign up again to their Credit Expert service, in order to check.
It smacks to me a bit of Experian exploiting people's concerns at a time of financial uncertainty.
Having had them try to sell my company data in the past, they do have a whiff of the parasite about them.
Ignore it......make all your payments on time and keep all your accounts within their limits and you'll be fine.It smacks to me a bit of Experian exploiting people's concerns at a time of financial uncertainty.
Having had them try to sell my company data in the past, they do have a whiff of the parasite about them.
The credit reference agencies have created an industry for themselves, based on paranoia that they themselves have created in people.......
With so many people, for the first time ever, having payment holidays, the collective paranoia is "will this affect my credit rating". Experian is playing on that.
Experian once offered to sell my firm a database of all customers 3 months or more behind with their mortgage. It turned out that they couldn't actually.
Sarnie said:
The credit reference agencies have created an industry for themselves, based on paranoia that they themselves have created in people.......
And adverts suggesting that the higher your score, the bigger the car you can have. Guaranteed to keep people in debt and therefore feeding the industry.It's just another internet non-business that nobody really needs and just adds cost to the chain.
So said:
Experian has emailed me this morning. saying that my credit file may have changed.
I had one of those a couple of weeks ago. Took a look at their free report and guess what, some low-life has fraudulently been trying to obtain loans in my name and address etc. Several enquiries were made by different banks, all on 17 March. One of them has subsequently sent me documents to sign for a £15,000 loan...I've ended up wasting considerable time contacting all the banks concerned, most of which have responded with complete indifference, if at all. I also contacted Experian who say they show the information banks report to them and can't delete the fraudulent entries - that's up to the banks. What a pantomime.
I contacted Action Fraud, the official fraud crime reporting centre, who responded,
"The use of another person’s identity, often referred to as identity theft, is not a police recordable crime.
"Where the details are used to obtain goods or services, we can only record a crime on behalf of the person or organisation which was defrauded as a result of the misuse of an identity. An example of a situation in which we could record a crime would be where details were used to obtain credit, the use of which left the provider of credit with a financial loss. In these circumstances we would record a crime for the provider of the credit and look to establish if there was scope for the matter to be investigated.
"Whilst the misuse of your identity cannot be classified as a police recorded crime, we do recognise that identity theft can cause significant distress and inconvenience."
I'm left with the overall impression that nobody cares a toss.
rockin said:
So said:
Experian has emailed me this morning. saying that my credit file may have changed.
I had one of those a couple of weeks ago. Took a look at their free report and guess what, some low-life has fraudulently been trying to obtain loans in my name and address etc. Several enquiries were made by different banks, all on 17 March. One of them has subsequently sent me documents to sign for a £15,000 loan...I've ended up wasting considerable time contacting all the banks concerned, most of which have responded with complete indifference, if at all. I also contacted Experian who say they show the information banks report to them and can't delete the fraudulent entries - that's up to the banks. What a pantomime.
I contacted Action Fraud, the official fraud crime reporting centre, who responded,
"The use of another person’s identity, often referred to as identity theft, is not a police recordable crime.
"Where the details are used to obtain goods or services, we can only record a crime on behalf of the person or organisation which was defrauded as a result of the misuse of an identity. An example of a situation in which we could record a crime would be where details were used to obtain credit, the use of which left the provider of credit with a financial loss. In these circumstances we would record a crime for the provider of the credit and look to establish if there was scope for the matter to be investigated.
"Whilst the misuse of your identity cannot be classified as a police recorded crime, we do recognise that identity theft can cause significant distress and inconvenience."
I'm left with the overall impression that nobody cares a toss.
Simpo Two said:
And adverts suggesting that the higher your score, the bigger the car you can have. Guaranteed to keep people in debt and therefore feeding the industry.
It's just another internet non-business that nobody really needs and just adds cost to the chain.
Indeed.......I miss the days when clients would send me their credit files and it just looked like binary code......all 1's and 0's......It's just another internet non-business that nobody really needs and just adds cost to the chain.
I'm not sure who are worse......the ones that charge you each month to keep you parnoid about whether your "score" has gone up or down.......or the ones that pretend to be free and then bombard you with targeted products, naturally incentivised by that company to have access to market to you and others like you......
Sarnie said:
Informed stuff as usual.
At the risk of derailing my own thread, where do you think things are headed credit-wise Sarnie?We had to abandon an asset purchase 2 weeks ago because Lombard contracts department seemed to have imploded. Our account manager said that rates were rising on new deals.
Do you think we are going to come out of COVID with low LTVs and high IRs?
So said:
Do you think we are going to come out of COVID with low LTVs and high IRs?
This issue isn't a finance issue, it's human/health issue.As soon as surveyors can get back out to see properties, normality will return to the mortgage industry......lenders may drip feed product ranges back in to stop an explosion of applications when the lockdown is removed.......but it should return to normal service not long after that........
Sarnie said:
So said:
Do you think we are going to come out of COVID with low LTVs and high IRs?
This issue isn't a finance issue, it's human/health issue.As soon as surveyors can get back out to see properties, normality will return to the mortgage industry......lenders may drip feed product ranges back in to stop an explosion of applications when the lockdown is removed.......but it should return to normal service not long after that........
So said:
Quoted for posterity
Naturally there may be wider issues like unemployment and purchases may drop off...which may affect house prices potentially.......but this is nothing like 2008 when the rug was pulled from under mortgage industry......back then we had unsustainable lending such as self cert, heavy adverse mortgages and 100%+ LTV mortgages.....none of those have returned.....the industry is better prepared now than in 2008.So said:
Experian has emailed me this morning. saying that my credit file may have changed. I would be very much surprised if it has. I think they just want me to pay £25 to sign up again to their Credit Expert service, in order to check.
It smacks to me a bit of Experian exploiting people's concerns at a time of financial uncertainty.
Having had them try to sell my company data in the past, they do have a whiff of the parasite about them.
If you register for MSE Credit Club you can see your full Experian credit report for free each month, the same way you can see your Equifax one through Clearscore.It smacks to me a bit of Experian exploiting people's concerns at a time of financial uncertainty.
Having had them try to sell my company data in the past, they do have a whiff of the parasite about them.
https://www.moneysavingexpert.com/creditclub/
Edited by Funk on Tuesday 31st March 23:33
Funk said:
So said:
Experian has emailed me this morning. saying that my credit file may have changed. I would be very much surprised if it has. I think they just want me to pay £25 to sign up again to their Credit Expert service, in order to check.
It smacks to me a bit of Experian exploiting people's concerns at a time of financial uncertainty.
Having had them try to sell my company data in the past, they do have a whiff of the parasite about them.
If you register foe MSE Credit Club you can see your full Experian credit report for free each month, the same way you can see your Equifax one through Clearscore.It smacks to me a bit of Experian exploiting people's concerns at a time of financial uncertainty.
Having had them try to sell my company data in the past, they do have a whiff of the parasite about them.
https://www.moneysavingexpert.com/creditclub/
So said:
Funk said:
So said:
Experian has emailed me this morning. saying that my credit file may have changed. I would be very much surprised if it has. I think they just want me to pay £25 to sign up again to their Credit Expert service, in order to check.
It smacks to me a bit of Experian exploiting people's concerns at a time of financial uncertainty.
Having had them try to sell my company data in the past, they do have a whiff of the parasite about them.
If you register foe MSE Credit Club you can see your full Experian credit report for free each month, the same way you can see your Equifax one through Clearscore.It smacks to me a bit of Experian exploiting people's concerns at a time of financial uncertainty.
Having had them try to sell my company data in the past, they do have a whiff of the parasite about them.
https://www.moneysavingexpert.com/creditclub/
So said:
Funk said:
So said:
Experian has emailed me this morning. saying that my credit file may have changed. I would be very much surprised if it has. I think they just want me to pay £25 to sign up again to their Credit Expert service, in order to check.
It smacks to me a bit of Experian exploiting people's concerns at a time of financial uncertainty.
Having had them try to sell my company data in the past, they do have a whiff of the parasite about them.
If you register foe MSE Credit Club you can see your full Experian credit report for free each month, the same way you can see your Equifax one through Clearscore.It smacks to me a bit of Experian exploiting people's concerns at a time of financial uncertainty.
Having had them try to sell my company data in the past, they do have a whiff of the parasite about them.
https://www.moneysavingexpert.com/creditclub/
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