Changes to what some credit card compaines say about you on your credit file I just read this in my moneysavingexpert e-newsletter - is this true? How much does this sound like a step too far?!
New data sharing on credit files may be about to scupper credit card tarting. File Changes: Credit files currently only show available credit, actual debts and whether you've missed repayments. Yet from 1 Dec, Barclaycard, Capital One, GE Money, HBOS and MBNA will share info on how much you repay (eg, the min. or in full), and if you've a promotional deal. The Impact: While overall it's to stop irresponsible lending, I suspect lenders are salivating they now have more info to score out system players who constantly shift from 0% to 0% deal. As a precaution, make any necessary applications quickly; |