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Experian Payday loan data processing looks set to be bad for your financial health


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Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

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I wonder if this is an imposed change, some compliance issue regarding the type of fnancial product being reported.

Has anyone asked the CRA for an amswer?

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Has anyone asked the CRA for an amswer?

 

I have posted elsewhere on this.

Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

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The problem to me is that this is a retrospective change, so if you got a loan two years ago, you are now blacklisted, for another 4 years, without even defaulting.

 

I've put so much work into trying to improve my credit, and now feel I may as well just default on everything as I'm ****ed again anyway.

 

IMHO Experian are doing it because lenders have asked for this data. The PDL companies like it because now they get to keep customers.

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Similar arguments came up when the CRAs began showing accounts aquired by DCAs as '' Credit Card from Lowell'' etc.

Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

Please Consider making a donation to keep this site running!

Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

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The CRAs are no longer fit for purpose, as is the financial industry.

 

Tackling the 'data abuse' perpetrated by the CRAs would go a long way to helping this country get back on its feet.

 

Dismantling the Debt Buyers and Sellers Group (DBSG) would be the first step - if we can't buy our own debts at a discount then they should not be a saleable asset.

 

3 years data for a live account, one year for a dead one would also be another good step.

 

Yet another one I did a petition for some time ago - Only the original creditor can mark our credit files - no third party can leave a permanent trace.

 

All searches to be removed after 6 weeks, REGARDLESS of whether they resulted in live credit or not

 

A lot of the 'rules' the CRAs uses were drawn up pre-computers and need to be dragged into the 21st Century and dealt with in 'live' time, not belated attempts to confuse, distort and destory people's lives.

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The problem to me is that this is a retrospective change, so if you got a loan two years ago, you are now blacklisted, for another 4 years, without even defaulting.

 

I've put so much work into trying to improve my credit, and now feel I may as well just default on everything as I'm ****ed again anyway.

 

IMHO Experian are doing it because lenders have asked for this data. The PDL companies like it because now they get to keep customers.

 

 

The signs appear to suggest that the PDL companies are not happy at all

Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

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