Adverse Credit Why?

[fletch70]

You say you meet all the lending criteria, how do you know? Different companies have different criteria and that can change day by day. It could also be that someone entered something incorrectly. I recently applied for an M&S credit card which was reffered because I missed a 0 off my salary - it could easily just have been declined but wasn't.

[beetle101]

Went to purchase goods at store today.

Found that I was declined for "buy now pay later scheme!"

I was directed to Equifax Credit Agency. 

 

Have been a regular viewer on these Agencies. 

No notable adverse credit that would make company decline me.

 

Very frustrated as the product I would like to purchase I can actually afford outright. 

But being a mature person.  I prefer to do it the old fashion way so near xmas and with Co-Vid in the mix.

But I was declined. I am perplexed. 

 

But no one can seem to tell me why I was declined.

As Black Live matter. 

I can only presume it is because I am of ethnic origin. 

Otherwise the credit criteria is over 18.

 

Yes. Have worked for more than three years. Definite Yes.  And are either retired, Homemaker, or working. 

So, retired Yes.

 

Still working earning over and above the correct amount.

Own property mortgage free.

So why the adverse rating.

 

As I said of ethnic minority.

And being a previous BANK WORKER.

I know that they put categories in the Clients records on ethnicity.

 

Supposed to be for Equality Relations survey but I know its not.

But why the adverse rating when my history and records show good payers?

Even managing to pay off things before due date.

 

anyone any ideas. 

 

Would like to find how how to stop this and restore my life back credit wise.

[dx100uk]

i've merged 4 threads over the last 2yrs on basically the same issue for history.

 

dx

 

[beetle101]

Fletch 70

noted your reply but a command window came up on payments section that listed its criteria for the flexi-payment scheme.  So, I knew what they have on the webpage was their criteria. Did not miss anything out.  But still was declined. 

 

I have spoken to many other people in my situation.  And it is common knowledge at present in the ethnic minorities sector that the financial institutions are deliberately targeting ethnic minorities from middle to lesser incomes and attaching negative or adverse credit information against them.  Even though they have no bad debts against them. 

 

Whats worst is that when we make enquiries from 'Official Bodies.'  We are getting little or no help. Worst yet we are directed from pillar to post and visa versa. 

 

Solicitors tells us to write to the companies and then go to the CAB. 

The CAB tells us to write to the companies and go to a solicitor or the Financial Ombudsman.

The financial Ombudsman. Listens to what we have to say then states they cannot undertake individual legal cases.

In the meantime, this is what I got from a solicitor regarding the matter yesterday.

 

“Even if you do have a good case the corporations and can afford solicitors do you really wish to battle the corporations that can tie you up in litigation for years.

Do you really want to waste your money in fighting them?”

 

When I wrote to the company itself. It does not come back with something specific it states refer to the credit agencies. The credit agencies give a credit record which is medium satisfactory. But state any problems see the companies. 

 

As a former paralegal (retired now). I know that there is a comments page for the companies to make which does not show on the consumers credit report but warns other companies if there is a question against the account.  Thats why I approached the solicitors to investigate this.  And the reply was the one above. 

 

So I say again. 

Can we have a Uk Erin Brochovich to champion our cause. Because no one wants to go against the corporations who are obviously wrong in this case.