Natwest CCA - Letter

[oscar]

Re: Natwest CCA - Letter

Do we have anybody on the forum who works on that side of the lending industry to check for certain.????

Im ex-MBNA, Niddy I believe is also ex industry.

Its not a fast set rule, but the majority of lenders (excluding mortgages and a couple of others) tend to only look at the last three years.

[mgfboy]

Re: Natwest CCA - Letter

I'm ex-MBNA, Niddy I believe is also ex industry.

Its not a fast set rule, but the majority of lenders (excluding mortgages and a couple of others) tend to only look at the last three years.

Fair enough, the only reason I asked is because a Natwest Corporate Manager told me they review the full file ( on controlling directors and partners) on new business/new account opening with both Equifax and experian.

[Dogchunky]

Re: Natwest CCA - Letter

Ladies and Gents with the Default then now firmly in my file and there being nothing I can do to change that would advice would you give to me to make sure that I can better my situation with other agreements, I know keeping payments up and on time is crucial and I am firmly committed to doing this, is there anything else you could suggest.

Kind Regards

Dog

[Never-In-Doubt]

Re: Natwest CCA - Letter

mfgboy - not so. Natwest only perform a 3yr generic Equifax search with an Experian doubler if something pops up on the equifax initial search. Equifax is their chosen supplier but they use Experian for use of N Hunter, analytics and other cron job cra related tools.

For mortgages it's usually a clean sweep of your credit file. For general unsecured lending ALL lenders search 12,36,72 months in that sequence so all check the 12 months with auto-generate to 3yr sliding search followed by a full search if necessary. The computer does it, not staff.

Basically the 12 month search is part of the application and tells them at the start if you're on ER/last searches/Defaults etc. it always then moves to mini search (3yrs) and if you pass this then you'll find it stops and makes the relevent offer.

Anything bad/too many applications or anything else and the system declines, sends to AVU for decision or accepts.

[mgfboy]

Re: Natwest CCA - Letter

mfgboy - not so. Natwest only perform a 3yr generic Equifax search with an Experian doubler if something pops up on the equifax initial search. Equifax is their chosen supplier but they use Experian for use of N Hunter, analytics and other cron job cra related tools.

For mortgages it's usually a clean sweep of your credit file. For general unsecured lending ALL lenders search 12,36,72 months in that sequence so all check the 12 months with auto-generate to 3yr sliding search followed by a full search if necessary. The computer does it, not staff.

Basically the 12 month search is part of the application and tells them at the start if you're on ER/last searches/Defaults etc. it always then moves to mini search (3yrs) and if you pass this then you'll find it stops and makes the relevent offer.

Anything bad/too many applications or anything else and the system declines, sends to AVU for decision or accepts.

Again fair enough, as you can imagine, I only can go by what he said and knowing the client it was to do with, the sliding scale thing may well have applied.