Having had so many accounts defaulted and SBd, I am currently with my longest standing bank and a basic account elsewhere. My old bank is offering me a credit card. If I take it could they claw back old debts? They have not yet.
I know banks keep records way past 7 years, even on closed accounts, but the credit card and banking facilities/records may be kept separately in the larger banks.
So if I were to approach another bank with which I have had no acquaintance:
Does anybody know whether banks refer to the archives when approached by an "old" client?
Do they check where the client has previously banked, in their archives? Now they are sharing data do they have access to all previous issues elsewhere?
Do they care? Most will have insurance for written off bad debts.
I don't really need one, but I wanted to improve my credit score for a possible future mortgage. However, I do not want to shot myself in the foot.
I know banks keep records way past 7 years, even on closed accounts, but the credit card and banking facilities/records may be kept separately in the larger banks.
So if I were to approach another bank with which I have had no acquaintance:
Does anybody know whether banks refer to the archives when approached by an "old" client?
Do they check where the client has previously banked, in their archives? Now they are sharing data do they have access to all previous issues elsewhere?
Do they care? Most will have insurance for written off bad debts.
I don't really need one, but I wanted to improve my credit score for a possible future mortgage. However, I do not want to shot myself in the foot.
Comment