Notifications
Clear all
Scottish Trust Deed Forum
4
Posts
3
Users
0
Reactions
1,010
Views
Topic starter
07/03/2013 4:30 pm
I'm no expert on credit files, but I thought it might be worth highlighting a recent Court of Appeal judgement I learned about. In Smeaton vs Equifax the Court decided that the credit reference agency had no absolute obligation to ensure that the information they held was correct.
The case concerned a bankruptcy that had been annulled but which was still showing as ongoing on an individual's credit file. The person was refused finance by the bank because of this.
The appeal judge found that it was ultimately the individual's responsibility to send notice of the annulment to the credit reference agencies and that Equifax could not be held liable.
Whilst this is an English case, I think if nothing else it illustrates that that it is worth checking your credit file a little while after discharge to check that it is accurate and to take steps yourself to get it amended if it is not.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
07/03/2013 5:26 pm
Kevin, This may be a silly question. But when I get my discharge do I have to check with every credit reference agency such as Equifax, experian, that the information they hold on me is correct or does each agency have access to the one credit file in my name or does each agency have their own separate file on me. Hope this question makes sense.
Topic starter
07/03/2013 5:59 pm
Each credit reference agency maintains a separate credit file for you so if you want to be sure then you'd have to check every one I'm afraid.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
08/03/2013 8:39 am
The other agency to check is call credit. Along with equifax and experian all 3 may hold varying information about you so check all 3.
Paul
Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.
