lowell financial and credit check

[xbear]

I had a letter from lowell the other day concerning dept from a old credit card about 3 years ago, I have been wondering what to do about it. i never miss payments on my loan and other credit card however this one slip my mine after not changing address when moving house. I carnt get credit anywhere so i checked my report on credit expert and it says lowell have done over 20 serches on my credit file in the last year. Who knows what I should do

[Mr Worried]

Me, I know what to do....IGNORE

[PGH7447]

even if they have done searches as long as there is no adverse data then that should not be the reason you are being refused credit. by rights searches should be invisible to other lenders

 

as for clownells ignore them until such time as they bother to contact you

[buzby]

Searches are NOT 'invisible' but they time out quicker (this is why multiple CC applications fail, even if a card isn't issued.

[reborn71]

I agree with Buzby. There are two types of searches that can be done on a credit file: unrecorded and credit. A unrecorded enquiry is usually done to confirm a persons identity and is not visible to other potential creditors. A credit search IS visible to other creditors and is detrimental to a persons credit file as each search is classed as a credit application. Debt collection agencies have a very nasty habit of logging numerous CREDIT searches on peoples file knowing the effect it will have on that individuals credit score.

 

I suggest firstly you check which type of search has been undertaken by reviewing your credit file. If it says credit then write to the CRA advising that the classification of the searches are incorrect, and if they are not corrected you will lodge a complaint with the Information Commissioner.

[PGH7447]

yes so a dca should do an unrecorded because you are not asking for credit from a dca

[reborn71]

That can be the problem, sometimes they do credit searches even though they shouldn't. If that has happened you are entitled to have them changed to unrecorded or removed. Again, I advise checking your file to see what has happened.

[xbear]

Do i pay the dept or not though i would like to be able to start gettin credit agen but this is the only thing i see holding me back

[harrassed senior]

Not sure from the above if you are saying there is also detrimental information on your credit file or just the searches. A debt will stay on your credit file once applied even when payment resumes, unless there has been a clear period of 6 years between payments. If you want to re-commence payments on this account then unfortunately the default will still show for 6 years from its' date.

[Bazooka Boo]

Do i pay the dept or not though i would like to be able to start gettin credit agen but this is the only thing i see holding me back

Who is the CC with? And why would anyone want to get credit in this day and age?

[PGH7447]

Do i pay the dept or not though i would like to be able to start gettin credit agen but this is the only thing i see holding me back

 

We dont advocate debt avoidence on the CAG, but we do advocate ensuring that DCA's have the right to collect enforceable debts and that they have the right paperwork to back up their feeble threats.

 

Do you pay or not, depends on what info they have regarding this alledged debt and on your conscience