Quote:
Originally Posted by cooksta
Every time we take out a loan, use an overdraught, use a credit card, pay a bill or buy on interest free credit, we are scored by credit ratings agencies.
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Any idea, how good they are? I was under the impression that banks were under no obligation at all to share the information they hold about you. In fact I thought that this was illegal without your explicit concent.
I therefore understood that each bank undertook their own efforts to rate you as a credit risk entirely seperately from other banks.
For this reason I thought people have been able to successfully apply for credit cards while having appauling debt records with other banks, and getting themselves into really bad debt situations.
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