What is Experian Credit ReportExperian Credit Report - What is it?
Santander recently increased the interest on my 123 master card, which led to my deciding to refuse the amendment and stop using the credit at all.
You said the cause was my "credit rating", either the way I used my credit cards (yes, I was near my credit line and exceeded it once or twice last year) or my "behavior" outside of Santander, or both. Therefore, I was assuming that my 123 mastercard payment was increased because of my supposed M&S standard.
Anybody know how these credit records work? The Experian used to have a pure exclusive right. However, it seems that they are now interfering with the right creditworthiness. If your debts would appear on the Experian system will depend on a few things. IF was the supposed insolvency? It is possible that, if it was recent (within three months), the various one-month delays added up and did not catch up with the report you received.
As an alternative, if it's a long while ago, it may have fallen down (six years?) or become insignificant in its system of scoring (three years; possibly a year if the banks rely strongly on behavioural evaluation, as Santander does. You seem to say, however, that it was your Experian credit rating that showed you that you were neat.
However, if the contested file was at a prior location, it may not appear on the Experian mailing list. However, other creditors are likely to review prior location records for new loan requests. Similarly, if you have not updated any creditors with bank balances at your old home with your new home AND you have not told Experian or other creditors your old home, then the home will not even be tied and your credit record will be young, but clear (if this is the case, be sure not to inadvertently tie it - probably better to not pass a credit review due to missing histories than to defile your new credit with a current standard).