Personal Loan Default
Credit report : your credit rights
By law, your credit report can only be accessed by selected organisations - typically banks, building societies and other financial organisations - though prospective employers and landlords can be allowed access too.
The Law is on your side because your credit report contains sensitive information regarding your finances which is not to be used in the public domain. It is imperative that you understand your legal rights as well as understand who has rights of access to the information held on your credit report.
The Data Protection Act and Consumer Credit Act both have restrictions in place as to who can access your credit information, as well as what the information therein can be used for.
Credit reference agencies such as Equifax have also implemented further rules and regulations to ensure that the customer receives a good service.
By law, you have the right to:
- Dispute inaccurate information on your credit file and have errors corrected within 28 days
- Be posted a copy of your Credit Report within 7 working days of having made a request
If you ever have any doubts about disclosing your personal information to someone or agreeing to your credit file being checked, then do not feel pressurised in to agreeing to it.
| Loans Personal Very Bad Credit : high street lenders personalloans ... at borrowing money, you'll no doubt be aware of the old saying "shop around for the best deal" ... loans on the other hand offer a loan amount ranging from £1000-£25,000 with a repayment term of 6 months Cheap Personnel Loans : short personel loan ... you repay your loan early, you may find that you have to pay an early repayment penalty ... of payment default the lender can recover the loaned amount by selling borrower’s property Personel Loans Lenders : high risk personal loan with horrible credit ... credit card snapped up the moneyfacts best credit card provider award in 200 ... need not put your property on risk to avail unsecured loans |