whether one of the giant ratings organisations makes a mistake,the results can be catastrophic in so many waysWhen Caroline Dix applied for a unique mortgage after selling her home, she was astonished to be refused. Closer investigation revealed her credit rating had plunged overnight from excellent to very poor. Dix, and of Yeovil,had no bad debts and her bank balance was unusually healthy from the proceeds of her property sale. Her offence was to possess moved house. She discovered the credit reference agency (CRA) Equifax had recorded her unique address inaccurately, so she could not be identified by potential lenders seeking a credit check.“I if Equifax with a letter from the electoral officer to show my right address, or which they just fobbed off,and I was at a loss what to carry out next,’ she says. “It affected how I was able to move on with my life after a divorce, or as I couldn’t buy a unique house.”Continue reading...
Source: theguardian.com