Credit reports

[KARL]

I wanted to place this question in the Business and Finance section, but because that is one of the areas that still has "Reported Attack Site" status on my connection I have chosen this section instead.

When someone asks for their credit report (I understand this is available for free), does the report then detail all known debt with financial institutions ? I am interested in whether I can ask the individual to provide me with a report so that I clearly see his/her liabilities - that is amounts and (ideally) owed to whom.

[jomifl]

I wouldn't take a credit report seriously as they can be very incorrect. My credit status was badly compromised because a credit card company allowed my personal details to be stolen. Subsequently they allowed over £30,000 to be stolen from my account. This resulted in my credit rating rating with credit rating companies falling to near zero. It took me well over a year to get the situation rectified and to be financially compensated. Fortunately I didn't need credit, it was just a convenience. I pity anybody who needed credit in this situation.

[craft1948]

My credit report showed what I owed on my credit card and what store cards I held. It actually flagged me a credit warning by email to point out an abnormality on my credt card statement..........it was about £700 lower than usual!!

[KARL]

I am only interested in whether the report lists debt, how much and to which financial institution. If this information is challenged by the individual then that can be followed up. The other person's credit rating (correct or not) for the purposes of obtaining (further) credit is of no interest to me.

[hc4361]

Yes it does. It lists all loans, amounts outstanding, credit cards and the limits, missed payments, late payments.

[KARL]

Many thanks indeed, hc.

[anneasquith]

karl, what does reported attack site mean, i really dont know.

[KARL]

Sorry Anne, I did not see your reply until now. You may be aware that a week ago there were problems with the AB site whereby the security settings on some browsers (the software used to browse the internet, such as Firefox, etc.) was triggered by flags that had been placed on the internet because some servers had decided there was so-called malware (mal as in bad, referring to software insertions, such as via advertising, hacking or other) associated with AB. When you try to enter those parts of the site that are flagged, your browser blocks the linkage/access and throws up a big warning instead. Usually, people have the choice of ignoring this and proceeding anyway, but that is unwise because you don't know what is involved and it might hit you in the face, so to speak.

[anneasquith]

sounds very technical for me, but thanks anyway,