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T O P I C R E V I E W
pix1
Posted - 21 February 2009 : 18:20:17 I am thinking of launching a campaign to change the rules on credit reference agencies. This is in the light of the current political culture of helping people and companies (such as banks) to get over the economic hardships and mistakes. Perhaps The FSA would be the one to contact?
Any ideas?
I had the general idea that they could make it so that bankrupts and people with defaults and ccj's can get improved credit rating so that if a year or two after credit problems they are more solvent they can get things like mortgages instead of being judged overly harshly.
How about a system where things only stay on the file for 2 or 3 years instead of 6?
2 L A T E S T R E P L I E S (Newest First)
John
Posted - 21 February 2009 : 21:16:07 Hi pix1
in principle, particularly as you say with the recent and ongoing bank bail outs I understand where you are coming from in respect of the 6 year rule for credit.
The reality however is that the rule originally derives as far back as before the bible was written and indeed is referred to in the book of Deuteronomy.
So with over 2000 years of history behind it it's unlikley to change any time soon. But then all things do eventually.....so they say.
timendi causa est nescire
Skippy
Posted - 21 February 2009 : 21:11:02 That wouldn't help people in IVA's though as an IVA last for 5 years.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
