{"id":60912,"date":"2017-07-17T13:00:43","date_gmt":"2017-07-17T06:00:43","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-credit-score-agencies-have-the-power-to-make-or-break-lives\/"},"modified":"2017-07-17T13:10:21","modified_gmt":"2017-07-17T06:10:21","slug":"how-credit-score-agencies-have-the-power-to-make-or-break-lives","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-credit-score-agencies-have-the-power-to-make-or-break-lives\/","title":{"rendered":"How credit score agencies have the power to make or break lives"},"content":{"rendered":"


\nDefaults on a file often mean lenders will say no \u2013 to anything from a mortgage to a mobile phone contract. So what can you do?Omar Nasser came close to losing his home when his interest-only mortgage expired earlier this year and his application for a new loan was turned down because he failed a credit check. When he investigated, he discovered that his bank, Lloyds, had registered a defaulted payment on his credit record and, as a result, his credit score \u2013 which lenders use to assess a customer\u2019s credit worthiness \u2013 had plummeted. The default, he says, was due to a banking error because Lloyds had failed to process his request to cancel a direct debit, plunging his account into the red.\u201cWhen I complained, Lloyds promised to remove the default,\u201d he says. \u201cBut although it was removed by the credit reference firms Experian and CallCredit, it was not removed by Equifax.\u201d Continue reading…
\n
\nSource : theguardian.com
\nRead more…How credit score agencies have the power to make or break lives<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Defaults on a file often mean lenders will say no \u2013 to anything from a...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-60912","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-fQs","jetpack-related-posts":[{"id":151199,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hsbc-and-co-op-bank-cut-mortgage-rates-as-halifax-and-lloyds-ease-rules\/","url_meta":{"origin":60912,"position":0},"title":"HSBC and Co-op Bank cut mortgage rates as Halifax and Lloyds ease rules","date":"April 15, 2025","format":false,"excerpt":"\r Lenders stepping up mortgage price war in apparent response to financial turmoil sparked by US tariffsUK lenders are stepping up a mortgage price war, with HSBC and the Co-operative Bank announcing fresh rate cuts, and Halifax and Lloyds Bank loosening their affordability rules to enable homebuyers to borrow more.The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":65434,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lloyds-promotes-mbna-boss-to-lead-consumer-credit-charge\/","url_meta":{"origin":60912,"position":1},"title":"Lloyds promotes MBNA boss to lead consumer credit charge","date":"September 4, 2017","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Lloyds promotes MBNA boss to lead consumer credit charge","rel":"","context":"In "Property 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credit card provider MBNA in \u00a31.9bn deal","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117060,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lloyds-fined-64m-for-unfair-treatment-of-mortgage-customers\/","url_meta":{"origin":60912,"position":4},"title":"Lloyds fined \u00a364m for unfair treatment of mortgage customers","date":"June 11, 2020","format":false,"excerpt":"\r City watchdog rules bank mishandled cases of 526,000 customers who fell into difficultiesLloyds Banking Group has been fined \u00a364m by the City watchdog for failing to treat mortgage customers fairly after they fell into financial difficulty.The fine is linked to Lloyds\u2019 mishandling between 2011 and 2015 of more than\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138715,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/four-of-britains-biggest-lenders-cut-rates-on-fixed-mortgage-deals\/","url_meta":{"origin":60912,"position":5},"title":"Four of Britain\u2019s biggest lenders cut rates on fixed mortgage deals","date":"August 10, 2023","format":false,"excerpt":"\r Halifax, HSBC, Nationwide and TSB reduce rates, easing pressure on hard-pressed homeowners Four of Britain\u2019s biggest lenders have cut rates on their fixed mortgage deals, easing some of the pressure on hard-pressed homeowners.Halifax, part of Lloyds Banking Group \u2013 the UK\u2019s biggest mortgage lender \u2013 is reducing rates by\u2026","rel":"","context":"In "Property 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