Cifas

A question about : Cifas

A friend of mine has been getting a few surprise declines for current accounts recently after normally being accepted with no problems. These came after one bank decided to close his accounts down. He has checked his credit file with CallCredit and Noddle and there are no CIFAS warnings shown. I was just wondering if it is possible to have a CIFAS warning regsitered on just one CRA or would it show on them all?

Best answers:

• Not all CIFAS will appear on CRA. Complete SAR requested to CIFAS. It will cost Ј10.
• It's possible that one or more of the Fraud Prevention Agencies (eg NHunter, Experian Decision Analytics, Synectics Solutions) may have highlighted irregular information supplied from your her his () recent applications (maybe salary discrepancy...or including student loans as income on some applications and not on others for example?).
  They may not have enough 'proof' to warrant a category 3 or 4 CIFAS marker*, but have simply set an internal flag and its this flag that is being shared with the lenders outside the scope of CIFAS and the CRAs.
  In short, you she he may need to SAR at least 4 organisations, not including the 3 CRAs. It's going to be costly!
  * From memory these are 'material falsehood: facility accepted' and 'material falsehood: facility denied'