Hi,
Looking through the Data Protection Act apparently you can require a data controller to ensure that no decisions are made based solely on the automatic processing of your personal data (Section 12 of the DPA
1998).
This should include banks not using computerised Credit Scoring to decide what to do with your account.
Has anyone tried this - and if you did, did you have any luck (and did any Bank give you a different answer when they didn't use automatic computerised credit scoring?)
The problem I've got is that 1 of my credit files is great - they say that I'm fine and give me a good credit rating. The other file says that I'm terrible and that I'm a big risk and don't even think about it. It's because I've got a personal loan registered on one file that
3 years ago I had a bit of bother with and I had to make a new arrangement to pay. After 6 months, I'd sorted that out and I'm now making higher payments back to them than the original agreements (so, I'll actually clear the loan about 3 months early).
If I were to tell my bank not to use automated computerised credit scoring, would that give me a better chance of them giving me more credit/overdraft etc.
I'm going back to Uni next year and I'm concerned that they wont give me a student account with the more flexible overdrafts than standard current accounts.
Any thoughts?