I phoned up to apply for a personal loan today, not because I want one but because someone suggested it as a good way to find out if you have a good or bad credit rating.
I was quoted 6.1% APR at the start of the call, then full details were taken and after this the advisor came back and said they would offer a loan at 7.7% APR. When I questioned this they told me this was as a result of my credit score based on what I had told them and what Equifax had on record.
Now, from the details I gave them my income would be comfortably more than my expenses, so I can't see there being any issue there, so that only leaves the credit reference agency's info as a reason for the APR increasing. Alternatively, is this simply salesmanship in action with them taking the chance to bounce the APR up a bit as I commented that
6.1% was better than I was expecting?Ok, the main point of the post, I've visited Equifax's website and requested a copy of the info they hold on my in line with the DPA, but do I need to do the same with Experian, or do they share info to the extent that it's going to be the same data?