Personal Credit Reports

Just wondered how many people who have applied for mortgages in Spain have been asked by the bank to supply a full credit report alongwith the usual documentation like bank statements etc.etc.. ..??

For those of you that have been asked, how did you get those reports..??  Did you just go onto either Experian or Equifax websites and go through the process of joining, get the free report and then cancelling within the thrity day free trial period ..?

I was just curious and I've never been asked for that before as all companies over here do their own credit search on you.

Cheers... Julian.

Hi Julian

Yes we were asked for a credit report and as you said used Experian - joined and then cancelled as soon as I had printed the reports.  When you apply for a mortgage in the UK the banks obtain their own credit report but in Spain you have to supply this yourself.  It is actually quite easy to obtain and then cancel.

Hope this helps.

Linda

Hi Linda,

Thanks for confirming that, appreciate it..!!

Julian

I had never heard of credit reports until the morgage broker wanted one. When it came there were 12 items on it from what they call a linked address where a remote family member had used my wifes name and our address to secure credit then bump the accounts after one payment. We then found it impossible to get any credit and if it wasnt for the help of other family members we would have lost the apartment. The point I am making is be prepared for surprises in your report. It took me seven months to clear the accounts from our credit history through contact with the customer services of each of the 12 fraudulent accounts. An absolute nightmare. I hope none of you are ever in that position.

Dakey

dakey,

is that not the norm in the north west.

julian, we also used experian and got it free, it details everything you have had from a toaster to your car, you need to see a lot of zeros on all payments, or dont bother sending it.

ant