Can finance companies blacklist you?

My partner took out a loan with a finance company about 10 years ago that was eventually defaulted. The default has been removed from his credit file but we were wondering if they could have it on their own records and use it to decline another loan if he were to apply again.

Can finance companies blacklist you?

They could, but what do you care? There are other finance companies you can go to.

Realistically, 10 years is a long time in the business; it seems unlikely that they would keep files this long, my opinion. What have you got to lose trying, if they have a great program you like?

Can finance companies blacklist you?

They can black list you. It depends totally on the companies policies.

For example, if you ever default on Amex you will be blacklisted.

Good luck

Can finance companies blacklist you?

This applies to the UK, so not sure if it applies elsewhere....

There are a few credit reference agencies that keep details of credit histories which are accessed by banks etc. Sometimes you can pick up a negative hit because of a partner or even an address.

Ask your bank which credit reference agency they use, then contact them and ask for a copy of your file. Usually costs a tenner to do it. Make sure it is accurate, and if not ask for it to be corrected or noted.

Experian are one of the largest and you can get access to your file for free online.