Monzo NOT On Credit Report

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@alexs

What’s the point in discussing whether Monzo appearing not appearing on a credit report is good or bad if you don’t know that the implications / impact of that is? It’s impossible to answer that question if you don’t know isn’t it?

I would expect one of Monzo staff to explain if there are any implications/Impact for reporting just to one agency.

Back in August 2017, @venkat explained who are Monzo going to report. Now that a lot more people are using Monzo as their main bank account it’s fair to ask for more details.

Announcing the Overdrafts Preview!

We are currently using Callcredit, over the long run we would like to share this with more agencies. All CRAs will detail the relation type (loan /overdraft etc), the limits, balances, and status of payments ( missed payments and defaults). The CRAs will give us a standard template to submit the data. The data shared with agencies should be very similar. However, all financial institutions may not share data with all bureaus and hence you may not observe the same information in different CRAs. …

BTW, Monzo are not obliged to report to any of Credit Refrence Agencies at all and they have right to choose who they report to;

Do Lenders Have To Report To Credit Bureaus?

A discussion here on this surely the right way to get attention and seek clarifications on these sort of matters otherwise whats the point of Discussing anything at all because most of the time we question things which we can’t understand.