Well my other point was if monzo aren’t going to supply the data like my other accounts do they should document the difference to the legacy banks. This thread highlights that people are frustrated by the lack of information even if the actual data isn’t used in credit decisions.
I don’t see why this thread is any more pointless than any other discussion on this forum Alex?
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.
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;
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.
That, of course, is true but Monzo could explain their reasoning and plan for credit reference reporting and explain a bit especially for those who have an overdraft with Monzo that how not reporting to two bigger agencies can or can not have an impact…
All I know is that people struggled to get a mortgage from Halifax when a credit check didn’t report a banking relationship. At least 6 months statements were then required and made the process more difficult all round.