Upgrading Explained: Does upgrading affect my credit score?


(Beatrice Borbon) #1

For your perusal this Friday: the first in a series of posts that answer common questions about upgrading your Monzo account!

I think we have a good idea of the kinds of questions people need more clarity on, but please let me know any suggestions about topics we should cover next :smiley:


(Alex) #2

Two questions for the Monzo team - why do you report the opening of a bank account to a credit agency (are you obliged to under the banking license terms?) and of the several credit agencies in the UK why did you choose the one you work with?


#3

What details do credit offering companies get from a quotation search? Something I’ve always wondered…


(benjaminlbowles) #4

I would say they are a requirement of being able to access information that the CRA hold in return, a sort of quid pro pro relationship, as well as probably being a legal requirement.