I have lived in the UK for almost 3 years and am in the process of building up a credit history here. I originally banked with Nationwide and used Monzo for foreign exchange etc but switched from Nationwide to Monzo as my main current account a year ago. I still have credit card and other products with Nationwide. However, Monzo does not appear anywhere on my credit reports. But every action I have taken with nationwide registers (I had to open and close a joint account, open a new current account etc - all noted on my credit report).
I fear this is having an adverse effect on the ‘account stability’ element of my credit rating - that the longer my financial relationships are, potentially the better my credit rating is (keeping all else equal).
Questions: 1. Why doesn’t Monzo report to the agencies? 2. Will they report to them soon? and 3. When reporting, will they reflect that I have had a Monzo account for over 2 years, so I’m not starting from scratch again?