no, but lenders do keep thier own records for 7 to 10 years. So even if you had a payment plan on a credit card with lender A 5 years ago, which you eventually paid off in full, and wasnt referred to veda, if you approach lender A now, they would pass on your application.
Note, most lenders have a clause in their privacy consent noting 'bankers opinion'. This gives them the right to call other banks and ask them their opinion of your creditworthiness. In practice it is rarely used, but it is there....
Note, most lenders have a clause in their privacy consent noting 'bankers opinion'. This gives them the right to call other banks and ask them their opinion of your creditworthiness. In practice it is rarely used, but it is there....
