Can I put a block on my own credit applications?

Dear James,

I am a professional in a well paid job - I know, lucky me. I do however have little or no willpower when it comes to getting a loan or a credit card! Is it possible to place a note on my credit rating/score saying "do not offer this man a loan"? I would rather do something like this rather than defaulting on my mortgage.

Nick, Tewkesbury

Dear Nick,

Yes you can certainly do this! You have the right to add a 200-word note to the information on your credit report and you could use this to ask lenders to refuse any applications you make for credit. Having a note on your credit report will certainly put the scuppers on any instant credit decisions because it will mean that an application would be referred to an underwriter – causing a delay – and they would then see your note. Of course, you’d be free to get in touch with us at any time to remove the note, but I suspect what you’re looking for is a deterrent against future impulsive behaviour and in this respect I think your plan might just work. (March 2012)

James
                        Sign

Take control of your finances with CreditExpert

Daily Experian Credit Score

Daily Experian Credit Report

Understand and improve your score

UK call support

Credit Report alerts

Web monitoring

Enhanced fraud support

Learn more →