Posted by
Mog77
14 yrs ago
Hi, I have received a request from our bank who we have a mortgage with for "consent" to sharing mortgage information with the credit reference agency "TransUnion Limited".
Initially it reads like a must sign form, but after reading it again, am I right in saying that I do not have to sign it, however if I which to take out a further loan at any time with the same/ or other bank than I will be required to provide information????
They have set a effective date from the 1st April 2011.
To be honest I really don't want to share this information with parties outside of my bank.
Any information would be greatly appreciated.
Thanks
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A Mum
14 yrs ago
You don't have to sign it back. If you do, they give your information to the credit agency which *may* help you get credit easier from other banks and credit card companies etc. I don't think it would disadvantage you in future, but due to privacy laws in HK, they need your consent to pass on your info.
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