Am I blacklisted by any banks?

Answer 1

Banks etc are in the business of providing services. There is a separate industry used by banks and other business regarding the credit worthiness/history of individual customers. This industry is called a Credit Rating Service and the companies providing this service (all round the world) gather history relating to the debt load, payment history, Court judgements, bankruptcy etc. of individuals.

Banks and other business dealing with individuals will then purchase information about individuals from these Credit Rating agencies before doing business with any individual.

Therefore if business will not deal with you, it is not because THEY are blacklisting you, it is because your credit history (held by the Credit Rating Service companies) is bad.

In most countries you have a rite to ask for and see your credit history (from these companies) and to challenge and change any FACTUAL mistakes.

To help you I include a link below to a UK Credit rating company, look for a similar service in your home country.

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In the US there are no such things. I'm not sure they would be used most anywhere.

That's because other than being illegal, they would have no good purpose. Each bank/lender/business makes it's own decisions...and a list of customers others don't want to have, would only be a benefit to those looking for new customers! They are competitors...why would anyone want to hurt itself to help it's competitor? They don't and won't! Believe it or not....there really isn't a conspiracy by all these against YOU...you ain't that important. Of course, if you may have a bad history that would make any reasonable business avoid you like the plague.

Same true for the idea there is an "employer" blacklist. Cos compete for good employees...if you are one, that's all that matters...no they wouldn't give up a profitable job because their competitor said they would like it....and the same is true about an employee...they ain't going to do what their competitor says, just because...heck...they would probably do the opposite.

However, the US does use credit services that report your credit history and even give it a grade. Banks and any credit providers generally use these as a primary tool for seeing if someone pays back on time, and is truthful in their application. They are made by 3rd parties, not involved in any actual lending...and are available to everyone...and for free to the person whose report it is. (In fact if your credit request is denied because of anything found on a credit report, that info must be provided to you when they tell you of your denial).

If you have bad credit that is your doing - and you can expect to be denied loan applications or others doing business with you. These things are not a right to you, but doing them only with whom one wants, is a right to everyone. Financial discrimination is entirely legal. If your credit report is inaccurate - it reports things that didn't happen...not that you don't like - the credit reporter MUST correct them upon your request and providing proof.