Changing energy supplier could affect your credit rating

SuzieSue · 9 October 2016 at 9:34PM

I've just seen a episode of Rip off Britain which featured someone who regularly changes his energy supplier.

This time he changed to NPower I believe. However, they did 2 hard credit searches on him and that resulted in him being rejected for a credit card a few weeks later.

They said that 3 companies do hard credit searches at the moment, NPower, British Gas and Eon, from what I can remember.

I just thought I'd warn anyone who might be affected.

I have also posted this on the Energy and Credit Rating board.

Nasqueron · 10 October 2016 at 9:11AM

Correlation is not causation

A search from an energy company would not automatically mean a credit card application is rejected. Someone who jumps around energy suppliers almost certainly shifts balances around credit cards or moves current accounts (or other money making tricks) - there will be much more to it than that

bengalknights · 10 October 2016 at 9:30AM

Thats very strange as ive switched to BG couple months ago and ive not had any searches show up on experian or equifax

pogofish · 10 October 2016 at 9:45AM

Why isn't this on the Credit Rating board?

Neither of the potential causal factors seem to relate to credit cards.

SuzieSue · 10 October 2016 at 9:50AM

pogofish wrote: »

Why isn't this on the Credit Rating board?

Neither of the potential causal factors seem to relate to credit cards.

Because I didn't know there was a Credit Rating board. I will post it there too.

Changing energy supplier could affect your credit rating

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