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    • Skynexer
    • By Skynexer 12th Oct 16, 10:50 PM
    • 1Posts
    • 0Thanks
    Applying for Finance just after accepting another agreement
    • #1
    • 12th Oct 16, 10:50 PM
    Applying for Finance just after accepting another agreement 12th Oct 16 at 10:50 PM
    I've recently been accepted for finance for an item worth 1000 and was wondering if this will have any effect on me applying for finance with another company/broker in the next few weeks?

    My credit score is fine with no missed payments etc, but will applying for finance in a short space of time (even though accepted) effect my next chance ?

    Many thanks
Page 1
    • zx81
    • By zx81 13th Oct 16, 4:23 AM
    • 11,603 Posts
    • 11,609 Thanks
    • #2
    • 13th Oct 16, 4:23 AM
    • #2
    • 13th Oct 16, 4:23 AM
    Yes, it could.
    • SeanG79
    • By SeanG79 13th Oct 16, 8:54 AM
    • 845 Posts
    • 380 Thanks
    • #3
    • 13th Oct 16, 8:54 AM
    • #3
    • 13th Oct 16, 8:54 AM
    It could but it will depend if the new finance is reported as activated yet, or still showing as the credit search.

    The credit search may have a minimal impact but I wouldn't expect that to result in a decline. If the credit agreement is being reported as active, then they new application will take that into account when considering affordability and exposure.
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