shopping around for a loan wqhile accepted

kphilli

I have enquired and been accepted for a loan, they are currently sending out the paperwork foir me to sign.
Am I ok to keep looking around and applying for other loans to see if i can get a better rate or will this go against me?
Will the credit check see that i have a loan pending and refuse me outright without giving me a quote

thanks in advance

loopy.magic

Absolutely, you have an offer in writing and have a set amount of time to complete the paperwork and accept the offer.

The credit check on your file is merely a record of you applying for the loan, it will have no bearing on your future applications until the loan is established and enters your credit file as an account or money you owe.

Just make sure you limit any further applications to 1 or 2, no more then that. This will protect your credit rating.

Sam_Wonne

As long as you are accepted by a lender and not being scammed by a broker saying their accepting you - I nearly fell for this one

loopy.magic

Sam_Wonne wrote: »

As long as you are accepted by a lender and not being scammed by a broker saying their accepting you - I nearly fell for this one

Very good point, I assume that the loan that's been offered is directly from a 'proper' bank or building society?

PROLIANT

Hi, please take a look at my thread here;

http://forums.moneysavingexpert.com/showthread.html?t=2055881

It may be of interest to you.