Spacin out your loan-credit card applications?-HOW FREQUENT TO APPLY ??

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Danny_G
Danny_G Posts: 717 Forumite
First Post First Anniversary Combo Breaker
edited 1 December 2009 at 5:54PM in Credit cards
when they advise you to space out your loan-credit card applications, and dont apply for too many at once, what would be the frequency at which you should apply for credit cards....to be on the 'safe side'

2-3 credit cards every 4 months? (spaced out/or on the same week/or same day) for example?

4 credit cards in 6 months? (spaced out/or on the same week/or same day) for example?

Is it safe to do the Same day one, in the fact that they will be documented, and each card wont be able to tell that other applications have been made out (as they are too recent to have been noted on your credit file) ?

Give me the best-safe case scenario- ie my Credit is above average.
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Comments

  • cifpower
    cifpower Posts: 6,502 Forumite
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    you could apply for 3 or 4 in a day and then none for 6-9 months

    10 searches a year is viewed as "sufficient"
  • Danny_G
    Danny_G Posts: 717 Forumite
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    cifpower wrote: »
    you could apply for 3 or 4 in a day and then none for 6-9 months

    10 searches a year is viewed as "sufficient"

    thanks.

    Want to hear many opinions on this question from diff people, especially if you know the system well icon6.gif...
    No Unapproved or Personal links in signatures please - FT3
  • spike274
    spike274 Posts: 31 Forumite
    edited 4 October 2010 at 4:05PM
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    Hi,

    Did you (or anybody else) apply for several credit cards at once?

    Did it work? How many did you do?

    I am thinking about trying a few for stoozing against my offset mortgage and if half say yes then great.

    Any comments would be appreciated.

    Thanks
  • ILW
    ILW Posts: 18,333 Forumite
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    I would have thought the best bet was just to stop applying for more loans and credit cards.
  • spike274
    spike274 Posts: 31 Forumite
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    Hi,

    Sorry I think you've got me confused with somebody else. I don't have any problems getting credit but I would like to get as much credit as possible for stoozing purposes. :)

    If anybody can tell me how quickly your credit file updates after you apply for a credit card then please let me know.

    Thanks
  • ElkyElky
    ElkyElky Posts: 2,459 Forumite
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    spike274 wrote: »
    Hi,

    Sorry I think you've got me confused with somebody else. I don't have any problems getting credit but I would like to get as much credit as possible for stoozing purposes. :)

    If anybody can tell me how quickly your credit file updates after you apply for a credit card then please let me know.

    Thanks

    Sorry, I should have made my post more clear. I was referring to 'Danny G', who created this thread.


    If you mean how quickly credit searches take to appear on your credit file, then it's instantly as far as I'm aware. The search data is recorded on your file the moment the lender looks at it.
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  • KingElvis
    KingElvis Posts: 4,100 Forumite
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    ^^ yep that's right.

    I have managed to get two approved in one day though.
    "We want the finest wines available to humanity, we want them here, and we want them now!"
  • spike274
    spike274 Posts: 31 Forumite
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    KingElvis: I don't suppose you remember which cards do you please? Thanks
  • LeeSouthEast
    LeeSouthEast Posts: 3,822 Forumite
    First Anniversary Combo Breaker Debt-free and Proud!
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    I've had 6 searches in the last 3 months (most of them in the last 3 weeks). However I'm moving house, got a new credit card etc. etc. Not been declined yet lol
    Starting Debt: ~£20,000 01/01/2009. DFD: 20/11/2009 :j
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  • KingElvis
    KingElvis Posts: 4,100 Forumite
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    spike274 wrote: »
    KingElvis: I don't suppose you remember which cards do you please? Thanks

    Barclaycard Gold and Natwest Classic

    I think you have to be a Natwest customer but I'm not sure :)
    "We want the finest wines available to humanity, we want them here, and we want them now!"
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