Access to too much credit

little_miss_muppet_face

RAS wrote: »

Hi

If yoiu have made three applications in the last three months, then stop, as this will affect your rating badly.

So how long will it take for credit file to be okay again once 3 failed credit applications have taken place.. (just outta interest)/.. Anyone know ?

Tixy

little_miss_muppet_face wrote: »

So how long will it take for credit file to be okay again once 3 failed credit applications have taken place.. (just outta interest)/.. Anyone know ?

Generally advised to have no more than 3 applications is a 6month period. So after 6months you should be okay. But its best to keep applications to a minimum.
Whether they are failed applications or successful should not make any difference to any new applications.
That said if you have been declined 3times then before applying again you need to try to work out why you were declined. If you have been declined that many times unless something significant changes in your finances or on your credit report it seems unlikely you will be accepted for any similar products.