credit searches

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how many credit searches are you allowed on your file before they start looking like your a little desperate as they say?

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  • stephane_2
    stephane_2 Posts: 3,076 Forumite
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    That will all depends on each potential lenders criteria when they look at your file, but I would say that 2 to 3 every 6 months would be considered as appropriate
  • shortbackandsides
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    i have 7 searches on equifax in the last 12 months but 3 in the last 6 months,do you think i should apply for something else or call it a day and wait a few more months
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
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    i have 7 searches on equifax in the last 12 months but 3 in the last 6 months
    For what, specifically?

    Break your answer down into the 4 oldest and 3 newest.
  • shortbackandsides
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    For what, specifically?

    Break your answer down into the 4 oldest and 3 newest.

    7 credit cards in the last 12 months,with 3 credit card searches in the last 6 months,,shall i apply or waste of time
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
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    How many of the recent 3 were you accepted for? And were the limits 'good'?

    Is it the end of the world if you're declined and have to wait another 3-6 months?

    What's your debt to income ratio?

    What's your debt to available credit ratio?
  • shortbackandsides
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    How many of the recent 3 were you accepted for? And were the limits 'good'?

    Is it the end of the world if you're declined and have to wait another 3-6 months?

    What's your debt to income ratio?

    What's your debt to available credit ratio?

    i owe 4k salary 22k,no missed payments no defaults or anything like that,last card i was turned down for was bank of ireland gold card which only found out tonight as i phoned them

    i have a capital one card with 5k limit,with 3k balance,just wondered would those 3 searches in the last 6 months blown my chances for a while
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
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    just wondered would those 3 searches in the last 6 months blown my chances for a while
    The number of recent searches is only one criterion in credit scoring (hence all my questions). However, if the answer to my question 2 is no, I think I'd be inclined to chance it.
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