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Credit Searches
BugsyBrowne
Posts: 5,697 Forumite
in Loans
Could loads of credit searches in a short space of time be a thing of the past?
Right payed off my Flybe card and got shot of it,but still kept my barclaycard with a balance of 1.7k limit 3.5k so I just have the one credit card,December 30th Zero credit searches on Experian in the last 6 months,so me and my OH decided it might well be time to get shot of our 2 rust buckets of cars we have, and try for something nice,something we can look after,so got in touch with a car dealer he said yeah we use a few credit companies so I applied,to my horror on new years eve I was searched 5 times off different companies,so 5 blo0dy credit searches in 2 days went on my credit file,so cut a long story short thought oh well that's my report trashed until july, then looked through Autotrader see a car I liked applied for finance thinking I have no chance as I probably look desperate with all those searches,dealer phoned back and said Santander Motor Finance have accepted you, can you Email us 3 months of bank statements which I did then 1hr later dealer said everything has gone through.
Question is did they just ignore the credit searches do you think?
Right payed off my Flybe card and got shot of it,but still kept my barclaycard with a balance of 1.7k limit 3.5k so I just have the one credit card,December 30th Zero credit searches on Experian in the last 6 months,so me and my OH decided it might well be time to get shot of our 2 rust buckets of cars we have, and try for something nice,something we can look after,so got in touch with a car dealer he said yeah we use a few credit companies so I applied,to my horror on new years eve I was searched 5 times off different companies,so 5 blo0dy credit searches in 2 days went on my credit file,so cut a long story short thought oh well that's my report trashed until july, then looked through Autotrader see a car I liked applied for finance thinking I have no chance as I probably look desperate with all those searches,dealer phoned back and said Santander Motor Finance have accepted you, can you Email us 3 months of bank statements which I did then 1hr later dealer said everything has gone through.
Question is did they just ignore the credit searches do you think?
0
Comments
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Finance on cars is generally more easy to obtain as it is secured against an asset (the car).
If you stop repaying, they have something to grab.0
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