Credit score help

stov

This showshow naive i am......

I wanted a loan for £10000 over 5 yrs. I enquired with M&S, Tesco and A/L, i also enquired to add to my mortgage with A/L, and enquired for a credit card with tesco and M&S....stupid i know...hindsight and all that.

I was just seeing how much each would cost, little did i know that these affect my credit score, i presumed if i signed up then this would affect the score BUT NO if you enquire it is the same.

so my thought of £196 a month has now gone up to £227!!

How can i get my score back to what it was, i've NEVER had a CC, one loan that was paid off 5yrs ago and a mortgage which is 50% of the house value.

Any advice:(

CLAPTON

wait 6 to 12 months before making any more applications.

In any event, best to get a CC; use if regularly for things you normally buy and pay in full each month... this will show on your credit record as being some-one who can handles credit well.

of course you could save up for things you want rather than paying lots of interest

stov

can i not pleed my lack of knowledge/experience to the credit score people, and tell them i was just comparing quotes and wasn't aware that each time i enquired it was being added to my score

CLAPTON

stov wrote: »

can i not pleed my lack of knowledge/experience to the credit score people, and tell them i was just comparing quotes and wasn't aware that each time i enquired it was being added to my score

You can try to appeal to the lenders for lower APRs; some people report successes here.

nicky29

Definitely wait before making any more applications thats the only thing you can do!

hayleywatson1

oh my goodness i never realised that just searching for quotes would have an effect.