Halifax did a credit check for an Easycash Account

Gromitt

Heck, I've applied for 3 current accounts and 5 credit cards in the last 3 months, never mind the last year!

2 hard searches in a year isn't going to do anything to your credit report.

All the other lenders see however is this:

30/12/2011Application Type: Current Account

They've no idea what kind of current account, or with who.

A_Flock_Of_Sheep

I didn't think that Basic accounts reported monthly to the CRA's?

stclair

A_Flock_Of_Sheep wrote: »

I didn't think that Basic accounts reported monthly to the CRA's?

Yeah most basic bank accounts report to CRAs now a days.

MoneySaverLog

Gromitt wrote: »

Heck, I've applied for 3 current accounts and 5 credit cards in the last 3 months, never mind the last year!

2 hard searches in a year isn't going to do anything to your credit report.

All the other lenders see however is this:

30/12/2011Application Type: Current Account

They've no idea what kind of current account, or with who.

That's what I thought, I knew they could not see who the agreements were with, but was not sure about the searches. I'd not worry about current account searches either. Most people have more than one bank account now especially given the offers at the moment.

I would however, as a creditor, be a little concerned if I saw multiple Credit Card, Loan searches etc in a short space of time with no agreements, that would indicate that no one is prepared to lend to you. Or if the agreements are there that you could be over committed

jen245

PhenoM wrote: »

I agree Jen, but if I knew they would credit check, I'd have gone ahead and applied for the Halifax Reward current account, with no monthly fees, rather than the most basic one.

The only reason to open it was to not have any additional searches. I don't want to be stuck with their most basic account if they did have to do a full search on me anyway.

Give them a ring, and see if they'll offer you the Reward account instead, or just apply for it anyway

money_grows

Hi PhenoM,

Sometimes it might be worth doing an application on a full current account I.E Halifax.

You never know you may be accepted, Or at worst they will offer you a there basic account there and then.

Most banks will offer you there basic account as long as you meet the criteria.

Gromitt

jen245 wrote: »

Give them a ring, and see if they'll offer you the Reward account instead, or just apply for it anyway

They'll probably do another credit search. When I was refused the Clarity CC, I asked in a branch why, they had no idea, said they'd look into it. Ended up grabbing a fresh copy of my credit report before saying "No idea". I don't know why they couldn't have used the one they got a few days earlier!

Its probably all automated though to be honest.

MoneySaverLog

Was it a full search like the other one for a Credit Card or marked as an enquiry? If it's an enquiry it's nothing to worry about as no one other than yourself can see it.

jen245

They might do another search, but I don't think it will make a huge difference to be honest, with only 2 searches, I'd go for it, at least there's a chance of getting a better account out of it.

Halifax searched me twice when I applied for my Clarity card, on the same day, then did a ML check with call credit

Gromitt

MoneySaverLog wrote: »

Was it a full search like the other one for a Credit Card or marked as an enquiry? If it's an enquiry it's nothing to worry about as no one other than yourself can see it.

Make that a further TWO searches:

16/12/11: HALIFAX PLC, Type: CREDIT CARD
16/12/11: HALIFAX PLC, Type: CREDIT CARD
18/12/11: HALIFAX PLC, Type: CREDIT CARD
18/12/11: HALIFAX PLC, Type: CREDIT CARD

So, to any lender looks at my file, I looks like I applied for 4 credit cards over 3 days, when I actually only applied for 1 !