Help with my Call Credit report please!

19lottie82

1) My car insurance is due for renewal soon so I have been looking at quotes via the main comparison sites and a couple of other insurers. I have just checked my Call Credit report and the following appears

• Search Reference:{4A27D469-D67D-405C-B290-6E7F3C4DACE4}
• Search Organisation:Insurance Initiatives Limited (IQ)
• Search Unit Type:Insurance Price Comparison Site / Broker (via IIL)
• Name:
• Date of Birth:
• Address:3
• Search Date:27/03/2012
• Search Purpose:General Insurance (Non Credit)

• Search Reference:{4EDAFE6F-37A7-4550-A3A3-59959C70A165}
• Search Organisation:Insurance Initiatives Limited (IQ)
• Search Unit Type:Insurance Price Comparison Site / Broker (via IIL)
• Name:
• Date of Birth
• Address:
• Search Date:27/03/2012
• Search Purpose:General Insurance (Non Credit)

Will these searches related to car insurance quotes have a negative effect on my credit rating?

2) There is also the following entry for a search, can anyone tell me what it is?

· {8EC46D57-D6AC-4C3B-8AA9-645C6830B4A9}
· Search Organisation:GB Group Plc (ID)
· Search Unit Type:HIFX NC
· Name:
· Date of Birth:
· Address:
· Search Date:29/02/2012
· Search Purpose:Money Laundering
3) And finally….. My Credit score with Experian is 917, but with Call Credit it is only 615 (although it still describes it as “good”, where as Experian say anything over 750 is “good”) but I can’t see any obvious differences in the report? Do they work their scoring system differently, or is there something I should be concerned about?

Thanks!

MusicalLawyer

Firstly the actual score is completely meaningless.

GB Group Plc is an organisation that works for a company to ID check people. For example they work for Black Horse, SkyBet and Scottish Power. (I have these on my credit report - because of Scottish Power)

The 2 searches - It just Looks like it could be where you've done a quote for Third Party Insurance, and then for Fully Comp Insurance, or where you've been doing Insurance quotes. If not it could be your current insurer doing a quote to send to you - to see if you want to renew.

It won't have a detrimental affect I don't think as long as you don't do too many. I think one with each comparison site would be more than enough. Otherwise you end up with too many searches on your file in a short space of time - which can be detrimental. However if for the rest of the year they can see that you've have 0 searches, but at this particular time of the year companies can see it's insurers, they may be a bit lenient as they (should) realise it's for your car insurance purposes.

19lottie82

MusicalLawyer wrote: »

GB Group Plc is an organisation that works for a company to ID check people. For example they work for Black Horse, SkyBet and Scottish Power. (I have these on my credit report - because of Scottish Power)

Ah OK. I recently changed my energy supply to N Power. Could it have something to do with that? I just panicked when I saw the "money laundering" part.


Thanks a lot ML.