Timeout from natwest... bad credit rating!?

Student19

Hi

I made an application earlier for a student credit card with natwest. I was accepted after the credit check and given a limit of £500. I took so long about reading the terms and conditions that I got timed out of the website, and received a message saying do not do anything or reapply, natwest will contact me within 7 days. Stupidly, I reapplied 15 mins later. This time, I was rejected by the credit rating agency. I want to know whether this will have reduced my credit rating? Although I was stupid, it is not exactly a reflection on my credit rating!

Thanks in advance

Mallotum_X

Have you rung them and asked?

Student19

Mallotum_X wrote: »

Have you rung them and asked?

I rang Natwest, the woman wasn't sure whether I'd be affected or not.

dalesrider

Student19 wrote: »

, and received a message saying do not do anything or reapply, natwest will contact me within 7 days.

Stupidly, I reapplied 15 mins later. This time, I was rejected by the credit rating agency.

Thanks in advance

Here is proof that exams ARE to easy to pass :rotfl:. When its clearly states not to do something and you still do it. :mad:

Student19

dalesrider wrote: »

Here is proof that exams ARE to easy to pass :rotfl:. When its clearly states not to do something and you still do it. :mad:

I have admitted that I was stupid, but everyone makes mistakes and this is the first time I've applied for a credit card. I did not realise that multiple applications can harm your credit rating until reading a thread on here.

Can anybody help? I'm hoping that since I only received one rejection, my credit rating will be unharmed...

ellesbellesxxx

It doesn't look good on your rating no- you should wait a few months between applications. however, you haven't been rejected from the first attempt have you?

Student19

ellesbellesxxx wrote: »

It doesn't look good on your rating no- you should wait a few months between applications. however, you haven't been rejected from the first attempt have you?

The first attempt was successful and I was given the maximum amount of credit for that particular card. Then since it didn't work I stupidly reapplied, which is when I got the rejection.

ellesbellesxxx

Hang on, this was from today? So... in the next 7 days you will hear something!!!!!Nowt to worry about!

Student19

ellesbellesxxx wrote: »

Hang on, this was from today? So... in the next 7 days you will hear something!!!!!Nowt to worry about!

Yes hopefully in the next 7 days I will indeed hear something and get the credit card I want, but my main worry is that this will have damaged my credit rating The only reason I'm getting a credit card in the first place is in an attempt to boost it!! Thanks for easing my worries a bit

scottishblondie

Even if you have damaged it it's only temporary - credit searches drop off after 12 months.

Student19

scottishblondie wrote: »

Even if you have damaged it it's only temporary - credit searches drop off after 12 months.

Ok great thanks, that's good news!