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Changing Current Accounts does it damage credit rating?
AircraftHandler
Posts: 146 Forumite
Hi there im thinking of moving my current account to Nationwide & im wondering if it will damage my credit rating as i have banked with Halifax for 14 years?
Any help would be appreciated.
Any help would be appreciated.
0
Comments
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Slightly....but if you keep your Halifax account open then when a credit/loan/insurance application asks how long have you been with your bank then you can still say 14+ years and it will make little difference. You can have current accounts with every bank if you wanted to.:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0 -
Yep - as above, time with bank has a weighted score depending on lenders and products - how much weight it carries is not known. But keep the Halifax one open and it gets around any potential issues with applications that you make while designating it as your account.0
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