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Does rejecting a loan agreement affect credit rating?

Boznap
Posts: 13 Forumite


Hello
I've recently applied for and been offered a personal loan for £8k through Sainsburys, but I don't need the loan anymore. They have sent me the agreement papers through and I haven't signed or returned them yet.
Can anyone advise whether my credit rating/history will be tarnished should I decide to pull out at this stage?
Many thanks in advance!
I've recently applied for and been offered a personal loan for £8k through Sainsburys, but I don't need the loan anymore. They have sent me the agreement papers through and I haven't signed or returned them yet.
Can anyone advise whether my credit rating/history will be tarnished should I decide to pull out at this stage?
Many thanks in advance!
0
Comments
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Just the associated search will have an impact. If not too many of them in too short a time then should be no harm.Still rolling rolling rolling......
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SIGNATURE - Not part of post0 -
Thank you Rizla King!0
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