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Multiple current accounts - credit rating?

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xmillyx

xmillyx Posts: 137 Forumite

8 January 2014 at 9:57PM in Savings & investments

Hi, I'm not sure if this is the right place to post but I'm thinking of opening a flex-direct and santander 123 current account, to make use of the good interest rates.

I already have a Natwest current account. I want to apply for a mortgage (as a FTB) this time next year. Will it affect my credit rating?

Thanks.

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Comments

Archi_Bald Posts: 9,681 Forumite

8 January 2014 at 10:21PM

Doubt it, as long as you keep all your accounts free from defaults.

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rb10 Posts: 6,334 Forumite

8 January 2014 at 11:05PM

Ditch the Natwest account. Then you'll just have two, which certainly won't have any negative impact.

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planteria Posts: 5,322 Forumite

8 January 2014 at 11:29PM

i have asked this before. i currently have 8 current accounts. a friend of mine has 24. i am assured that it makes no difference.

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Vortigern Posts: 3,302 Forumite

8 January 2014 at 11:38PM

xmillyx wrote: »

Will it affect my credit rating?

Don't ask for an overdraft. That would affect your credit rating.

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Ifts Posts: 1,960 Forumite

9 January 2014 at 3:57AM

This thread may be of interest to you:

Current account switching and credit ratings

Never let the perfume of the premium overpower the odour of the risk

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