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How long do searches affect your credit report?
Looking to consolidate some debt and do some work on a property we rent out, long story short I applied for a loan in October and was accepted on the advertised (really good) rate, panicked at the thought of taking out extra debt just before Christmas and thought I would be sensible and defer until after the festive period, only to then be declined by the same company! Have just tonight made an application in both mine and DH's name at a different company who do the 'soft search' option which gave us an APR of 9.9% only to be declined again, so now I have three credit searches and no new accounts over the last 6 months. How long is this going to have an adverse effect on my credit report?
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Comments
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They are visible on your CRA file for 6 months to other providers. Evidently on the lenders own system they can stay as long as the lender feels it is relevant0
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The own lender has their own computer systems and can keep data on there as long as they want, subject to normal DPA rules on relevancy (normally gotten around with the counter fraud card)
From the CRA they wont see older applications but checking their own systems they evidently can0
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