Credit Report

inspireme247

As expected, my credit report has some negative factors due to many credits, see below for the factors:

You have a significant number of recent searches on your credit report

You have recently opened 1 or more new credit accounts.

Will it be disappeared in a year time or 6 months?

Tixy

Those negative factors are a rough guide only.

In terms of your ability to get credit, once searches are 6months old then generally new potential lenders won't be too concerned about them. The searches will stay visible on your file for 1 or 2 years (depending on which credit reference agency).

The newly opened credit account is unlikely to be a major issue going forward, although obviously that account would be factored in to any potential lenders affordability calculations for you.