How does a new bank account affect me

modder25

Hi all,

I am thinking of opening a new bank account but also am in need of a new car as my company car is about to be given back so will need to part finance another car.

If I open up open up a new account will this affect my chances of obtaining credit for a new car at all?

Many Thanks

Candyapple

One credit search shouldn't affect your chances of obtaining credit for a car.

You should check that you are on the electoral roll and that all your other credit accounts are showing correct info and that your debt:credit ratio is relatively low.

modder25

Candyapple wrote: »

One credit search shouldn't affect your chances of obtaining credit for a car.

You should check that you are on the electoral roll and that all your other credit accounts are showing correct info and that your debt:credit ratio is relatively low.

Hi Candyapple,

Thank you for your reply.

I am on the electoral roll and have been for just over a year, I was on my previous property too for over 5 years.

I am currently using 1% of my available credit and have no searches on my file apart from insurances quotes in the last 12 months.

I have recently had a CCJ drop off my file in November last year and havent applied for anything as I am a little worried about being knocked back even though my file is all up together now and nothing negative on there.