Credit check...!

rakesh5883

Hi all,

I had a few questions on this Credit File etc.,

I intend to move my Current account to another provider.

Now, what's the whole story about moving bank accounts could impact your credit file? (I've been with my current bank for 5 years!)

Also, I intend to take a mortgage in the next 3-4 months?

Just need some advice on the whether this account move would impact me or not?

Can you please advice me, thanks a lot.

boo_star

The old account (assuming you're closing it) will remain on your credit file for the next six years so any impact that losing a "long term" account won't be felt in the next few months.

Being credit checked for a current account shouldn't cause any problems, anyone who checks your file will be able to see what type of product it's for.

David_White

Moving your current account will not damage your credit rating and will not have any impact on a mortgage application.

The industry has gone through extensive changes in the last year or so to encourage people not to be afraid of switching bank.

If it's a better deal go for it.