Insurance searches

Lulu0110

My husband and I have always protected our credit ratings but his is very much better than mine. I looked at my report and I do all the shopping around for all many insurances every year and even though I pay annually and do not use credit to pay there are many dozens of credit searches for many companies that I never use. Does this affect my credit rating?

[Deleted User]

No. These are soft searches and aren't visible to lenders.

GingerBob_3

Lulu0110 wrote: »

My husband and I have always protected our credit ratings but his is very much better than mine. I looked at my report and I do all the shopping around for all many insurances every year and even though I pay annually and do not use credit to pay there are many dozens of credit searches for many companies that I never use. Does this affect my credit rating?

You can stop this by putting bogus, but realistic, information into the comparison sites. Only when you're ready to commit to a product should you enter accurate details, and then just for the company you're going to deal with - perhaps directly rather than linking to their webpage via the comparison site.

jellie

GingerBob wrote: »

You can stop this by putting bogus, but realistic, information into the comparison sites. Only when you're ready to commit to a product should you enter accurate details, and then just for the company you're going to deal with - perhaps directly rather than linking to their webpage via the comparison site.

And hope that your chosen insurance company doesn't think you've tried to manipulate the data to get a better price.

GingerBob_3

jellie wrote: »

And hope that your chosen insurance company doesn't think you've tried to manipulate the data to get a better price.

And how could they possibly come to that conclusion?