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Applying for Finance just after accepting another agreement
I've recently been accepted for finance for an item worth £1000 and was wondering if this will have any effect on me applying for finance with another company/broker in the next few weeks?
My credit score is fine with no missed payments etc, but will applying for finance in a short space of time (even though accepted) effect my next chance ?
Many thanks
My credit score is fine with no missed payments etc, but will applying for finance in a short space of time (even though accepted) effect my next chance ?
Many thanks
0
Comments
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Yes, it could.0
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It could but it will depend if the new finance is reported as activated yet, or still showing as the credit search.
The credit search may have a minimal impact but I wouldn't expect that to result in a decline. If the credit agreement is being reported as active, then they new application will take that into account when considering affordability and exposure.0
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