wht if doing too many credit check

lichung

just got rejected by HSBC for student credit card, need some ideas on how to improve my scores

i am not sure if it is the case that i've done too many credit checks in recent months, i hv done 7 checks in mobile shops and banks.

1) is that the bank will automatically decline ppl who have done a certain number of credit checks in past few months?

2) for how many months will they trace my credit check records up to? 1 year? 6 months?

3) can i boost the score by increasing the number of transactions and the amount of money in my current HSBC a/c

4) i have recently switched my direct debit from the HSBC current a/c to a Lloyds one, will this affect my score?

5) the staff told me the only thing i can do is to wait for a couple of months. does anybody know if there is a appeal dept in HSBC?


cheers

HannaB

http://www.moneysavingexpert.com/banking/credit-rating-credit-score

Try reading the article at the above link.

Too many credit searches may have an affect on your credit rating, but the above article will have some tips on how to improve it. I think that these searches will only stay active on your credit rating for 12 months.