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How many hard searches do damage?
FtbDreaming
Posts: 1,128
Forumite
I have 2 from February (Mortgage apps) 1 failed 2nd one approved. Then I changed my broadband provider to virgin media in April and they done a hard search too. So now I have 3 hard searches in past 12 months. What sort of damage will this do to my file? I’m not really planning of applying for any credit anytime soon. Unless I end up with a big item such as a new Kitchen (likely after August 2021). But I haven’t had any previous hard searches since about 2014.
Ive spent the last 4 years cleaning up my report and have no defaults, 0% credit usage and a satisfied CCJ due to drop off in July 2021.
I just want my credit report to be spotless. Just worrying about if these searches could do damage pre completion of mortgage.
Ive spent the last 4 years cleaning up my report and have no defaults, 0% credit usage and a satisfied CCJ due to drop off in July 2021.
I just want my credit report to be spotless. Just worrying about if these searches could do damage pre completion of mortgage.
Mortgage started August 2020 £69,700
Mortgage ends Aug 2050 MFW: Aug 2027
Current Balance: £58,678
MFW2020 #156 £723.13
MFW2021 #26 £1184.71
MFW2022 #11 £197.87
MFW2023 £785
MFW 2024 £528.15
Mortgage ends Aug 2050 MFW: Aug 2027
Current Balance: £58,678
MFW2020 #156 £723.13
MFW2021 #26 £1184.71
MFW2022 #11 £197.87
MFW2023 £785
MFW 2024 £528.15
Determined to make it!
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Comments
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None whatsoever.0
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Fab! Thanks for the replyMortgage started August 2020 £69,700
Mortgage ends Aug 2050 MFW: Aug 2027
Current Balance: £58,678
MFW2020 #156 £723.13
MFW2021 #26 £1184.71
MFW2022 #11 £197.87
MFW2023 £785
MFW 2024 £528.15Determined to make it!0 -
You don’t see what is failed and approved. Only that the search happened.0
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i have 19 searches with experian! The last being on May 1st!0
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3 searches in a year? Minimal impact - 30 searches in a year? Major impact.0
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And that is why thou cannot successfully apply for a credit accountxlnc99 said:i have 19 searches with experian! The last being on May 1st!
I work within the voluntary sector, supporting vulnerable people to rebuild their lives.
I love my job
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I dont think its anything to do with my searches. Its because i have got 4 loans out and 3 credit cards maxed out. Searches actually make minimal impact from a lenders point of view.0
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Then work on clearing your existing debt down rather than looking for more credit!!!!!xlnc99 said:I dont think its anything to do with my searches. Its because i have got 4 loans out and 3 credit cards maxed out. Searches actually make minimal impact from a lenders point of view.
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i agree - tough times at the moment. I am barely able to afford the minimum payments at the moment.0
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