Credit search in short space of time

Keep_It_Simple_please

I purchased a 2nd hand car through a national dealership, I took out my own finance.

Within 30 days, the car developed issues, following independent assessment, the faults were known at point of sale, thus, I rejected the car through my finance company.

Long story short, the dealership now have the vehicle, and finance has been settled.

My question is, given the finance company completed a credit search prior to approval, as I need another car, I'm going to have to make another credit application.

I assume having another credit search in a short space of time (December 2020) will affect my credit rating, in turn, may affect the interest I pay.

Is there anything I can do to show the reason for another credit search in a short space of time, I don't see why I should be penalised for something that wasn't my fault.

sourcrates

I very much doubt one will have much affect on the other, you don`t have a credit rating in the UK, the lender either decides to lend to you, or not, based on your credit history, if that`s the only recent hard search you have, I don`t see that as excessive.

Jamesyb123

From my experience 2 credit searches in short space is ok it’s usually when you start having 3 or more searches that it has a real negative effect on your credit file.

Keep_It_Simple_please

Thanks both, that's put my mind as ease