Would appealing a decision from a bank leave a mark on my credit file?

ChronicThinker

I made a post yesterday but for some reason cannot post again on it. 

So I attempted to open a current account with RBS yesterday and was immediately told they’re unable to give me one. This no doubt probably left a mark on my credit file. I suspect this is because they checked my credit score with a particular agency and it was below a particular number. 

Anyway would appealing this decision leave another mark on my credit file? Is there any harm in appealing?

eskbanker

You can check your credit files to see if there's a hard search on there (as you say, there probably will be, unless they rejected your application earlier in the process), but appealing the decision shouldn't impact any further on your credit files, although is likely to be pointless.  As pointed out on most threads on the credit file board, the score is a made-up number not seen by prospective lenders, so RBS won't have looked at an invented figure, they'll have looked at the underlying data and reached a conclusion based on their own proprietary algorithms.

bazzyb

ChronicThinker said:

Anyway would appealing this decision leave another mark on my credit file? Is there any harm in appealing?

No.  But unless you have some specific information which you feel may have not already been taken into account, it may be a pointless exercise.

ChronicThinker said:

So I attempted to open a current account with RBS yesterday and was immediately told they’re unable to give me one. This no doubt probably left a mark on my credit file. 

I would expect for a current account application that it would likely be a soft search so should not leave a 'mark' but do check to make sure this is correct.

smashinglynaive

bazzyb said:

ChronicThinker said:

Anyway would appealing this decision leave another mark on my credit file? Is there any harm in appealing?

No.  But unless you have some specific information which you feel may have not already been taken into account, it may be a pointless exercise.

ChronicThinker said:

So I attempted to open a current account with RBS yesterday and was immediately told they’re unable to give me one. This no doubt probably left a mark on my credit file. 

I would expect for a current account application that it would likely be a soft search so should not leave a 'mark' but do check to make sure this is correct.

I'd very much expect it to be the other way around.

In fact, I opened (or tried to they wanted me to hand over ID in branch which I was unable to do) an Ulster Bank account a few months back and other is a hard search from that.  Most current accounts offer credit facilities (even if it is in the form of an unarranged overdraft) so hard credit checks are par for the course.