Applying for new accounts, which will affect my credit rating?

vpcuk.org

Hello there, ive been reading up on quite a number of the articles on the main site and thought it was time to sign up to the forum.

Im currently sorting out all my accounts and will be applying for a few new ones due to low interest rates on the accounts i already have, but i need to know before i do, what would actually show up on my credit report and what would affect my credit rating!?!

I dont want to apply to more than one account for a couple of months if they do. So here's my list:-

Current account - I had a Lloyds TSB Classic and upgraded it online to the Classic Plus last week.
Mini ISA - Ive also already applied for the Icesave mini isa last week
Savings Account
Regular saving account

Thanks

J

dmg24

Hi J,

Welcome to MSE.

You would probably be best posting this on the Savings board.

In the meantime, you are not allowed a username that is a web address. Therefore you need to contact Abuse to change your name. If you click on the red triangle at the bottom of your post, this will allow you email them.

vpcuk.org

Thanks dmg.

carpetbelly

As savings accounts aren't credit products they will not affect your credit rating. Searches for accounts would if the bank you apply with do this but other than that I'd personally choose carefully what account you like and keep your applications to a minimum.

Glad

Hi, Martin’s asked me to post this in these circumstances: I’ve asked Board Guides to move threads if they’ll receive a better response elsewhere(please see this rule) so this post/thread has been moved to another board, where it should get more replies. If you have any questions about this policy please email [EMAIL="abuse@moneysavingexpert.com"]abuse@moneysavingexpert.com[/EMAIL].