We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Credit check and their affect on your credit score?
eden1969
Posts: 85 Forumite
in Credit cards
If you apply for a loan or credit card how long does the credit check stay on your record? And does this really affect your rating?
0
Comments
-
All checks stay on your report for either 6 months or a year, depending on agency. Experian, I know for certain, keep searches for a year.
It shouldn't affect your score too much, really. Some big no-nos though are multiple searches in a short space of time (indicator of fraud or financial desperation) and repeated searches over a month (again, financial desperation). I learnt this the hard way; keep your searches to a minimum. Don't just "throw everything against the wall and see what sticks" when applying for credit, try and make a decent judgement before applying as to what cards/banks will accept you.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604.1K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards