Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • Scotbot
    • By Scotbot 15th Aug 19, 4:41 PM
    • 150Posts
    • 97Thanks
    Scotbot
    Multiple credit checks
    • #1
    • 15th Aug 19, 4:41 PM
    Multiple credit checks 15th Aug 19 at 4:41 PM
    I came back from living overseas 2 years ago and have been in my house which I own for 21 months. When I came back I could not get a mobile phone contract as I had no credit history or job. I got a credit card with a low limit 9 months ago. Online banking now tells me I am 'highly likely to be accepted for a credit increase.

    I want to get a monthly mobile SIM contract with BT who I have my broadband with this will be about 12 a month, increase my CC limit and switch my utility supplier. What is the best order to do this in so I don't screw up my credit history? How long should I wait before each application?
Page 1
    • Willing2Learn
    • By Willing2Learn 15th Aug 19, 4:43 PM
    • 3,798 Posts
    • 3,390 Thanks
    Willing2Learn
    • #2
    • 15th Aug 19, 4:43 PM
    • #2
    • 15th Aug 19, 4:43 PM
    There is no need to wait before each application. It won't 'screw up' your credit history. Just apply for each account when it is convenient for you.
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    • Gary_Dexter
    • By Gary_Dexter 15th Aug 19, 4:54 PM
    • 5,718 Posts
    • 3,795 Thanks
    Gary_Dexter
    • #3
    • 15th Aug 19, 4:54 PM
    • #3
    • 15th Aug 19, 4:54 PM
    It’s doesn’t matter.

    Just apply.
    • Scotbot
    • By Scotbot 15th Aug 19, 5:20 PM
    • 150 Posts
    • 97 Thanks
    Scotbot
    • #4
    • 15th Aug 19, 5:20 PM
    • #4
    • 15th Aug 19, 5:20 PM
    I thought multiple hard searches could count against you?
    • Willing2Learn
    • By Willing2Learn 15th Aug 19, 5:25 PM
    • 3,798 Posts
    • 3,390 Thanks
    Willing2Learn
    • #5
    • 15th Aug 19, 5:25 PM
    • #5
    • 15th Aug 19, 5:25 PM
    Multiple hard searches will reduce your CRA credit score. But since lenders neither use nor see your credit score, it doesn't really matter!
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    • Gary_Dexter
    • By Gary_Dexter 15th Aug 19, 5:35 PM
    • 5,718 Posts
    • 3,795 Thanks
    Gary_Dexter
    • #6
    • 15th Aug 19, 5:35 PM
    • #6
    • 15th Aug 19, 5:35 PM
    Multiple credit searches can raise flags to lenders when you apply for credit.

    But for what you’re looking to apply for it won’t make much of a difference if any.
    • DCFC79
    • By DCFC79 15th Aug 19, 6:52 PM
    • 34,727 Posts
    • 21,990 Thanks
    DCFC79
    • #7
    • 15th Aug 19, 6:52 PM
    • #7
    • 15th Aug 19, 6:52 PM
    I thought multiple hard searches could count against you?
    Originally posted by Scotbot

    It possibly depends what the hard searches are for eg if the hard searches are all lown related then yes could go against you but if they are for utilities, a sim only contract I cant see it being an issue.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

2,794Posts Today

6,171Users online

Martin's Twitter