Does getting mortgage advice harm your credit rating?

2 replies
Found 14th May 2007
A friend of mine told me that the more credit checks you have when getting mortgage advice, it harms your credit rating. Is this true?

For example, I go get mortgage advice now, and then again in October, and this would harm my credit rating as opposed to just getting advice in October.

  1. Misc
  2. Mortgage

Advice where you don't give them your details to check up on you, but an application request where a search is done on you might be held against your name. Sometimes, some searches do not register, ask them if they are going to do a search on you, but why would you have a search done if you only want advice?

Dont fret over it. It's just that it shows on your credit rating.

I've never had a credit problem & search for loans etc on a regular basis & have never been knocked back...

All (full) credit searches will show on your file, Finance companies can do a 'silent' search, usually when you make a first enquiry or quote, if you go past this quote stage - the 'footprint' is registered on your file - the more searches for credit you have on your file the more it will affect your credit rating.
Post a comment
    Top Discussions
    1. Best Way to Cook Pheasant Breasts?33
    2. Wireless earphones57
    3. Will iPad 2 iOS update slows it down?44
    4. Jd sports11

    See more discussions