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    For anyone who has used confused.com read this

    Just a heads up. I've just had a look at my credit report and it is covered in "ROYAL & SUN ALLIANCE INSURANCE PLC" credit checks (30 in total). Turns out every time I used confused.com to get a quote, I got a credit check from them each time. For those who don't know what that means, banks, credit card companies,phone companies, insurance companies or anyone associated with money might have alarm bells ringing when they see so many credit checks carried out in a short space of time (as they may think I having been going mad applying for lots of credit) and thus refuse to approve me for a credit card / bank account / good interest rate etc etc.

    So just bare that in mind if you use confused.com and tinker bits to see if something makes a difference to your insurance or to see how much insurance is on a new car you're thinking of buying.

    12 Comments

    Hmmmmmm?

    There's an interesting thought - thanx for the Heads Up Flying Flea, much appreciated.

    (Although you can keep de, pesky fleas to yourself! Me is flea free! LOL!!)

    Purrrrr.

    xxxxxx

    Banned

    Sounds like something watchdog should be made aware of.

    Original Poster

    I've noticed that there's now a box you have to tick before getting another quote, to confirm you accept their T+C's so I'd expect it's written in their T+C's somewhere that you give them permission to do a credit check.

    Really annoyed me though, there's no need to do a credit check. None of the others do (money supermarket, go compare, comparethemarket, uswitch, tesco compare etc) that I'm aware of.

    I doubt whether it would make any difference to your credit rating, unless there's a flag if you're declined. When making a lending decision, the banks etc will know what type of transaction has been applied for and multiple goes on an insurance site would be read in exactly the way you have described i.e., folk tinkering online with their quote.

    Anyone buying a car would be well advised to shop around for insurance quotes for different models etc before buying and if in doing so it meant that folk were experiencing a negative impact on their credit rating then it would soon change. :-D

    MrGrumpyman;3934048

    I doubt whether it would make any difference to your credit rating, … I doubt whether it would make any difference to your credit rating, unless there's a flag if you're declined. When making a lending decision, the banks etc will know what type of transaction has been applied for and multiple goes on an insurance site would be read in exactly the way you have described i.e., folk tinkering online with their quote.Anyone buying a car would be well advised to shop around for insurance quotes for different models etc before buying and if in doing so it meant that folk were experiencing a negative impact on their credit rating then it would soon change. :-D





    I agree it will probably not effect his credit rating but all enquiries are flagged. You can get a free credit report at Experian (see below) though it won't show your score. It's more of a health check and is quite useful, especially if you've had joint accounts with an ex - it will show any remaining ties.

    Interesting post, thanks :thumbsup:

    freecreditreport.com/pm/…xp2

    i always use a false name and an address a couple of doors down for quotes from confused.com et al, just incase these sites mess with my quidco. also use an auto cookie cleaner before some one mentions em lol.

    Original Poster

    krjgreen;3934280

    i always use a false name and an address a couple of doors down for … i always use a false name and an address a couple of doors down for quotes from confused.com et al, just incase these sites mess with my quidco. also use an auto cookie cleaner before some one mentions em lol.



    I will be doing that in future as well I think. I have also been getting a lot of quotes because I noticed some months are more expensive than others even though my circumstances haven't changed so was trying to see which month was best to apply for car insurance.

    krjgreen;3934280

    i always use a false name and an address a couple of doors down for … i always use a false name and an address a couple of doors down for quotes from confused.com et al, just incase these sites mess with my quidco. also use an auto cookie cleaner before some one mentions em lol.



    illegal much? lol

    always use next door and a false name (and false email)

    can't be illegal because I've no intention of actually getting any insurance in that name :w00t: lol

    This subject was covered on TV before Christmas, I can't remember if it was Panorama, Watchdog, Money Show or Despatches, but it covered these search sites. It also stated how the comparison sites "adjust" the results to prefer companies that pay the most referral fee. It also covered how these companies pass on your details to other less reputable companies. Anyone had any e-mails from the Trading Floor offering loans to buy the car you've just had an insurance quote on?

    Original Poster

    Just read this in confused.com's privacy policy:

    "Many providers operate a credit scoring system and will carry out checks with credit reference and fraud prevention agencies. Often the companies that we request quotes from will only do a credit check once you have decided on a particular supplier. Every application you submit for a loan or credit card may count towards your credit scoring so you may want to keep applications to a minimum to protect your credit rating."

    Original Poster

    pugw$sh;3953140

    This subject was covered on TV before Christmas, I can't remember if it … This subject was covered on TV before Christmas, I can't remember if it was Panorama, Watchdog, Money Show or Despatches, but it covered these search sites. It also stated how the comparison sites "adjust" the results to prefer companies that pay the most referral fee. It also covered how these companies pass on your details to other less reputable companies. Anyone had any e-mails from the Trading Floor offering loans to buy the car you've just had an insurance quote on?



    I use sneakemail ([url]www.sneakemail.com[/url] an e-mail redirection service) so if they did spam me then firstly I would know if they did (they haven't) and secondly I could stop the spam by deleting the e-mail address I have associated with confused.com The only time I have been contacted is when I receive an e-mail / call from the cheapest car insurer. I usually tell them I found it cheaper elsewhere and they normally get off the phone pretty quickly. Easier than telling them all about cashback etc.
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