Whilst urging me to get a mortgage in principle, my bank has told me that your credit score is only affected if you have more than four credit checks per month.
Is this nonsense?
TIA
- posted
18 years ago
Credit Check
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- posted
18 years ago
"elziko" wrote
If that's the way they want to calculate a credit score, that's up to them. No, not nonsense - they can calculate it whatever way they like!
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- posted
18 years ago
Every time you have a credit check done on you a 'footprint' to this effect appears on the credit history. How much notice a particular lender takes of these footprints is up to them. You bank appears to disregard four of them. But they can't speak for other lenders.
Rob Graham
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- posted
18 years ago
Thanks for taking the time to answer.