Hi there,
Looking at my credit file from experian and Ive noticed that there are a few Credit Searches on there (which I have done over the years) and I was wondering if that will affect my Credit Rateing.
Is there anyway of getting rid of the searches on my file?
Also, is there anything that i can do to improve my credit file (the only bad debt I had is with one2one (about 5 years ago which is paid, from my old address).
Thanks in advance,
dave.
Credit searches do affect you credit score. It works on a six months roling period. So if you ever have trouble getting credit, wait 6 months before re-applying.
"dave layton" wrote
It should show as settled then.
If you're having trouble, your employment and postcode rather than credit hsitory could be the problems.
Not unless there are lots (probably 20+) in a few months.
Wait!
The best thing you can do is make sure that all your payments are made on time - set up direct debits where possible.
I've had a few probs with this myself so i'll tell you what worked for me. Just get a couple of credit cards from whereever and spend a small amount of money on them for 6 months. I paid my contract phone bill with them every month and then both were reporting a good account to experian. Easy as that. Credit Files are a bit of a black art in my experience but if you have alot more good references on them than bad then it should be fine.
Searches can work in a number of ways, for example, my company will do a search with experian to see if a prospective client has any bad debts but wont report the account status month by month, only if they default on their account.
Improving your credit rating is as simple as it should sound, get credit and deal with it properly, your rating will go up.
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