Credit Check


E

elziko

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
 
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T

Tim

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?
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!
 
R

Rob graham

elziko said:
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
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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E

elziko

Rob graham said:
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.
Thanks for taking the time to answer.
 

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