Do credit enquiries impact my Credit Report?

The type of credit applied for, the amount of credit and the number of credit enquiries over a period of time can all have an impact on your Credit Report.

Many people are unaware that shopping around can negative consequences where credit is concerned. If you make several credit applications in a short space of time, this may be seen as a sign you are in financial difficulty and have a negative impact on your Credit Report and Credit Score.

Did you know....? Many applications in a short space of time can be an indicator of credit stress.