Credit Application Searches are considered ‘hard searches’, meaning they can affect your creditworthiness – but usually only if there are a large number in a very short space of time. ![]() These will be recorded on your Credit Report whenever you apply for credit or a product like a mobile phone contract. The final search type is the Credit Application Search. While this won’t affect your Credit Score, it may be viewed negatively by some prospective lenders. There are certain, rare exceptions to this – such as a debt collector performing a soft search on you. ![]() An important difference is that enquiry searches can be seen by other companies checking your Credit Report, but they’re often of no consequence. They are only visible to you and the Credit Reference Agency that recorded the search no other organisations will be able to see them.Įnquiry searches are another type of soft search, so also don’t affect your Credit Score. Audit searches are also known as ‘soft searches’, meaning they won’t lower your Credit Score. You may also find audit searches when your existing lenders perform their routine checks on your current financial standing. To help clear this up, remember that there are three types of search: Audit Searches, Enquiry Searches, and Credit Application Searches.Īudit searches will be recorded when you access your own Credit Report. This search will detail the date it was performed, which company performed the search, and the search type.Ī lot of confusion surrounds the types of searches and exactly what they mean. When your Credit Report is accessed, either through you checking it yourself or an organisation checking it as part of an application, a ‘ Search’ will be recorded to reflect this. When does my Credit Report being checked affect my Credit Score? If you need any guidance with your Credit Report, our professionally qualified Credit Analysts can be contacted at any time through your account. Our Multi Agency Credit Report collates your complete information from Equifax, Experian, TransUnion, and Crediva all into a single easy-to-use format – saving you time and letting you easily compare data and spot discrepancies. In fact, you can check the UK’s most detailed Credit Report with checkmyfile free for 30 days, then for just £14.99 per month and cancel easily at any time, safe in the knowledge that your Credit Score won’t be affected. Checking your own Credit Report will not lower your Credit Score. If the only thing stopping you from checking your Credit Report is fear that it will affect your creditworthiness, you can relax, because it won’t. The question seems to be based on a simple idea: when someone else checks your Credit Report, it damages your Credit Score, so it must also be true when you check it yourself. Does checking your Credit Report lower your Credit Score? This is a question we’re regularly asked, especially as the importance of Credit Reports is becoming more widely understood.
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