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Catalogues & Credit Checks

Discussion in 'General Discussion' started by Oracle, 27 Jan 2006.

  1. Oracle


    Joined: 17 Jan 2006

    Posts: 1,971

    Location: Haskins

    I used to be in the financial industry a few years ago, and always understood from training that ordering catalogues (whereby a credit check was carried out), would (although not significantly) affect your credit rating.

    Now I understand that this is a suitability check and to safe guard the catalogue company, and for this reason, companies like you to be 18years of age or older, but if I choose to order from the catalogue and only ever pay by debit card, have they affected my credit rating unnecessarily?
  2. VeNT


    Joined: 9 Jan 2003

    Posts: 20,662

    Location: Cornwall

    no, only if you don't pay
  3. Quantic


    Joined: 15 Sep 2005

    Posts: 653

    It's if you get a credit check and get DECLINED for credit, then that will affect your rating. If you get a check and ACCEPTED then it won't affect the rating at all.
  4. kibblerok


    Joined: 21 Nov 2002

    Posts: 5,011

    Location: Manchester

    Thats not true.

    The only way them looking at your credit file affects it is that it gets recorded that they searched and you applied for credit. If you apply a lot for credit within a short period it may raise alarm bells that you are in financial trouble. More than 3 searches within 6 months is usually the accepted limit although this will vary a lot.

    As for a declined check affecting you, the outcome of the check is never recorded, it will be something else on your file that caused the issue.

    After 6 months (maybe 12, cant remember off the top of my head) the search is removed from your file.
  5. Shifter_Hull

    Wise Guy

    Joined: 24 Oct 2005

    Posts: 1,139

    Location: Hull

    all credit searches remain on your file for 12 months then removed hope this clears the matter for you