Re credit rating

heresmo · 01-12-2006, 19:08

It was on Beeb's Working Lunch prog today that if one is shopping around to see which is the best credit deal, one can ask for (or specifiy it as) a "quotation search" rather than an "application", which thus shows one to be seeking the best rate rather than being desperate for credit.

I've no idea how that works in practice, either by phone or the internet, but it might be worth finding out more - or just asking the question in future as to how your enquiry might be available to others. There yer go.

Regards
Mo

piggeh · 05-12-2006, 23:32

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Check and improve your Credit Score | MoneySavingExpert.com

Get a 'quotation search' not a 'credit search'. While it's not always possible, if you're just trying to get a specific quote for a loan, ask the lender to do a ‘quotation search’ and not a ‘credit search’. This means the enquiry won't have a negative impact on your credit score. Sadly many lenders haven't yet adopted this practice, but it is worth trying. If not, do consider whether you really want to get a quote - if it's unlikely you'll get the product, don't bother.

01-12-2006, 19:08	#1
heresmo Briskodian Join Date: Jan 2005 Posts: 12,567 Members Car: Thanks: 50 Thanked 144 Times in 124 Posts	Re credit rating It was on Beeb's Working Lunch prog today that if one is shopping around to see which is the best credit deal, one can ask for (or specifiy it as) a "quotation search" rather than an "application", which thus shows one to be seeking the best rate rather than being desperate for credit. I've no idea how that works in practice, either by phone or the internet, but it might be worth finding out more - or just asking the question in future as to how your enquiry might be available to others. There yer go. Regards Mo __________________

05-12-2006, 23:32	#2
piggeh Briskodian Join Date: Sep 2006 Posts: 91 Members Car: Thanks: 0 Thanked 1 Time in 1 Post	Re: Re credit rating # # Check and improve your Credit Score \| MoneySavingExpert.com Get a 'quotation search' not a 'credit search'. While it's not always possible, if you're just trying to get a specific quote for a loan, ask the lender to do a ‘quotation search’ and not a ‘credit search’. This means the enquiry won't have a negative impact on your credit score. Sadly many lenders haven't yet adopted this practice, but it is worth trying. If not, do consider whether you really want to get a quote - if it's unlikely you'll get the product, don't bother.

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