Applying for a loan - does it detriment your credit rating?

strangegrape | 11:43 Thu 18th May 2006 | Business & Finance

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I really need to apply for a loan. If I apply for more than one (say I get turned down by one and have to try again elsewhere) does this affect my credit rating with the other companies? Plus can anyone advise me a loan company where I can borrow �3000 if my credit score is not good?

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searches are recorded and some lenders do use that data in their decision process. So if you have had a lot of searches then it won't help.

You cannot borrow from any reputable outfit if your credit rating is not good. Would you lend you money?

You'll have to use a reverse loan I'm afraid.

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