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Home > Business & Finance > Applying for a loan - does it detriment your credit rating?

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

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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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Avatar Image Loosehead

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.

12:07 Thu 18th May 2006

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