The odd search here and there won't matter, it's when there's multiple searches in a short amount of time, that sets off alarm bells with lenders as it looks like desperation. Then, I would imagine if it combined with a low affordability score, they would be unlikely to lend money.On interesting. Tbh I just assumed what I said was true, just seemed like it would go against a person's file negatively. Good to know, I think I'll still hold off as the decline made me feel like less of a man
My experience of Barclays is that most declines are down to ID/address verification issues. This could be an address mismatch between what is supplied during the application and what they can see from your bank, and credit agencies etc.
Unfortunately most lenders don't tell you why you've been declined. I think it would be beneficial to all if they did, so you know what to work on if you plan to apply with the same lender in the future. Simply 'declined' or 'failed to pass our affordability score' or 'failed internal scoring' isn't really good enough in 2022. Credit checks, IMO, seem to be a bit of a dark art and all it does is lead to confusion and anxiety in the consumer space.
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