If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Will applying for multiple AIPs affect credit rating ?

dnme · 2016-08-23 11:50:31

Hi friends, I am just wondering. Can I go to two or three banks to apply for AIP ? Will this affect my credit rating ? I'm told that when multiple lookups / searches are done against your credit history, this can have a negative impact. Any advice ?

Options

23-08-2016 12:50pm

#1

dnme

Registered Users Posts: 3,411 ✭✭✭

Join Date: July 2005

Posts: 2898

Hi friends,

I am just wondering. Can I go to two or three banks to apply for AIP ? Will this affect my credit rating ?

I'm told that when multiple lookups / searches are done against your credit history, this can have a negative impact. Any advice ?

0

Comments

Options
#2 23-08-2016 1:20pm
L1011

Registered Users Posts: 68,903 ✭✭✭✭

Join Date: July 2002

Posts: 65785

It will show on your ICB rating to the other providers. They may ask why.

0
Options
#3 24-08-2016 8:00pm
dnme

Registered Users Posts: 3,411 ✭✭✭

Join Date: July 2005

Posts: 2898

OK, to answer my own question, its not a problem. I have approached three institutions and informed them all that I have AIP elsewhere. I also asked them if they thought applying for multiple AIPs would affect my credit rating. In each case they said no, not at all, and advised that it was infact prudent and good practice to shop around.

0