Effect on credit rating - multiple current accounts?
Effect on credit rating - multiple current accounts?
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Discussion

Shnozz

Original Poster:

30,666 posts

301 months

Tuesday 27th May 2014
quotequote all
I already operate several current accounts in a personal capacity but ideally would like to open several more to separate accounts for business reasons (not business accounts though - simply for ease of accounting). In doing so, is it likely to have a prejudicial effect on my credit rating by having multiple accounts (even if no or minimal overdraft)?

Sarnie

8,373 posts

239 months

Tuesday 27th May 2014
quotequote all
Shnozz said:
I already operate several current accounts in a personal capacity but ideally would like to open several more to separate accounts for business reasons (not business accounts though - simply for ease of accounting). In doing so, is it likely to have a prejudicial effect on my credit rating by having multiple accounts (even if no or minimal overdraft)?
No.

boyse7en

8,207 posts

195 months

Tuesday 27th May 2014
quotequote all
No,

Between me and the missus we have got five current accounts. Has had no effect with mortgages/credit cards etc

Shnozz

Original Poster:

30,666 posts

301 months

Tuesday 27th May 2014
quotequote all
Thanks muchly chaps, put my mind at ease smile