Also called: Credit check, Credit file enquiry
Credit enquiry
A credit enquiry is a record placed on your credit file when a lender or broker accesses it in connection with a credit application. Enquiries typically remain visible for several years and show the date, the credit provider and the type of credit sought.
What is a credit enquiry?
A credit enquiry is a record placed on your credit file when a lender or broker accesses it in connection with a credit application. Enquiries typically remain visible for several years and show the date, the credit provider and the type of credit sought.
Example
Applying to four lenders in a fortnight leaves four enquiries on file, which the fifth lender will see when it assesses your application.
Why it matters
A cluster of recent enquiries signals shopping or prior declines, which is why selective lodgement matters.