There are two types of searches that can appear in your credit report - 'soft' and 'hard' searches.
A hard search (or credit application search) is a more in-depth look at your credit history. This shows up on your report and can lower your credit score. Lenders carry out hard searches before making a decision on whether to accept your credit application.
Too many hard searches in a short period could bring your credit score down because lenders might think you rely on credit.
Find out what else affects your credit score in our article.
You might see hard searches when you apply for a:
- Loan, credit card or mortgage
- Utility account (e.g. electricity, gas, water, cable, and telephone)
- Monthly mobile phone contract
- Offer – using a price comparison site (a search may be carried out by themselves or their partners).