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DescriptionThere can be no doubting that comparison sites have revolutionised the financial industry. Market transparency has never been greater for the consumer and, up until the recent recession, choice has been vast. However, these sites are not taking enough measures to ensure that consumers fully understand the consequences multiple credit applications. One would assume the natural course of action for an individual who has requested credit and been declined is simply to approach another lender with a similar or identical request. Yet seemingly, the impact of applying for credit on multiple occasions is not fully appreciated by the general public, failing to understand that each application leaves a credit search footprint on their credit file on a
Created8 May 2015
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Founder mariano italiano
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