--- title: Making too many enquiries can affect your credit score. description: How making too many enquiries affect my credit score. image: http://www.1800approved.com.au/hubfs/discovery-question-killing-credibility-775070-edited.jpg --- [![1800 Approved Finance Solutions](https://www.1800approved.com.au/hubfs/Logos/1800Approved_dark.png)](https://www.1800approved.com.au) ### [**1800 277 768](tel:1800277768) #### WELCOME TO # Our blogs Our aim is to supply you with the best information that you can be confident in your knowledge when you make an application with us. # [![logo-easter-d](https://www.1800approved.com.au/hs-fs/hubfs/Easter%20Campaign%202022/logo-easter-d.png?width=268&name=logo-easter-d.png)](https://consumer.zink.com.au/v1) ### Other Posts - [COVID-19 proof your business cash flow – with a little help from the government!](https://www.1800approved.com.au/blog/covid-19-proof-your-business-cash-flow) - [$150,000 Tax-write Off — Going, Going, Gone](https://www.1800approved.com.au/blog/tax-write-off-going-going-gone) - [Current combination of events means it's the best time to buy a car](https://www.1800approved.com.au/blog/the-current-combination-of-events-means-its-the-best-time-to-buy-a-car) - [How to protect your credit score during this COVID-19 pandemic](https://www.1800approved.com.au/blog/tips-on-how-to-manage-your-business-cash-flow-0) - [Tips on how to manage your business cash flow— How the stimulus package is geared to help.](https://www.1800approved.com.au/blog/tips-on-how-to-manage-your-business-cash-flow) - [**](https://www.facebook.com/sharer/sharer.php?u=https://www.1800approved.com.au/blog/can-making-too-many-enquiries-affect-my-credit-score) - [**](https://twitter.com/share?url=https://www.1800approved.com.au/blog/can-making-too-many-enquiries-affect-my-credit-score) - [**](https://plus.google.com/share?url=https://www.1800approved.com.au/blog/can-making-too-many-enquiries-affect-my-credit-score) - [**](https://www.linkedin.com/cws/share?url=https://www.1800approved.com.au/blog/can-making-too-many-enquiries-affect-my-credit-score) - [**](http://www.youtube.com/user/?url=https://www.1800approved.com.au/blog/can-making-too-many-enquiries-affect-my-credit-score) ## Making too many enquiries can affect your credit score. Posted by [Ken Edwards](https://www.1800approved.com.au/blog/author/ken-edwards) on 14 October, 2016 ![Credit_CardsWallett.jpg](https://www.1800approved.com.au/hs-fs/hubfs/Credit_CardsWallett.jpg?width=757&height=505&name=Credit_CardsWallett.jpg) As consumers we are hard-wired to look for the best price possible. Whether it’s pestering the car dealership to throw in floor mats with the new car we want or circling grocery specials n the Coles catalogue, we all want the best deals we can get. It forms the basic cornerstone of day-to-day economics. However, lenders are saying if you dare to shop-around to check if there is a better loan deal out there, you will potentially be persecuted.    What’s all the hype about the credit enquiries I make on my credit file, and why should I care ? I’ve never had trouble getting finance, are they telling me I can’t shop around?   In our current world of internet shopping and searching for the best deals on *everything,* it may seem counter-intuitive that looking for the best deal can be interpreted as a negative thing.   Every time you apply for credit and a credit provider obtains a copy of your report, an enquiry is added to your credit report. This includes any loan, mortgage or utilities applications you may make. Credit providers may take a negative view of a relatively high number of enquiries made in a short space of time, which may in turn affect your ability to obtain credit.   When you apply online for the special interest rate advertised in Saturday’s paper, uploading your personal details into a financier’s website and getting an answer back in 60 seconds for that low interest credit card balance transfer is having a computer access your [credit](https://www.1800approved.com.au/blog/car-loan-fix-credit-score) file, put an enquiry on it, get your ‘score’ and then having the computer use the score and the strengths and weaknesses of your application to decide if you get the green light or not.    Lenders and credit providers will look at your credit enquiry history from a number of perspectives; - **How many times you have enquired or applied for credit according to your credit file; your credit file will show this information for the last 5 years.** - **How many times you have enquired or applied for credit in the past 12 months. This is the specific measure that will affect your credit score, with anything more than 3 to 5 enquiries or applications in the last year likely to have a negative impact.** - **How many lenders you have enquired or applied to; known as your ‘credit shopping pattern.’**   To ensure you achieve the highest possible level of benefit from this aspect of credit scoring, you should limit your credit applications, as well as the sources you apply to.   Use a professional [finance broker](https://www.1800approved.com.au/) for your finance applications and put your broker to the test. Ask them where they want to send your loan application and why. If they can’t give you an exact reason why your loan will fit the particular lender they choose then they haven’t done their research, and you could be one step closer to a busy credit file, and two steps closer to not getting the best deal that you deserve….or even worse a rejection due to your credit file being too busy.   Good brokers know the credit buying criteria’s intimately. It is not a magic trick. Chose the right broker and the best credit deal for you will soon follow. To learn more about how our 1800Approved brokers can assist you with your credit application, please call us today on 1800 277 768. [![1800Approved_dark](https://www.1800approved.com.au/hubfs/Logos/1800Approved_dark.png "1800Approved_dark")](https://www.1800approved.com.au/new) #### join our newsletter Keep up with the latest tips #### Financial Services #### Company #### Resources 2008-2026 © Ausloans Pty Ltd Australian Credit Licence # 383 999 - [**](https://twitter.com/1800Approved) - [**](https://www.youtube.com/user/1800approved) - [**](https://www.facebook.com/1800Approved) - [**](https://www.linkedin.com/company/1800approved-finance-solutions) - [**](https://plus.google.com/+1800approvedAu) ![](https://www.facebook.com/tr?id=2099318183729557&ev=PageView&noscript=1) ![](https://www.facebook.com/tr?id=759887617369365&ev=PageView&noscript=1) ![](https://www.facebook.com/tr?id=122106498438777&ev=PageView&noscript=1) ![](https://bat.bing.com/action/0?ti=5128956&Ver=2) [![ClickCease](https://monitor.clickcease.com/stats/stats.aspx)](https://www.clickcease.com) ```json { "@context" : "http://www.schema.org", "@type" : "FinancialService", "address" : { "@type" : "PostalAddress", "addressCountry" : "Australia", "addressLocality" : "Gold Coast", "addressRegion" : "Queensland", "postOfficeBoxNumber" : "4214", "postalCode" : "4214", "streetAddress" : "33 Ereton Dr. Arundel" }, "aggregateRating" : { "@type" : "aggregateRating", "ratingValue" : "4.6", "reviewCount" : "233" }, "areaServed" : "Queensland, New South Wales, Victoria, South Australia, Tasmania, Australian Capital Territory, Northern Territory, Western Australia, Sydney, Perth, Melbourne, Hobart, Darwin, Brisbane, Adelaide, Gold Coast, Canberra, Newcastle, Wollongong, Logan City, Townsville, Geelong, Sunshine Coast, Cairns and Albury/Wodonga", "award" : "Australian Broking Awards - Asset Finance Broker of the Year 2016", "brand" : { "@type" : "Organization", "name" : "1800Approved Finance Solutions" }, "contactPoint" : { "@type" : "ContactPoint", "contactType" : "customer service", "telephone" : "1800277768" }, "description" : "A leading motor vehicle finance broker in Australia since 2008. Winner of the 2016 Asset Finance Broker of the Year. We specialize in car loans, truck finance, business loans, equipment loans & other finance services.", "email" : "sales@1800approved.com.au", "faxnumber" : "1300852884", "founders" : { "@type" : "person", "name" : "Rodney Michail" }, "geo" : { "@type" : "GeoCoordinates", "latitude" : "-27.937302", "longitude" : "153.38525" }, "hasMap" : "https://www.google.com.ph/maps/place/1800+Approved+Finance+Solutions/@-27.937302,153.38525,15z/data=!4m5!3m4!1s0x0:0xecb753a025b02065!8m2!3d-27.937302!4d153.38525", "image" : "https://www.1800approved.com.au/hubfs/blog/1800%20Approved%20Finance%20Solutions.jpg", "logo" : "https://www.1800approved.com.au/hs-fs/hubfs/1800approved-logo-1.png?t=1492472876793&width=250&name=1800approved-logo-1.png", "memberOf" : { "@type" : "Organization", "name" : "Finance Brokers Association of Australia" }, "name" : "Motor Vehicle Finance", "openingHours" : "Mo, Tu, We, Th, Fr, Sa 08:30-17:30", "sameAs" : [ "https://www.facebook.com/1800Approved", "https://twitter.com/1800Approved", "https://plus.google.com/+1800approvedAu", "https://www.youtube.com/user/1800approved", "https://www.linkedin.com/company/1800approved-finance-solutions" ], "telephone" : "1800277768", "url" : "https://www.1800approved.com.au/" } ```