How to Find Cards or Personal Loans Using Smart Search

Smart Search can help you avoid destroying your credit history when you obtain a bank card or Personal Loans. Some tips about what you need to know.

How it operates

If you are trying to get a credit card, you will need to begin by revealing to us the type of card you are looking for. For example, do you want a balance copy card, an incentive card, purchase cards or another type of credit card?

  • Then, you will have to enter some personal details so that we will get your credit file. We will require your name and day of birth, and your employment status – whether you are self-employed, full time, part time, unemployed, a homemaker, university student or retired.
  • Next, we will enquire about your residential status, and how long you have resided at your current address.
  • After that, you will have to reveal who your present account has been and gave us an idea of what your income will be for another 12 months.
  • Finally, we will ask for your e-mail address, so we can send you your top credit cards so you can make reference to them efficiently.

We only use your details to help us find the right credit file. We will not speak to you afterwards unless you want us to.

Applying for a Personal Loans

If you are trying to get a loan, Smart Search will ask you for slightly different information.

You will need to say what you need the money for, how much you want to borrow and exactly how long you want to acquire it for.

You will then be asked if you are an owner of a house, and whether you are employed. Then, you will have to tell us your total annual income, e-mail address, name and time frame of birth.

What Happens Next

Once you’ve got all your details, the credit guide organisation Experian will run a ‘soft search’ of your credit history. Lenders will not be able to see this on your record.

You will then see a list of lending options or bank cards, depending on what you are considering, and it will show you how likely you are to be accepted for every single one.

For Personal Loans, the probability of you being accepted with being shown as a share, with those closest to 100% highlighted in renewable. Those you are least apt to be accepted for, with the lowest percentages, will be displayed in red, while those you might be accepted for will be shown in amber.

It is your decision to decide which Personal Loans to apply for, but you will have a much better idea of which deals you might be accepted for.

Smart Search works in much the same way if you are applying for a credit card. The only real difference is that rather than your chance of being accepted is shown as a share, it’s shown as a report out of 10.

Precisely the same color-coding applies, so those closest to 10 will be shown highlighted in inexperienced, while those you are least likely to be accepted for will be displaying as red, and those around the five draw will be shown as amber.

You could choose to order your credit cards deals because of your eligibility, or by the best deal. For example, if you would like the longest possible 0% balance transfer package, you can show these first instead.

Why use Smart Search?

One of the biggest problems many people face when buying a Visa or MasterCard or personal bank loan is that every software they make leaves an imprint on their credit file.

That is fine if you are confident there is a tip-top credit score, and also you think you’ll be accepted for the credit card or personal loans you want. However, if you are not 100% sure, as well as your program is refused, this could damage your credit score and leave you in a whole lot worse position.