Does switching current accounts affect my credit score?

scheduleUpdated 21 days ago

Opening a Biscuit account uses a soft credit check, so there's no impact on your score there. Closing your old account can shorten your average credit history length, but it’s a small factor in how your score is calculated. A missed Direct Debit during the switch can hurt your score more, which is why keeping your old account open during the transition is sensible.  

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