I already have 2 current accounts (1 is over 10 years old and the other is 2 years old) and a mobile phone account which is over 4 years old, all have good payment historys, no late or missed payments, also im currently disputing a defaulted mobile phone contract that i discovered on my credit file which is nearly 4 years old, I want to get an Nationwide Flex current account to take advantage of and the no fee when spending abroad feature, also in the near future id like to apply for car insurance and maybe another mobile phone contract.

Ive been reading that having too many credit accounts is not good for your credit rating, I was wondering if I do get the Nationwide account should I close my Abbey account (I do use from time to time) and also will all these accounts affect my ability to get car insurance and another mobile phone?

Also do companies like Sky, BT and BG appear on your credit file, if they do does having so many creditors lower your rating?

Also are current accounts generally the easiest forms of current account to get and do Identity searches for savings accounts adversely affect your rating when another companies see its been done recently?

Any answers will be greatly appreciated,

Cheers

hi Marcus,

the easiest thing to do here is fond out what your credit rating is now. you can go to experion or equifax and they will tell you what your credit score is.

you are right in the fact that too many accounts open have an impact on your account but it really goes on the amount oweing.

ps i havent had BT show up on my credit score . hope this helps