Personal Finance: The More Applications Made, the More Footprints You Leave ; Shopping Around for a Financial Product Might Seem Good Sense. But Beware. As Cate Wilson Reports, You Could Be Inadvertently Destroying Your Credit Status

Summary

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Prospective homebuyers may think they are being responsible consumers by shopping around for mortgages on the internet.

But they could instead destroy their credit ratings and find themselves branded bad risks.

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Personal Finance: The More Applications Made, the More Footprints You Leave ; Shopping Around for a Financial Product Might Seem Good Sense. But Beware. As Cate Wilson Reports, You Could Be Inadvertently Destroying Your Credit Status

The case of one consumer, Paul Arley, was highlighted this week after he found himself a high-risk credit case, despite having never defaulted on a bill or payment in his life, after using the net to search for best mortgage deals.

He says: 'It was a nightma...

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