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Q: Will getting an insurance quote affect my credit rating?

A:

The Credit Scoring carried out by Co-op Insurance/Lexis Nexis will only ever leave a soft (or non-credit) footprint on your record. This won’t affect your credit rating or your ability to obtain credit in any way.

If you choose to pay for your insurance by instalments, an additional credit check will be made to confirm you will be able to repay the monthly premiums. This additional check will leave a footprint on your credit score and failure to pay your premiums will affect your credit score.

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