How to clear your Credit RecordAs you can balance your borrowing
Fortunately, the good news is that this topic has been raised by a number of lenders: many of them will now allow you to conduct an informally reviewed interest review for which you are likely to be qualified. As the name implies, this smooth searching leaves no lasting trace in your credit files and other creditors will not be able to see it.
Theoretically, you can make as many of these informally requested requests as you like without jeopardizing your prospects for obtaining credit in the near term. When you are not sure whether the creditor is offering this type of services, call them for verification - don't run the risk of making a paper request until you are prepared.
Let us always advise you independently and professionally for your individual situations.
What counts is money: "Will a partly paid loan influence my ability to borrow in the near term?
The acceptance of a compromise bid is often a good way to repay a loan for a smaller amount if you have the cash for it. However, I would be careful not to accept any agreement after which you will display the amount due in your credit record as this may enable you to make a subsequent right to the supplement.
Though this may have a detrimental effect on prospective credit decisions, if you repay a debt of £1,800 at 7 it is likely that Natwest will release a standard notification at some point anyway. Standard notification will not stop you from obtaining more credit in the near term, although you may not be able to obtain the best offers or product that may have been available to someone without a bad credit record.