How is CC debt viewed by potential lenders..?

ferry

We'll be remortgaging early next year and will have got my CC debt down to under 5k.
How is having a CC debt outstanding viewed by potential lenders-good as in other lenders have allowed you to borrow from them or bad that you have to rely on credit?

Just thinking out loud.

Cheers
Ferry

jonesMUFCforever

IMO you will get 2 choices - pay it off and prove it if needed or any potential mortgage offer may be reduced by your outstanding balance.
My sister nearly lost her mortgage a couple of years ago over £3k o/s on a credit card.

Markyt

Depends on the lender.

Credit scores at our place give a higher score to a card that utilises over 75% of its available limit, assuming payments have always been met. A lower score is given to those using a lower percentage of the limit, and zero points towards the overall score for no credit card at all.

As for affordability, we take about 1/3 of the outstanding debt off the gross salary before it is multiplied to find the maximum loan amount.