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Credit card vs loan for credit rating
boyang
Posts: 50 Forumite
in Credit cards
I've got several thousands of pounds on a credit card that I pay 0% interest on. I'm currently completing a change of parties application and was wondering if it would be better to transfer this debt to a loan. At the moment it's on the card because I don't pay any interest, but is this seen as 'worse' credit to a mortgage company? Are they more likely to give me the mortgage if I transfer it to a loan?
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