Natwest Joint Account and Loan advice

evilpikachu2000

Thanks for all the help. I'll go down to the bank manager on Saturday and see what he/she says.

vaporate

evilpikachu2000 wrote: »

Thanks for all the help. I'll go down to the bank manager on Saturday and see what he/she says.

Put up a statement of affairs, all your incomings and outgoings, then try and find some areas where you can cut back to pay off the debt quicker.

Kavanne

evilpikachu2000 wrote: »

Thanks for all the help. I'll go down to the bank manager on Saturday and see what he/she says.

If you are going to apply you may as well apply online, to try for the cheapest rate.

1. the bank manager wants you to apply because if you get approved they get sales points
2. the bank manager can't override a declined decision, sorry. they can appeal it for you but ultimately, faceless underwriters will have the decision

CLAPTON

I would suggest you both get copies of your credit files

One really needs to see the full picture about how the debts are owned by each of you and your other details

you may find it better to reduce the debts piecemeal rather than all in one go i.e. get a low life of balance CC and shift the highest APR CC to it and then try similar small bits.

if the debts are unevenly distributed between you then it may handicap you having a joint a/c as you will then be financially linked together.
maybe better for the person with the smaller 'debt to salary ratio' try to off load some of the highest APR debt to a low APR debt.


maybe you should consider delaying the wedding until you are debt free.

saving up money when you have debts makes no sense... presumably you are paying at higher rates than you can save at (3% typical saving? and 15% typical debt?)

if you use your OD regularly this is seen as not being in control of your finances and will often stop you getting further credit (life has changed; living in an overdraft is no longer fashionable)

best of luck.