If my wife has £50k in a savings account in her name...

zampa1967

would her credit rating strenghen? ie to get a loan
Its money she is looking after for her mum form her nans will
many thanks

~Brock~

No. Credit balances do not show with credit reference agencies.

zampa1967

when i looked on my experien account it gave a list of my bank accounts and my balance?

PNPSUKNET

questions would be asked, as to why a loan if so much cash

Watalie

zampa1967 wrote: »

when i looked on my experien account it gave a list of my bank accounts and my balance?

Just current accounts not savings accounts.

tbourner

PNPSUKNET wrote: »

questions would be asked, as to why a loan if so much cash

She's looking after it for her mum (or will be if it will strengthen her credit rating), she can't just steal her mums inheritance.

zampa1967

thats correct its her mums money so just an idea as my apr is a bit high with Lloyds and its not a joint account

thanks all

BugsyBrowne

zampa1967 wrote: »

when i looked on my experien account it gave a list of my bank accounts and my balance?

No it did not the only balance it would show is your overdraft balance.

zampa1967

thanks for you help, is that why lending rate with Llloyds is o high then because of my overdraft which is £2k a month my whole salary

Apples2

zampa1967 wrote: »

thanks for you help, is that why lending rate with Llloyds is o high then because of my overdraft which is £2k a month my whole salary

If that's the case, Lloyds already know you have absolutely Zero disposable income so cannot afford even a small loan.

It's surprising they have offered any loan at all, but it is another example where going to your own bank is the best bet for anyone without an immaculate credit file.

zampa1967

many thanks for all your replies