HSBC Mortgage Decline

Thrugelmir

Drew83 wrote: »

If they were open in the first place then we would not of gone through them and got a footprint on the record.

The decision isn't made by the people you first contacted.

As others have said. Forget the credit score. As its actually the credit usage that will count against you.

chelle333

Thrugelmir wrote: »

The decision isn't made by the people you first contacted.

As others have said. Forget the credit score. As its actually the credit usage that will count against you.

Hi sorry if i sound thick but what do you mean by Credit usage??????

Thrugelmir

chelle333 wrote: »

Hi sorry if i sound thick but what do you mean by Credit usage??????

Overdraft, loans, credit cards etc. No harm in borrowing if you repay. So outstanding balance fluctuates and reduces.

However with a constant debt owing. Suggests that the borrower has no capacity to reduce the debt should an unexpected event occur. Nor meet an unexpected expense.