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Credit Scoring Query
Matt1985_2
Posts: 4 Newbie
Hi Everyone,
I have recently paid off my credit card (offically debt-free :beer: but not for long
).
I and my partner are FTBs and are at the beginning of the long journey. My query is that although I have no outstanding credit, will the credit available to me (£2500) go against me in any AIP/mortgage application?
I can of course, cancel the card or reduce my credit limit. The plan was that when we are in our new home we would put insurances (buildings/contents etc.) on the credit card @ 0% interest instead of paying insurace companies riduclous APR rates.
Any advice appreciated.
Cheers,
Matt
I have recently paid off my credit card (offically debt-free :beer: but not for long
).I and my partner are FTBs and are at the beginning of the long journey. My query is that although I have no outstanding credit, will the credit available to me (£2500) go against me in any AIP/mortgage application?
I can of course, cancel the card or reduce my credit limit. The plan was that when we are in our new home we would put insurances (buildings/contents etc.) on the credit card @ 0% interest instead of paying insurace companies riduclous APR rates.
Any advice appreciated.
Cheers,
Matt
0
Comments
-
The answer is.....no. The available credit will not count against you.I am an Independent Financial AdviserYou should note that this site doesn't check my status as an Independent Financial Adviser, so you need to take my word for it. This signature is here as I follow MSE's Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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