credit score 699 when over credit card limit twice? which loan

kerry13238

hi i have got 2 credit cards i wish to get a loan to consolidate not sure how to go to my score is 699 i went over my limit twice once in oct 11 and once in dec12 when will this not count against me? am i best to wait till they are off or do it now and who with x

stephane_2

I would not worry about your score....it's a number out of thin air and is totally meaningless.
As for going over your credit limit it all depends what has been reported on your credit file.
The success of your application will depends on your current level of debt compare to your income?

DCFC79

kerry13238 wrote: »

hi i have got 2 credit cards i wish to get a loan to consolidate not sure how to go to my score is 699 i went over my limit twice once in oct 11 and once in dec12 when will this not count against me? am i best to wait till they are off or do it now and who with x

Whats your salary ?

Whats the amount on the cards ?

I think its 6 years for the faults to go.

Ask yourself this, why should a lender lend you a wad of cash if you have in the past shown you weren't watching your spending ?

Your score is meaningless so dont get too hung up on it.

Ask your own bank about a loan, usually if your own bank offers a high apr/wont even offer a loan then no other lender will (unless you go the PDL route)

kerry13238

my income is about £20000 current level of dept is about £5000

kerry13238

what is the pdl route?

DCFC79

kerry13238 wrote: »

what is the pdl route?

Pay day loans but you dont want to go that route as its a very ( multiply by 999999 ) last resort

DCFC79

kerry13238 wrote: »

my income is about £20000 current level of dept is about £5000

On that salary you should be able to clear the debt should you not, maybe go over t the dfw board and post a statement of affairs.

Tixy

What is the reason for trying to get a loan rather than keep the cards and pay it back?

What are the APRs on the 2 cards (and the balances on each)?
Are you able to afford the minimum payments on the debt? How much more than the minimums can you afford? and have you stopped all spending on the cards?