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Lending question
The_White_Horse
Posts: 3,315 Forumite
Will it make any difference to a potential new lender if you have one large debt you are servicing or if the same sum is made up of many smaller separate debts? do they care? do they look in detail at what the interest rates are?
cheers
cheers
0
Comments
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No. They will be interested mostly in the monthly cost of any credit commitments.
ie the monthly payments on a loan/HP or usually 5% of the balance of a credit/store care regardless of rate involved.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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