Credit rating affected by Glass loan?

Alex1212

Hi Guys,


New to the forum


I am interested in getting a Glass Loan from Waitrose, but am currently in the middle of a mortgage application and worry this will affect my credit rating negatively? Does anyone know if this is the case?


Any advice appreciated.


Thanks,
Alex

forgotmyname

I presume the glass loan is where they lend you a crate of glasses for a party or similar?

Why would that affect your credit score? Its not a loan. I presume you need to leave a deposit in case of breakages or non return.

DCFC79

Alex1212 wrote: »

Hi Guys,


New to the forum


I am interested in getting a Glass Loan from Waitrose, but am currently in the middle of a mortgage application and worry this will affect my credit rating negatively? Does anyone know if this is the case?


Any advice appreciated.


Thanks,
Alex

Its a loan in the financial sense. Go to the store and enquire about the glass loan.

forgotmyname wrote: »

I presume the glass loan is where they lend you a crate of glasses for a party or similar?

Why would that affect your credit score? Its not a loan. I presume you need to leave a deposit in case of breakages or non return.

Yes the glass loan is a loan of some glasses like Sainsbury's do and its as you describe.

[Deleted User]

DCFC79 wrote: »

Yes the glass loan is a loan of some glasses like Sainsbury's do and its as you describe.

I've heard it's a smashing offer.

bigadaj

Deleted_User wrote: »

I've heard it's a smashing offer.

I think experian reduce their credit score by ten points for each glass you smash, so be careful!

sistafromanothermista

Well the offer is clear and transparent at least...

Nice_Weather_For_Ducks

Make sure the repayment terms are crystal clear

DevCoder

Don't wine about it and just keep your spirits up. Just accept the loan and hope the mortgage company dosnt pinot on you.

27col

Don't lie on the application form as they will see right through your lies.

forgotmyname

Should have gone to specsavers.

Alex1212

We're going through London and Country for our mortgage (FTBs) and were told not to get any loans - as all types of loan will appear on our credit file

forgotmyname wrote: »

I presume the glass loan is where they lend you a crate of glasses for a party or similar?

Why would that affect your credit score? Its not a loan. I presume you need to leave a deposit in case of breakages or non return.

We did have to leave a deposit. So I guess what you're saying is provided we return everything okay and get our deposit back we won't have any bad credit?


Edit: Just to add we got the glasses today for our come dine with me dinner party. You might even get an invite for helping!!!