Is being a homeowner an advantage or disadvantage when applying for credit cards?

GingerBob_3

alexinnit wrote: »

To ask each individual lender their specific advice on how to answer the question runs the risk of answering differently on different applications - which could make lenders uneasy and also potential appear as a flag on National Hunter database.

How so? I thought this secretive database is only concerned with mortgage applications. CC companies don't, as far as I know, report to it.

OP - you're a homeowner, so put that down on the application.

grumbler

GingerBob wrote: »

... I thought this secretive database is only concerned with mortgage applications.

A quick google search shows that this is incorrect.

InsideInsurance

alexinnit wrote: »

I disagree.

Pick whether you consider yourself, on the basis of your marriage, to be a homeowner or not. Then use that answer consistently across all applications thereafter.

To ask each individual lender their specific advice on how to answer the question runs the risk of answering differently on different applications - which could make lenders uneasy and also potential appear as a flag on National Hunter database.

You then run into the other possible issues of ending up on CIFAS etc if you say you own a property and then they establish that you don't.