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Does owning other property have any affect on Credit Rating?
belpercfc
Posts: 2 Newbie
in Credit cards
I have assets well in excess of my debts. eg: a mortgage free property other than my residential address. I have recently been declined a Credit Card for which I was rated as being 90% likely for acceptance.
All my monthly payments are by Direct Debit.
Is it of any relevance to a Credit Agency that I have property assets other than my residential address?
All my monthly payments are by Direct Debit.
Is it of any relevance to a Credit Agency that I have property assets other than my residential address?
0
Comments
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Being a home owner does have some effect - only because it's a sign of stability.
All CRAs keep history of your debts only. None keeps any information on your assets. Lenders usually don't care/ask either unless it's a loan secured on the property.0 -
Thank you Grumbler - much appreciated.0
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Have you checked all three of your credit reports? Experian, Equifax, Call credit for any errors?Changing the world, one sarcastic comment at a time.0
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