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Credit rating advise
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murphyja
Posts: 5 Forumite
My Girlfriend and I will have saved enough money for a deposit come May and also be debt free.
My girlfriend has no credit history apart from a phone contract which is now 4 months old.
We/she is considering applying for a credit card to spend about £10 each month on and pay off of to build a record. However we have also read that opening a new credit account so close to applying for a mortgage can badly effect your chances??
Any Advice gratefully received.
My girlfriend has no credit history apart from a phone contract which is now 4 months old.
We/she is considering applying for a credit card to spend about £10 each month on and pay off of to build a record. However we have also read that opening a new credit account so close to applying for a mortgage can badly effect your chances??
Any Advice gratefully received.
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Comments
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I don't think it would affect her ability to get a mortgage.
But I also doubt it will make much of a difference in terms of building up a credit history by then. If she applies now by May it would probably show 2 months payments.A smile enriches those who receive without making poorer those who giveor "It costs nowt to be nice"0
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