Ready, steady… save!
You don’t need a chart to join in. Here are 2 ways to record your savings:
1. Cross it off
Pop a chart into your first post. Saved an amount? Cross it out! Read more »
£0.01 £0.02 £0.03
2. Write it down
Skip the chart and add updates to your first post. Read more »
“Another +£3 saved today. Go me!”
Use +£ before each new saving so it counts towards your total.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Hire Purchase Question
Hi All,
I have 6 months left of a 4 year hire purchase agreement.
I am also about to apply for a new mortgage in the next month or so.
My question is, would it be more beneficial to pay off the HP loan, thereby reducing the amount of debt that I have and making myself look more attractive to lenders, or keeping up with the payments as they are. I'm torn between the positive impact of having less outstanding debt and the potential negative effects of having no recurring payments on my credit file.
Any help would be much appreciated.
I have 6 months left of a 4 year hire purchase agreement.
I am also about to apply for a new mortgage in the next month or so.
My question is, would it be more beneficial to pay off the HP loan, thereby reducing the amount of debt that I have and making myself look more attractive to lenders, or keeping up with the payments as they are. I'm torn between the positive impact of having less outstanding debt and the potential negative effects of having no recurring payments on my credit file.
Any help would be much appreciated.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.9K Banking & Borrowing
- 255K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606.1K Mortgages, Homes & Bills
- 179.1K Life & Family
- 264K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards