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bad credit..mortgage help
Jambo5
Posts: 223 Forumite
Hi the count down has begun untill the CCJ finally falls off in July.
I have had late payments from over 5 years ago but are still visible on me CR. Also Payday loans last one 3 years ago.
Only this idiot(me!!) Used my credit card (£24) last week to place a bet online!!!!....why I did this I am not quite sure.
Looking back over my credit card statements over past 2 years I did also get cash advances in first year. But nothing except last week since Nov 2013.
Now I am the !!!!! thats always asking advice and sometimes getting frustrated and then I do this. I posted in the credit file room etc and alot of people said not to worry. But I do, thats what I do best. My plan is to close this particular CC in mext month or so as balance is low. And get another one when CCJ goes and start again. I know they do a full credit check so will this will show up.
I though I would ask the question here to you mortgage brokers, is this going to cause me trouble? Or will they look at it and say its once in a blue moon he does things like this?
TIA
I have had late payments from over 5 years ago but are still visible on me CR. Also Payday loans last one 3 years ago.
Only this idiot(me!!) Used my credit card (£24) last week to place a bet online!!!!....why I did this I am not quite sure.
Looking back over my credit card statements over past 2 years I did also get cash advances in first year. But nothing except last week since Nov 2013.
Now I am the !!!!! thats always asking advice and sometimes getting frustrated and then I do this. I posted in the credit file room etc and alot of people said not to worry. But I do, thats what I do best. My plan is to close this particular CC in mext month or so as balance is low. And get another one when CCJ goes and start again. I know they do a full credit check so will this will show up.
I though I would ask the question here to you mortgage brokers, is this going to cause me trouble? Or will they look at it and say its once in a blue moon he does things like this?
TIA
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Comments
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Lenders wont ask for your credit card statements.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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Thanks ACG. I really hope so. I am sure I read somewhere that cash advances and using it for gambling could effect a mortgage application badly. albeit i have only done this two or three times over 2 years. So basically what your saying is as long as its all 'upto date' lenders will be happy with that and not dig deeper?0
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They will see the cash withdrawal but they will not know its for gambling.
Ive never known a lender to ask for credit card statements.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Ok but is the cash withdrawals literally just being on my CR likely to cause any damage to my chances? I mean its not a regular thing but it has been done a few times.0
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I had at least 7 cash withdrawals in the last 12 months and flew through mortgage0
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Thanks Teaandtoast that has helped me. I take it yiu got sorted. Pleased for you. We just need a little bit more time to save and we should hopefull get on this ladder.0
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If you're asked for proof of address, I'd give something other than a postal credit card statement, just to be safe!
I am a mortgage adviser.You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Great banter ha0
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