We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Closing unused credit affect loan application?
Hi
Just wondering, if I closed a credit card whilst a loan application was being processed (the balance had been transferred to a 0% previous to the loan application) If I called to let them know would this positively or negatively affect my application?
Many thanks
Just wondering, if I closed a credit card whilst a loan application was being processed (the balance had been transferred to a 0% previous to the loan application) If I called to let them know would this positively or negatively affect my application?
Many thanks
0
Comments
-
Neither. They will go off the information on your credit file, rather than any verbal testimonials.0
-
It takes about a month for those kind of changes to filter through to your credit file so it wouldn't affect it one way or another.
Also, I suspect that since you are just shifting the balance, rather than reducing it, it wouldn't make a huge amount of difference anyway.Grateful to finally be debt free!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.5K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards