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Credit cards when applying for loan
Hello. My car has almost died and I'm looking to take out a loan between 6k and 7.5k.
I have 3 credit cards, Santander 123 that I use regularly, (£2800) a Halifax one I use mostly only when I'm abroad (£2200) and a Lloyds duo that I haven't used for 6 months or so.(£1250, Stopped when I got the Santander)
Will this impact my application, should I cancel my Lloyds one? I've had really good credit history over the past 3-4 years. :beer:.
I have 3 credit cards, Santander 123 that I use regularly, (£2800) a Halifax one I use mostly only when I'm abroad (£2200) and a Lloyds duo that I haven't used for 6 months or so.(£1250, Stopped when I got the Santander)
Will this impact my application, should I cancel my Lloyds one? I've had really good credit history over the past 3-4 years. :beer:.
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You're already using over £6k of credit. What's the available credit on each of the cards? And what's your salary?"Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."0
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In what way has it almost died ?
Have you looked into getting it fixed ?0 -
The available credit is in brackets next to the card. I owe nothing on any of them . I know I have over 6k in total but if I used them to buy a car the interest rates would be lots more than getting a, say for example 4% Apr loan. The car I have is worth £500 and it needs over £800 in repairs....0
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Ah, I see. I thought those were the balances.
If you spend £800 repairing it, how long do you think it will last? You'll pay far more than £800 on a loan over a year."Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."0 -
I want to get something bigger and economical. Its a 2litre coupe so even if I got it fixed I would be wanting to get rid soon anyway. And saying its worth £500 is honestly being generous. I can afford monthly payments for a loan so that's not a problem. Just concerned about having unused credit available when applying0
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If you can afford monthly payments for a loan, then presumably you have savings. How much do you have?I want to get something bigger and economical. Its a 2litre coupe so even if I got it fixed I would be wanting to get rid soon anyway. And saying its worth £500 is honestly being generous. I can afford monthly payments for a loan so that's not a problem. Just concerned about having unused credit available when applying"Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."0 -
Well my wife and I were married this past June so a couple of thousand...0
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I have been there years ago , your car plays up , you end up almost wanting it to , so that you can go out and splurge on a `new` one
I learnt the hard way
In your shoes , use savings to get yourself a good runaround or fix the current car , never take on debt if you dont have toNever, under any circumstances, take a sleeping pill and a laxative on the same night.0 -
Yeah it's something I'm going to have a good think about over the next week,. ��0
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Spend a thousand pounds on a car and put what you would have paid in loan repayments into a savings account.Well my wife and I were married this past June so a couple of thousand..."Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."0
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