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Credit card cash advances
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Newbie321
Posts: 23 Forumite
Hi everyone.
Hope someone can advise please.
The last time I used a cash advance was in August 2014. I will admit that I used to use them quite a lot, when times were harder.
Now we are financially much better off, have cleared debts and saved up for a deposit for a house.
The problem is that 2 months ago we turned my sole current account into a joint account with my wife. We ordered a debit card for my wife, and at the same time an additional card holder card for my credit card account for my wife.
She has mistakenly used the credit card twice in the last 2 months to withdraw cash. Once for £20 and once for £30. There was no need to use the credit card at all, as there was plenty in the current account, but now these cash advances are showing on my credit file.
Do I need to be concerned? I have read that some lenders, understandably, don't like seeing cash advances - but will these 2 cause an issue? At the moment I am looking at Halifax for the mortgage, and have a mortgage promise from them, which was done a month ago.
Thanks
Hope someone can advise please.
The last time I used a cash advance was in August 2014. I will admit that I used to use them quite a lot, when times were harder.
Now we are financially much better off, have cleared debts and saved up for a deposit for a house.
The problem is that 2 months ago we turned my sole current account into a joint account with my wife. We ordered a debit card for my wife, and at the same time an additional card holder card for my credit card account for my wife.
She has mistakenly used the credit card twice in the last 2 months to withdraw cash. Once for £20 and once for £30. There was no need to use the credit card at all, as there was plenty in the current account, but now these cash advances are showing on my credit file.
Do I need to be concerned? I have read that some lenders, understandably, don't like seeing cash advances - but will these 2 cause an issue? At the moment I am looking at Halifax for the mortgage, and have a mortgage promise from them, which was done a month ago.
Thanks
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Sorry posted in wrong forum... will re-post0
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