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Exceeding credit limit?
Hanger_boy89
Posts: 118 Forumite
Been accepted for a DIP with NatWest, but I've just been on ClearScore and found that in August last year I exceeded the limit on my credit card by £8. I've never missed a payment or anything like that, so I'm just wondering if this is looked upon as unfavourably as things like missed payments and defaults?
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Comments
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I'm no mortgage advisor but I doubt going over by £8 it will be that bad as long as you paid it back0
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Yeah I paid it back immediately plus a charge, and I've always made at least the minimum payment since. I just hope that doesn't go against me too much.0
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Anyone else know if this is enough to be declined for a mortgage?0
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That in isolation is unlikely to be a deal breaker, assuming the credit card wasn't with Natwest of course!
On a side note I wouldn't have much faith in the information Clearscore gives you. For something as important as this I would get a copy of your reports from Experian, Equifax and Call Credit to ensure you and your broker have the full picture.I am a Mortgage BrokerYou should note that this site doesn't check my status as a Mortgage Broker, 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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