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
Do I pay credit cards before application for Mortgage?
mcneilhl84
Posts: 1 Newbie
I have outstanding credit cards on 0% interest, so I'm only paying the actual amount. They will be clear in Feb 2018 when the deals end. Thinking of moving house as husband now has a job. Do I save his wages each month for extra deposit. (We have around 25k equity in house) or do I use the money to clear credit card loans before application? (The monthly payments are covered by my wages at the moment). I don't want them to harm my chances as looking to max out on a mortgage as I know we can afford it having lived on my wages for last 8 years anyway....
Thanks :-)
Thanks :-)
0
Comments
-
How much interest are you going to earn by next February? Probably better to pay the cards off now. Then puts them into history on your credit file.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards