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!
Mortgage Application & Wonga Redress
Ajh0001
Posts: 2 Newbie
I am about to start the process of applying for a mortgage with my partner. I have £5200 saved in a help to buy isa and £6000 in another savings account. She has a similar savings total and income / outgoings as I do. I take home £1700 / month after tax and have £400 total outgoings when food and fuel is taken into consideration.
According to Experian my credit score is 999. However last month I have a £20 income from "WDFC-Redress". I am now worried that showing on my latest bank statement will ruin any mortgage application. Can somebody please shed some light on this?
According to Experian my credit score is 999. However last month I have a £20 income from "WDFC-Redress". I am now worried that showing on my latest bank statement will ruin any mortgage application. Can somebody please shed some light on this?
0
Comments
-
I should note I haven't used payday loans for at least 8 years. I just made some bad decisions when I was younger0
-
Ajh0001 said:I should note I haven't used payday loans for at least 8 years. I just made some bad decisions when I was youngerThis shouldnt affect your application.Its from over 5 years ago. I dont see any reason to fret over it.365 Day 1p challenge - £371.49 / 667.95
Emergency Fund £1000 / £1000 ( will enlarge once debts are cleared)
DFW - £TBC0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards