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!
asking two credit card providers for a limit increase at the same time - bad idea?
Comments
-
I'd love to know what app this is that's telling you to increase your limits? Please, share.
Mortgage underwriting really isn't that finicky. Have one bank account, one phone contract, and one credit card, that you use occasionally, always pay off in full, and always keep under 50% of its limit.
Don't chop and change accounts - leave a small number of well run accounts open for a long time, and you'll be grand for mortgage underwriting as long as there's no adverse history like CCJs, insolvencies, arrears or defaults.
So long as you've also got a permanent contract or three years books, there's really no reason not to be offered 4.5x your annual income so long as you've sufficient deposit in the bank.
Just take it easy 👍0
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