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
Using credit card- will it effect remortgage?
Cam93
Posts: 74 Forumite
to keep it short and simple,
Currently remortgaging, previously both me and my partner worked however she has now been laid off so everything depends on my earnings alone.
I took out a 0% virgin card about 4 months ago with the sole purpose of putting my wedding on it - approx 6000.00 with a limit of 7200.00.
I already have 2500.00 on there fir the first payment however I'm concerned if I'm seen to be racking up credit it may effect my mortgage? Should I put the remaining 3500 on the credit card or just pay it off by direct debit?
I have enough money to easily pay the costs, I was simply putting it on a 0% card because I wanted to earn intrest on it and frankly its better off in my bank rather than theirs ?
TIA
Currently remortgaging, previously both me and my partner worked however she has now been laid off so everything depends on my earnings alone.
I took out a 0% virgin card about 4 months ago with the sole purpose of putting my wedding on it - approx 6000.00 with a limit of 7200.00.
I already have 2500.00 on there fir the first payment however I'm concerned if I'm seen to be racking up credit it may effect my mortgage? Should I put the remaining 3500 on the credit card or just pay it off by direct debit?
I have enough money to easily pay the costs, I was simply putting it on a 0% card because I wanted to earn intrest on it and frankly its better off in my bank rather than theirs ?
TIA
0
Comments
-
I wouldn't add it to the credit card, especially as you are relying on one wage for the remortgage. Lenders are being quite strict with criteria, it's just not worth the risk.
Mortgage started 2020, aiming to clear 31/12/2029.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards