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Payday loans - joint application

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zapalki
zapalki Posts: 3 Newbie
First Anniversary First Post
in Mortgages & endowments
Hi all, 
I'm planning with my partner to apply for a mortgage in 2023 but the problem is that I had a few payday loans - the last one paid in 2019. Never missed payment. 
My partner has a very good credit report with an excellent credit score - do you think that my payday loans will have a negative impact? 

Comments

  • K_S
    K_S Posts: 6,877 Forumite
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    @zapalki In 2023? Assuming that the lending environment is similar to today, it's unlikely that 4+ year old pdls will have a material impact on your chances.

    I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, 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. 

    PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.

  • zapalki
    zapalki Posts: 3 Newbie
    First Anniversary First Post

    thank you for your reply. 

    Do you think will be worth asking the creditor if they can remove those accounts from my credit file as a goodwill gesture (sunny loans so will have to ask administrators) or this works only in the US? also don't want to messed up more...


  • K_S
    K_S Posts: 6,877 Forumite
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    @zapalki I don't think they will bother to do that and it's unlikely to have much impact anyway in 2023. No harm in asking I guess.

    I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, 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. 

    PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.

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