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Credit card amount on loan
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I always use last statement date as that's easier to keep track of. If I look at the card I used mostly it will have one total showing online today but by Tuesday it will show a higher amount due to stuff I bought last week having finally caught up with their system.I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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If I use the most updated on my credit file (the statement before last) so June even though July has been made up, will this stop us getting the loan?0
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Use the most current figure, as that will match up most closely with what lenders see in real time reports.0
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So if I use the June statement figure will it cause us to get rejected?0
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No one can tell you whether you'll be rejected or not.
But you should be aiming to answer honestly.0 -
Basically my credit card has a balance of £726 in June from a £5000 limit.It then has just over £2000 in July statement and has around £2500 at the minute.If I put the £2000 latest statement figure on the loan application am I likely to get rejected even though my credit score is good? Thanks0
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Put £2500.
You credit score has no bearing on you getting the loan or not.0 -
Credit score doesn’t? Then what does?0
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Surely your credit score reflects the way you have managed debt in the past etc?0
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What is your aversion to putting down the correct and honest balance?JAM0915 said:Basically my credit card has a balance of £726 in June from a £5000 limit.It then has just over £2000 in July statement and has around £2500 at the minute.If I put the £2000 latest statement figure on the loan application am I likely to get rejected even though my credit score is good? Thanks
If you aren’t clearing your balance in full, is a loan going to compound issues?If you believe you can, you will. If you believe you can't, you won't.
Secured/Unsecured loans x 1
Credit Cards x 8 (total limit £55,050)
Creation FS Retail Account x 1
Creation Credit Sale 0% x 1 = £112.50pm x 20 mths
0% Overdraft x 1 (£0 / £250)
Mortgage Outstanding - £137,707.00 (Payment 13/360)
Total Debt = £7,400 (0%APR) @ £100pm - Stoozing0
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