📨 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!

Can you get a loan with credit card debt?

Options
JAM0915
JAM0915 Posts: 61 Forumite
Second Anniversary 10 Posts Name Dropper
in Loans
If all payments have always been made on credit cards and mortgage etc. is it still possible to get approved for a loan if you have credit card debt? Thanks 

Comments

  • 400ixl
    400ixl Posts: 4,482 Forumite
    1,000 Posts Third Anniversary Name Dropper
    That would depend on affordability.

    Hard to say without details, for someone with a decent income and low balance on a credit card and reasonable mortgage payment, then yes. High debt on the card and low income probably not.
  • JAM0915
    JAM0915 Posts: 61 Forumite
    Second Anniversary 10 Posts Name Dropper
    I have around £2000 on a credit card and earn £24000 a year. Mortgage is around £375 a month 
  • macman
    macman Posts: 53,129 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    It's not about the debt, it's about your ability to service that debt...
    No free lunch, and no free laptop ;)
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.1K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture