Alder more and credit cards

Slou123

What’s their policy on credit cards? I had used mine last month but paid off in full at the end of the month. Have cancelled it since. Will it be an issue 

K_S

@slou123 There's no policy as such but as long as there weren't any adverse markers on the account, it should cease to be relevant once you've paid off the balance, closed it and that's updated on the credit report.

Slou123 said:

What’s their policy on credit cards? I had used mine last month but paid off in full at the end of the month. Have cancelled it since. Will it be an issue 

Slou123

Yes no adverse, paid off and closed about three weeks ago. Application already gone in yesterday so was just concerned they would reject for that

Slou123

K_S said:

@slou123 There's no policy as such but as long as there weren't any adverse markers on the account, it should cease to be relevant once you've paid off the balance, closed it and that's updated on the credit report.

Slou123 said:

What’s their policy on credit cards? I had used mine last month but paid off in full at the end of the month. Have cancelled it since. Will it be an issue 

Also would they have seen this at the Dip stage? Thank you! I’m stressing so much

Ollie_90

Recently went with Aldermore. I have 3 credit cards all paid off in full at the end of every month. The only thing they did was make it a condition of the mortgage offer that they are paid off by completion. 

Slou123

Ollie_90 said:

Recently went with Aldermore. I have 3 credit cards all paid off in full at the end of every month. The only thing they did was make it a condition of the mortgage offer that they are paid off by completion. 

Thanks! How did you find the whole roocess? We have our DIP but worrying about every little thing that may lead to rejection!x