 Why do people struggle financially after christmas...is it because they got everything on credit for xmas? |
I'm confused here..all my friends are saying they are so hard up financially now christmas is over.
They got everything on credit for christmas is that why?
I started buying in F... |
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 UK please: what is a good credit card to apply for? |
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Lol thanks - I'm aware of the current financial situation but I got one recently - no troubles- and need (not 'want') another for my own personally ... |
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 Need a small loan 1,000 $? but under 18 ? |
| I need a loan of about 1,000$ dollars to buy a new camera im underage with no credit cards but my parents own some so could i get a loan through them i could only pay about 50$ a month where could i ... |
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 How hard is it to get a auto loan ? |
| The lease is up on my vehicle, and I need to get into a new auto loan (or lease). The car I am looking at has a sticker of 22,000.00 My credit score is about 630-640 and the person who is co-signing ... |
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 Will using my debit as a credit card build my credit? |
| I have a debit card with a small bank and I was wondering if using my debit as a credit will increase my credit? I am trying to apply for a credit card, but got denied by chase because of no credit. T... |
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 Can I lie about my age to get a Credit card? |
| Is it safe to lie on a cerdit card appliction so I can get a credit card. Because the only reason why I need one is for business/emergency purpose only. But I too young to even apply for one.... |
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 Someone used my identity to open a credit card. What do I do? |
| I've been playing phone tag and nobody will give me answers. I tried looking it up on line and things are contridicting themselves. I need someone with personal experience to help me. I'm ... |
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 Does it help or hurt my credit score if I get a home equity loan? |
| I do not have a great credit score, but only one Visa card and two others. I know the formulas are secret but does anyone know if this one factor has a predictable effect?... |
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 I just got my credit card ... ? |
| So if i want to buy something (google ads) if i just buy some it will add to my balance and then how do i pay for it and is the limit to pay your balance the end of the month or something because its ... |
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 What is the best credit card for an 18 year old? |
| I am only getting a credit card so that I can make small purchases and pay them off right away to build my credit. Please do not lecture me on how to use a credit card, I am already fully aware. I ... |
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 I got ROBBED!!!? |
| I returned something back onto my debit card, but it did not post today, I have been spending money today, and I am in the negative, when realistically, there is plenty in there, it just needs to ... |
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 Is it legal to give credit to someone on social security benefits? |
| i have been given credit while on bebefits and the interest is very high, do i legally have to pay it all back? the collection agency have stopped collecting payments and now sending me ... |
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 Can you build great credit, without credit cards? If so, how? |
| I am about to have my first job ever, start paying taxes, grown up things you know. I don't want credit cards, I don't want to spend money that I haven't earned, and end up in debt, ... |
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 I need to consolidate my debt through one of those financial counseling places, but also want to keep my C.C.? |
| My biggest debt problem is a credit card that has nearly a 10K balance and about 60% of that is on Cash Advances which has a 25% APR. You see the C.C company has it rigged where making the min. ... |
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 Can I use a credit card to pay on ANOTHER credit card? |
Long story... lol. I just dont want to pay a lot of interest if I have to get cash
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Long story... lol. I just dont want to pay a lot of interest if I have to get cash ... |
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intelligensio | If i get a £6,000 loan out NOW will it affect me getting a mortgage in 18 months? |
I may have to get a loan out but i will be able to apply for a mortgage on the keyworkers scheme in 18 months. I was taking out the loan to pay off some bills abroad. I only have one credit card with limit of 400. Nothing else going on with my credit at all |
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town_cl0wn
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it depends really, I don't really know what this keyworkers scheme is
but having a loan and managing the payments looks good on your credit reports
It all depends really on your monthly wages, how much mortgage you wish you take out over what term and if you can afford the repayments of that including your bank loan
we got a mortgage with an outstanding bank loan with a major mortgage lender(who still send us letters asking if we want a loan lol)
I think the most important thing is proving that you're good at keeping payments up to date and being able to afford them
hence why people who have never had any credit, often get refused because there's nothing to go on |
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Avalon
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only if you default on it |
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RUTH M
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Why do you need a loan for 6k if you only have debt of £400 on a credit card? U hiding something here? It shouldn't be a problem getting a mortgage anyway as long as you can prove you aren't going to overstretch your income. |
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Marshmallow
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A 6k loan 18 months before a mortgage wont affect it at all if it's been paid well. The only part it will affect is the amount the company will lend you. For instance if they would originally allow you to borrow 100k and you pay £2400 to the loan each year (ie £200 per month) they would only lend you £97600. Apart from that, credit-wise, they wouldn't care. As long as they feel you can afford the repayments there will be no problem.
It would be worse if you took a loan out just after you took a mortgage. |
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patrick m
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as long as you have enough money coming in you should be alright |
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Estee
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you need to speak to an independent financial/ mortgage advisor. They will tell you all you need to know about key-worker scheme and how this loan could affect you in terms of how much you can borrow from the lender. I would suggest going into an estate agents (pref not corporate as they are usually pushy and the mortgage advisor usually has a panel of lenders he has to put forward- an independent advisor will be able to search freely and will usually not charge you for the appointment as they usually get commission from life insurance policy etc). |
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nemesis
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Taking a £6,000 loan now should be okay providing you don't miss payments on it. However, whether it affects your mortgage application depends on what the monthly repayments are, and whether you're planning to settle the loan. I took out a £4,000 loan about 6 months ago, and it didn't stop me from getting a mortgage for £120,000. |
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?
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who cARES. if uv got 6k go mad, worry about it after. actually forget that. oh for gods sake. ignore me...lmao |
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artlogical
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When getting approved for the mortgage, they will want to know your other expenses and debts. If not paid off by then, it would count against you. |
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uknative
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It will depend entirely upon your income. The mortgage company will want to know of outstanding debts, etc., as these are subtracted from your annual income, in order for them to assess a mortgage on your remaining income. Companies will usually lend up to around 3 times your annual income, and some will lend even more (which is very dangerous for the person borrowing), but any debts will be offset against that. |
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GLYN D
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If you take out the loan keep up the payments it will give you a good credit history, which is what mortgage company's look for. It will do you more good than harm. Good luck for the future |
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