Yes they will it takes the consumer side over big business
don’t take out lots of credit cards - I have a lower credit score and never defaulted on a thing in my life but it’s because it seems I’ve got several credit cards with big limits - around £10 grand even though I never use them
Credit score is based on available credit not how much you’ve used them. Overdrafts, flexible loans, credit cards all count for the max limit not the outstanding balance.
Credit score is based on available credit not how much you’ve used them. Overdrafts, flexible loans, credit cards all count for the max limit not the outstanding balance.
Yeah it’ll count against you. You’ll have a max amount of credit allowed and what % you are at of it. £80k in unused credit card or overdraft capacity is treated the same as an active loan with £80k balance remaining you’ve got out for that calculation I believe.
Yeah it’ll count against you. You’ll have a max amount of credit allowed and what % you are at of it. £80k in unused credit card or overdraft capacity is treated the same as an active loan with £80k balance remaining you’ve got out for that calculation I believe.
Just going on from my post above, I'm now nearly 69, living on a state pension and receive disability benefits. I live in a social housing bungalow with zero savings. We bought our furniture from charity shops when we moved to Malvern. I'd love to see them get anything out of me!
Best way to be.
My late father-in-law retired at 65, subsequently sold his house, and spent his money travelling.
He passed last year at 99 and 11 months, having still been visiting his son in NZ in his mid nineties.
He lived in a sheltered flat in Evesham that only cost him a couple of hundred a month due to charitable support, and only had a few bits of second-hand furniture and a brand-new mobility scooter to his name.
But, he loved his debt-free life.
Bless his cotton socks.
Just going on from my post above, I'm now nearly 69, living on a state pension and receive disability benefits. I live in a social housing bungalow with zero savings. We bought our furniture from charity shops when we moved to Malvern. I'd love to see them get anything out of me!