Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Impact of credit card debt on future mortgage

  • 06-09-2015 8:28pm
    #1
    BrowmThomas
    Registered Users, Registered Users 2 Posts: 206 ✭✭


    Hi,
    Sorry to hijack the thread - my story -
    I had a credit card with mbna. I genuinely thought I had repaid it BUT they sent me letters to repay and the interest added and I think the final correspondence with them was for between 3 and 4 thousand euro! (At the time I couldn't repay as I had been screwed out of a large deposit for a business i was going to set up!)
    Stupid but I ignored mins as it wasn't high on my priority list.
    2 years later Cabot started contacting me. I agreed over phone to repay €2000.
    I just opened a statement from them that total repayment is 4 thousand and I have paid €2200.
    I recently ran a credit check and mbna shows.
    Question - I want to get a mortgage in the next 2 years - do I stand a chance??? Do I repay them the remainder of the 4 thousand??


Comments

  • #2
    slimjimmc
    Registered Users, Registered Users 2 Posts: 7,786 ✭✭✭slimjimmc


    Post split out from Consumer Issues and moved to own thread in Banking etc


  • #3
    NIMAN
    Registered Users, Registered Users 2 Posts: 34,673 ✭✭✭✭NIMAN


    Don't know what advice is right, as you won't find out for sure until you put your mortgage application in.

    But I think it's safe to assume that the credit card details will show up on your history.


  • #4
    BrowmThomas
    Registered Users, Registered Users 2 Posts: 206 ✭✭BrowmThomas


    I had posted in another thread where advice was given about Cabot. Someone was told not to pay them.

    Basically I will have 25/30 thousand for a deposit by summer next year and have set up a savings account etc but am worried the credit rating will go against me. (I will be looking for around 150 thousand) Bank have proof I repaid my business loan in full with no problems. I had one other loan years ago that I paid too.


Advertisement