Credit Card when applying for a mortgage

c6ysaphjvqw41k

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wench

It is no problem to have it, you can keep on as you are.
You will be asked for 3-6 months of statements to show you don't carry debt on it, and as you don't you'll be fine.

c6ysaphjvqw41k

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coylemj

Hassan Short Viewer wrote: »

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You're bordering on paranoia when it comes to using that credit card. If you use it to make purchases, wait until you get the monthly statement and pay it off in full before the deadline to avoid interest. Paying it earlier gets you no brownie points from anyone.

Utilising the free credit period in full does not constitute reckless behaviour as far as financial institutions are concerned, what matters is that you avoid interest and/or late payment penalties which shows that you can manage the card from month to month.

Nervous Wreck

coylemj wrote: »

You're bordering on paranoia when it comes to using that credit card. If you use it to make purchases, wait until you get the monthly statement and pay it off in full before the deadline to avoid interest. Paying it earlier gets you no brownie points from anyone.

Utilising the free credit period in full does not constitute reckless behaviour as far as financial institutions are concerned, what matters is that you avoid interest and/or late payment penalties which shows that you can manage the card from month to month.

It's all the same though but the way the OP does it, she doesn't forget any transactions and they don't build up to a large sum she ends up having to pay in one go.

Zagato

I imagine that it looks good to use it and repay it on time (no need to do early), as you are demonstrating responsible repayment of debt