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Does credit card affects your credit score (mortgage)

  • 22-03-2023 5:15pm
    #1
    amobile
    Registered Users, Registered Users 2 Posts: 6 ✭


    Hi all, long story short, I’m in process of applying for mortgage. 

    My problem is that I went over limit on credit card several times (I was stupid) but always made payments on time, will this get me denied?

    I have had several loans in recent years including car loan and I never missed any payment on them. In last 6 months I have paid all outstanding loans and credit cards and I have no debt right now. (And I closed 1 credit card which I didn't used) I was also heavily saving for last 6 months(way above mortgage payment) Do I have chance?



Comments

  • #2
    CalamariFritti
    Registered Users, Registered Users 2 Posts: 5,934 ✭✭✭CalamariFritti


    Loans and cards aren't a problem, without them you wouldn't have a credit history. From what you hear a good credit history is one with loans and cards which were always serviced. I imagine even going over the limit once or twice isn't too bad. As long as you didn't miss repayments or had cards maxxed out for long periods making only minimum payments I wouldn't worry about it too much.



  • #3
    amobile
    Registered Users, Registered Users 2 Posts: 6 ✭amobile


    Cheers



  • #4
    redlough
    Registered Users, Registered Users 2 Posts: 862 ✭✭✭redlough


    https://www.boards.ie/discussion/2058289306/does-credit-card-affects-your-credit-score-mortgage

    Going over the limit the odd time is not a problem

    Non payment of loans etc are a bigger issue

    Or not paying off a credit card

    While applying why not ask the bank do they do a credit card with 0% interst for a period if you transfer the balance? that will help pay it off



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