I have an imperfect credit history, due to a financially rough few years that coincided with a career change and some other issues. I've never defaulted, but I've had some late payments as things got on top of me. About a year ago I was summarily refused credit by PTSB, with whom I had banked for decades, and by GE.
Recently, I am in a much better situation, and I feel I have turned a corner. I have a good income that stacks up well against monthly outgoings and is secure in the long term. I have a quite high value home, with relatively little borrowing against it. I am considering seeking credit again, in order to kill off two credit cards, to buy a modest car, and to do one or two other things.
I am wondering:
a) Are there particular lenders who are more likely to do business in these circumstances, and perhaps meet me to make a more informed judgement, rather than rely on a database reflex?
b) Does a rejected application go on my credit record and make things worse?
c) Am I better off applying for a larger loan, or does it make no difference?
Any advice greatly appreciated.
Recently, I am in a much better situation, and I feel I have turned a corner. I have a good income that stacks up well against monthly outgoings and is secure in the long term. I have a quite high value home, with relatively little borrowing against it. I am considering seeking credit again, in order to kill off two credit cards, to buy a modest car, and to do one or two other things.
I am wondering:
a) Are there particular lenders who are more likely to do business in these circumstances, and perhaps meet me to make a more informed judgement, rather than rely on a database reflex?
b) Does a rejected application go on my credit record and make things worse?
c) Am I better off applying for a larger loan, or does it make no difference?
Any advice greatly appreciated.