Teddy's girl
Registered User
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- 8
We earn a combined e91,300 and have savings of e20k.
I also had my credit card revoked and am due to clear that loan by end of year.
Why are you not clearing your credit card now?
It makes no sense to have cash when you have a loan in default.
The 5 years starts when you have cleared all defaulting loans.
Brendan
How is the credit card debt currently appearing on your ICB and CCR reports?
Should I just clear the loan now or is there any point in proceeding in above ?
Oh apologies I think you might mean how it is showing up on ICB & CCR reports.How is the credit card debt currently appearing on your ICB and CCR reports?
Get a copy of your CCR report first. There's a form on their website where you request it.
I'd suggest you pay it all off, and show monthly savings.
Hi BrendanYes.
What do you think a mortgage lender would think of an application from someone who currently has a loan of €10k in default while having €20k in the bank?
My conclusion would be that this person is hopeless with money or dishonest and therefore I would not lend them money.
If they get into difficulty with their mortgage they would not clear the arrears so that they could build up a cash reserve.
Brendan
Ah, it is showing so. Just without an amount.Its not showing on ICB report however it is showing as 'Current Status' revoked credit card
Ah, it is showing so. Just without an amount.
Yes, pay it off and move on.
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