El Cid Posted February 8, 2016 Share Posted February 8, 2016 I may be in a position to buy my council house in around a year but I am 53 and tight for savings. I am thinking about getting a different car in a few months, if I get a 6 month bank loan for around £1,000 will it make my chances better for getting a mortgage? Link to comment Share on other sites More sharing options...
Stoned Posted February 8, 2016 Share Posted February 8, 2016 I doubt it would hurt but if it would help? Im not sure. Why not ask the bank? Link to comment Share on other sites More sharing options...
the_bloke Posted February 8, 2016 Share Posted February 8, 2016 IMO you'd be better off clearing all your existing debts and lowering your monthly outgoings than getting more credit. Your credit score isn't just based on your ability to pay debt, it's also based on your potential to be able to take on more credit compared to your income. Link to comment Share on other sites More sharing options...
999tigger Posted February 8, 2016 Share Posted February 8, 2016 Uf tiy go on the experian or money saving expert forums you will get plenty of advice on measures you can take to improve your CR. Link to comment Share on other sites More sharing options...
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