Credit application

Discussion in 'General Chat' started by GTunney, Jan 30, 2014.

  1. GTunney

    GTunney
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    Hi everyone.

    I was looking to get a bit of background Info on how credit works.

    Basically I'm looking at getting a new tv on buy now pay later.

    I have 2 things outstanding on credit both a small amount. One which will be paid on 1st Feb (only £15) leaving outstanding credit on the other at about £100.

    I have a excellent credit score, have never defaulted or missed a payment and have always paid everything off within the allotted time to avoid the interest payments.

    Does credit go off outstanding balance or items and balance?
     
  2. True Romance

    True Romance
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    Can't see you having any problems. I've got 3 items on either bnpl or interest free. Sign up for one of the free trial credit reference company's to check out your credit score.
     
  3. Simian Sibling

    Simian Sibling
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    I wouldn't worry. I once had over 7k on credit cards and still got accepted for another credit card.

    It might be worth taking advantage of credit cards with a buy now pay no interest for 15 months. M&S is the only one that springs to mind but tesco was doing one not so long ago.
     
  4. GTunney

    GTunney
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    Thanks for the help guys.

    I went lastnight and everything got accepted and i've not got a new 55" Samsung hanging on my wall. Will be paid off in 2 months when I get my shares from work anyway.

    Don't know why I was so worried to be honest, probs the humiliation of getting declined.
     
  5. Simian Sibling

    Simian Sibling
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    It's never nice being turned down for anything.

    Now enjoy the tv ;)
     
  6. Mr Incredible

    Mr Incredible
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    Halifax have a special on at the moment :- 27 months interest free on balance transfers.

    [​IMG]
     
  7. DVD-Man

    DVD-Man
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    It's how good you are at paying back not how much you have outstanding on 'tick'
     

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