Contractor mortgage bank statements

[turbowoowoo]

I know it's off topic, but given that you've been contracting for a few years, including two years with the current client, why haven't you got a better bank balance?

How do you know he hasn't? And is this not a bit personal?

[FatLazyContractor]

I doubt any of the nice old pensioners on the street have done him in.

That's more dangerous innit? The bait for chavs is all around your bro!

[TheFaQQer]

How do you know he hasn't? And is this not a bit personal?

If he has a decent bank balance, why would he be asking about problems with a bank balance?

[DannyF1966]

I like the way he's removed the text of his post but the whole thing is then quoted in the first reply

[OwlHoot]

...........

With a mortgage application, or any loan such as a car loan, the main reason they look at bank statements is to see if you are maxing out each month.

They'll take a dim view of a bank statement that shows you regularly bumping up against your credit/overdraft limit.

[pippin123]

I've never gone into overdraft, and travel costs, rent, fuel, car insurance etc.

[GlenW]

I've never gone into overdraft, and travel costs, rent, fuel, car insurance etc.

Not a clue what this means. How do you go into travel costs, rent, fuel or car insurance?

[pippin123]

Ie i've never bumped up against my overdraft or used credit cards etc, my credit score is clean as a whistle. And i'm just saying that its not easy in this country fuel bills, shopping etc adds up.

[GlenW]

Ie i've never bumped up against my overdraft or used credit cards etc, my credit score is clean as a whistle. And i'm just saying that its not easy in this country fuel bills, shopping etc adds up.

Right, I now understand what you are saying, but why are you saying it?

[Eirikur]

Ie i've never bumped up against my overdraft or used credit cards etc, my credit score is clean as a whistle. And i'm just saying that its not easy in this country fuel bills, shopping etc adds up.

If you never have used a credit card your credit score is likely to be quite poor. No history is also bad.
Agencies look at how quickly you pay back your creditcard bills and use it for their scoring