When I was at university I took out some credit cards which I endedup missing payments on and ultimately running up bad debts. I eventually paid these off but it has had anegative impact on my credit rating. Iwould now like to buy a house. Thiscredit card debt will be removed from my credit file in 3 months time (it wasnearly 6 years ago) however I have seen a house I like and would like to get anagreement in principle from my bank in order to proceed with it. However will I be able to do this right nowor will I have to wait a few months until this is wiped form my file? Also I am a bit scared to go and speak to mybank in case they turn me down and then this has a further negative impact. I would really appreciate any advice.
When I was at university I took out some credit cards which I endedup missing payments on and ultimately running up bad debts. I eventually paid these off but it has had anegative impact on my credit rating. Iwould now like to buy a house. Thiscredit card debt will be removed from my credit file in 3 months time (it wasnearly 6 years ago) however I have seen a house I like and would like to get anagreement in principle from my bank in order to proceed with it. However will I be able to do this right nowor will I have to wait a few months until this is wiped form my file? Also I am a bit scared to go and speak to mybank in case they turn me down and then this has a further negative impact. I would really appreciate any advice.