Can a CIFA affect existing mortgage?

[privatejoker]

Hi guys, a little reassurance needed here to help with the sleepless nights!

 

Long story short, both me and spouse are students and she works part time in a bank. We have a mortgage and have never missed a payment or even been late with one.

 

Since becoming students we have applied for a few CCs and Loans, all which were approved, however we always selected 'full time employed' even though this was not the case (we really didn't realise how important that was, since we knew we could afford payments).

 

We are going on holiday soon and a few days ago, through work my wife tried applying for another CC which was free to use abroad and this was declined.

 

Since that happening we are overrun with worry that a CIFA or something will appear on our credit files, and that may affect our existing mortgage and us lose our house - is this possible?

 

We have now paid off every loan and CC except one in my name. There are no missed payments on any of the accounts. She is also worried that her work place will find out and that will accelerate things.

 

What do you all think about this? Thanks so much in advance.

[PaulW922]

I guess you mean a CIFAS marking? That is a fraud marker (which will stop you getting a mortgage, yes)

 

I cannot understand why you think you may have one though - getting declined for a credit card just means the bank didn't think they could make money out of you - thats all. If you said you were full time but are really part time the credit card company won't know unless they asked your employer which it very unlikely. (full time can be 16 hours + a week)

 

If in doubt, check your file but I really think you are worrying about nothing

[ericsbrother]

probably due to the amount of times you have swapped cards. They hate the interest rate surfers who change cards to take advantage of what they are offered. Didnt you know you are supposed to only take advantage of their offers when it suits them and not you?

[citizenB]

You can check your own credit files to see if there are any adverse markers against your name