Hugh credit utilisation looking to rent in 3 months time
Question: Could me and my bf be rejected solely from my credit score/ credit utilisation? To note: I have no CCJS, missed payments or anything adverse like that.
Hi, just wanted some advice as I’m really getting worried about it. Me and my bf are planning to move in to a rental property by end of September. The monthly rent will probably be around 1.2k / 1.3k. My bf is on 50k and has a really good credit history and score but I am on 27k and my credit utilisation at the moment is 88% and I can only afford to get that down to 70% by September time as I am also trying to save for our deposit.
He thinks it should be fine, but with credit checks in the UK and the new rental rules i’m scared for how competitive properties may be and so I just wanted to hear any experience anyone’s had with a similar situation where they may have been rejected for a house solely based on credit utilisation.
(I am planning and budgeting to clear all of the credit cards as soon as I can. )