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needhelp replied to the topic Mortgage Application - Too Many Credit Enquiries in the forum Finance

Fri, 13 Sep 2013 14:03:44 +0000

Thanks everyone for your comments and advice. Our mortgage application was lodged on Monday with Westpac so we are just crossing our fingers.

It is clear that our broker has not told us many things in terms of the options we had, I only thought we were limited to ANZ and Westpac.

I have had two enquiries on my file removed and my Veda score is…[Read more]

needhelp replied to the topic Mortgage Application - Too Many Credit Enquiries in the forum Finance

Fri, 13 Sep 2013 13:28:27 +0000

I spoke to him today – and also called him on Wednesday. He actually said I should expect an answer early next week. I received an alert that Westpac checked my credit file on Tuesday. I will give him a call early tomorrow morning.

Can I get rid of him or it is too late?

needhelp replied to the topic Mortgage Application - Too Many Credit Enquiries in the forum Finance

Fri, 13 Sep 2013 11:32:34 +0000

Well, my broker is the one telling me this? I am assuming I can not communicate with the bank direct?

needhelp replied to the topic Mortgage Application - Too Many Credit Enquiries in the forum Finance

Tue, 10 Sep 2013 07:47:23 +0000

TheFinanceShop wrote:
Ok credit enquiries wise – you are ok. To a degree I would like to see a breakdown in the enquiries (i.e. if they were unsecured or secured enquiries).

Re the jobs – is it the same line of work/professional or is it a change in professions?

Same profession, I am an accountant.

needhelp replied to the topic Mortgage Application - Too Many Credit Enquiries in the forum Finance

Tue, 10 Sep 2013 07:43:07 +0000

Jamie M wrote:
Hi needhelp

While 20 enquiries is quite a bit – it sounds like your file hasn't been too active over the past 12 months, is that correct?

If so – you should be ok. The cluster of enquiries from the car finance and credit cards can be explained. You need to be careful with car finance – they'll throw applications left, right and…[Read more]

needhelp replied to the topic Mortgage Application - Too Many Credit Enquiries in the forum Finance

Tue, 10 Sep 2013 07:36:13 +0000

Thanks Shahin for your detailed email.

I have 7 credit enquiries in the last 12 months, one in the last 6 months and none in the last 3 months. The recent one is with Westpac. I am expecting Telstra to remove one which appears to be a mistake.

I have prepared a detailed summary of each of them and evidence that the cards were closed/loans.

My…[Read more]