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  • Profile photo of needhelpneedhelp
    Member
    @needhelp
    Join Date: 2013
    Post Count: 7
    September 13, 2013 - 2:03 pm

    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 now almost 600.

    I will update as soon as we get feedback.

    Profile photo of needhelpneedhelp
    Member
    @needhelp
    Join Date: 2013
    Post Count: 7
    September 13, 2013 - 1:28 pm

    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?

    Profile photo of needhelpneedhelp
    Member
    @needhelp
    Join Date: 2013
    Post Count: 7
    September 13, 2013 - 11:32 am

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

    Profile photo of needhelpneedhelp
    Member
    @needhelp
    Join Date: 2013
    Post Count: 7
    September 10, 2013 - 7:47 am
    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.

    Profile photo of needhelpneedhelp
    Member
    @needhelp
    Join Date: 2013
    Post Count: 7
    September 10, 2013 - 7:43 am
    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 center.

    If you've had good conduct with your existing Westpac credit card – that should get you some bonus points with credit scoring. Your employment type, borrowing capacity, length of employment and about a hundred other factors will also come into play.

    Cheers

    Jamie

    Thanks Jamie. As mentioned above all these cards are credit and I have never been late. I work as a full time senior accountant, but changed jobs last year. I was in the previous company for three years.

    Profile photo of needhelpneedhelp
    Member
    @needhelp
    Join Date: 2013
    Post Count: 7
    September 10, 2013 - 7:36 am

    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 broker said I can only go with ANZ and Westpac, because I don't have 20% deposit and I have had accounts with both. Other than changing jobs a year ago (and previous position for 3 years), I have been in my place for 7 years.

    May be I should get another broker.

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