Hi,
I have a company issued corporate credit card. Unfortunately I am liable for the payments, so I'm guessing this counts against the serviceability of a home loan.
The company pays the money to me before the money is due to be paid to Citibank (where the corporate card is held). The card has a limit of $25k for business purposes, and although this could potentially be reduced to $20k that to me is here nor there.
Haven't had this issue before but it has been picked up by current bank in statements as a regular payment to Citibank.
Sorry for long winded post. Does this get taken into account with any loan applications given that it is just transferring through my bank account in essence?
Any ideas would be helpful?
I have a company issued corporate credit card. Unfortunately I am liable for the payments, so I'm guessing this counts against the serviceability of a home loan.
The company pays the money to me before the money is due to be paid to Citibank (where the corporate card is held). The card has a limit of $25k for business purposes, and although this could potentially be reduced to $20k that to me is here nor there.
Haven't had this issue before but it has been picked up by current bank in statements as a regular payment to Citibank.
Sorry for long winded post. Does this get taken into account with any loan applications given that it is just transferring through my bank account in essence?
Any ideas would be helpful?