first_img MORE: Family loses home over Disney dream Ms Tindall suggests those looking to get a foot in the door of a home this year cancel their credit cards. Picture: Janine Eastgate.There’s one simple thing you can do today if you want to boost your credit rating to buy a house — and many people are already cutting back.Latest national figures show the Aussie love affair with credit cards could be dying, which is not a bad thing for househunters.Card numbers have fallen to their lowest level of activity since March 2015, according to latest Reserve Bank of Australia data, with 15.97 million credit card accounts in November last year.Credit limits were also down to $151.94 billion (from $152.09 billion in October), according to comparison firm RateCity.com.au research director Sally Tindall.Ms Tindall suggested anyone looking to secure a mortgage this year cut back on credit cards to get a foot in the door. Credit is expected to be come even tighter this year.More from newsParks and wildlife the new lust-haves post coronavirus14 hours agoNoosa’s best beachfront penthouse is about to hit the market14 hours ago MORE: Viral motocross track home sells “People applying for home loan in 2019 might choose to cancel their credit card or reduce their limit in order to get their home loan application over the line,” she said.She expected the credit situation to become even tighter this year given new card rules that came into force on January 1.Ms Tindall said the new rules now made it harder for people to get access to credit and credit cards.“The government’s new regulations will force new credit card applicants to accept a credit limit they can prove can be repaid within three years,” she said. “It will also see people rethink the merits of having multiple cards.” MORE: Big shake-up in our most expensive suburbs Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:51Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:51 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p432p432p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenStarting your hunt for a dream home00:51 FOLLOW SOPHIE FOSTER ON TWITTERlast_img

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