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    Rebuilding Credit Rating
    • #1
    • 9th Dec 12, 6:12 PM
    Rebuilding Credit Rating 9th Dec 12 at 6:12 PM
    Hi Everyone,

    I have had a good credit rating in the past but then I lost my job and had to default on two credit cards.

    I am now in full time employment and one of my goals is to improve my creditscore.

    I still have one usable credit card which I managed to keep up payments on. My question is this. Is it better for me to terminate this credit card and get a new one, which I could use monthly and pay it off at the end of each month, just for the purpose of improving my score. Or can I achieve the same outcome using my existing credit card (which I have now paid off)?

    Experian recommends getting a high APR card for a single purpose of rebuilding your credit score. But will I get the same result using my current credit card?

    Many Thanks

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