first credit card

just got my first credit card it is for my car insurance and incase of emergencies but was wondering if i pay off 150 pound per month to clear it off will this give me a good creidt rating? how long can any debt be held on a credit card?
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Comments

  • dhassen
    dhassen Posts: 759 Forumite
    If you pay off (I assume you mean spend and pay off?) 150 pm on your credit card it will imporve your rating, but there are loads of other factors that'll mean you have a good rating. As far as I know as long as everything is above board and propper, a debt can be held on a CC until you die I guess..... are you planning on never paying off your debt? lol
    Official DFW Nerd Club - Member no. 784 - Proud to be dealing with my debts
  • Staciep88
    Staciep88 Posts: 590 Forumite
    You need to let us know the credit limit, the amount you are looking to spend on the card each month and the interest rate.
    xXx
  • hi
    every body. i need to help you.

    i need your help. that i want to create my creadit in bangladesh.
    but how. tell me.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    Tagsy87 wrote: »
    just got my first credit card it is for my car insurance and incase of emergencies but was wondering if i pay off 150 pound per month to clear it off will this give me a good creidt rating? how long can any debt be held on a credit card?


    Not knowing your full circumstances but unless it's a 0% CC then NOT paying the full amount each month is a really bad start to CC usage... you'll end up paying a lot of interest unless you pay in full.
  • clio
    clio Posts: 3,345 Forumite
    niaz4 wrote: »
    hi
    every body. i need to help you.

    i need your help. that i want to create my creadit in bangladesh.
    but how. tell me.

    Thats not a very nice link in your post, have you got permission for it??

    edit
    Doubt it coz it,s vulgar, so i'll take it upon myself to report it.:)
  • Tagsy87
    Tagsy87 Posts: 22 Forumite
    the credit has 0% for 6 months and i am going to put 700 pounds for insurance on it and pay that off i dont want any longstanding debts on it and want to keep it for emergencies
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    Tagsy87 wrote: »
    the credit has 0% for 6 months and i am going to put 700 pounds for insurance on it and pay that off i dont want any longstanding debts on it and want to keep it for emergencies


    that sounds very good

    to improve your credit rating once the 0% period is over, use the card regularly (say for petrol or whatever) and pay in full (set up a DD so you never forget).. this will show you as a good and regular payer.
  • PROLIANT
    PROLIANT Posts: 6,396 Forumite
    1,000 Posts Combo Breaker
    clio wrote: »
    Thats not a very nice link in your post, have you got permission for it??

    edit
    Doubt it coz it,s vulgar, so i'll take it upon myself to report it.:)
    Dirty little b@$tard, the spammers have reached a new level, wouldn't have been so bad if it was Lucy Pinda!
    Since when has the world of computer software design been about what people want? This is a simple question of evolution. The day is quickly coming when every knee will bow down to a silicon fist, and you will all beg your binary gods for mercy.
  • clio
    clio Posts: 3,345 Forumite
    Oi Oi MR P good win last night eh ??
  • PROLIANT
    PROLIANT Posts: 6,396 Forumite
    1,000 Posts Combo Breaker
    clio wrote: »
    Oi Oi MR P good win last night eh ??
    Oh yes, howz wor Clio like?
    Since when has the world of computer software design been about what people want? This is a simple question of evolution. The day is quickly coming when every knee will bow down to a silicon fist, and you will all beg your binary gods for mercy.
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