V A N Q U I S

kilasuit

TheEffect wrote: »

Made some payments today.

Vanquis was £119 - now £0
Aqua was £220 - now £170
Aqua was £80 - now £0

Just got to pay off £170 to aqua then I'm credit-card debt free.

2 aqua accounts or is 1 cap1?

TheEffect

CapOne. Sorry, it's been a long day at work.
I'm going to pay off Aqua on 23rd when I get paid from the 2nd job. Can't wait to owe no money on CC's. I'm getting rid of Aqua and Vanquis. Don't want any more then 1 CC.

Neyo

bigup7 wrote: »

i may just do that!

just to understand it better, the more credit they give me, does this increase my credit score?

Yeah i would like to know this can anyone help

never-in-doubt

Neyo wrote: »

Yeah i would like to know this can anyone help

Indirectly the higher the limit means that other lenders can assess you better as they will see for instance that although you may have a card with £2k limit, if you only owe £200 then this looks good.

If however you have a card with a £200 limit and a balance of £190 this looks bad.

Basically, higher/more credit commitments show prospective lenders you can manage. There is no hard rule that says more credit = better score but it will inadvertently help.

Parki_2

Im pretty sure the woman at capital one told me I may get an increase after 3-4 months?

Parki_2

Yep

Credit Limit Increase - Manage your account well † and we'll increase your credit limit on your 4th statement.

Neyo

never-in-doubt wrote: »

Indirectly the higher the limit means that other lenders can assess you better as they will see for instance that although you may have a card with £2k limit, if you only owe £200 then this looks good.

If however you have a card with a £200 limit and a balance of £190 this looks bad.

Basically, higher/more credit commitments show prospective lenders you can manage. There is no hard rule that says more credit = better score but it will inadvertently help.

Thanks for the reply

lilian1977

kilasuit wrote: »

in response no

i've had mine since april this year and it is on equifax and experian but as of yet not on my call credit report.

ring them and ask if theres any reason that yours isnt reported to the CRA's and request that they then report it from the initial date of getting the card with them i.e. backdate (which they may or may not do but is still worth the ask as this will significantly improve your credit report as it shows good credit management)

I'd state that the non reporting of this account to the CRAs is detrimental on your report and wish for it to be updated asap

Thanks, I'll get on to this now.

kilasuit

lilian1977 wrote: »

Thanks, I'll get on to this now.

let us know what they say

many thanks

lilian1977

Just spoke to them and they said it should be on there so they are going to get in touch with another department (I've already forgotten the name, useless) and sort it out. I've said I'll check my credit reports in a month and come back to them if they're not on there.

Thanks for the advice.