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Credit Newbie!
harriko
Posts: 121 Forumite
in Credit cards
At the moment I have no credit rating or credit history at all. i finally recieved my first credit card from capital one with only £200 limit and about 30% int. By reading all the other threads in this forum looking for tips to build a better rating and history I have been using the credit card and paying them off on time each month. How long do I have to do this to build my rating for a better higher credit? thanks
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Comments
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6 months will be a good start before applying for more competative creditIf it doesnt pay rent sell it.
Mortgage - £2,000
Updated - November 20120 -
I did this for 1 year 6months (same card, same limit, little lower apr though) and last month i applyed for and got a barclay card (little higher limit, lower apr) I will do the same with the b card as i did with the co card (same as you are doing) but i dont want any more now, this is more than enough
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