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credit score
loren1234
Posts: 2 Newbie
Hi, I'm looking for some advice please.
I am looking to get a morgage at the end of the year as a first time buyer with my husband.
Therefore I want the best possible credit score.
I have one credit card (I don't owe a lot on it) which I pay the minimum amount each month. Should I continue to pay the minimum amount and build up my score by showing I can keep up with payments, or pay off the full amount?
Any advice would be greatly appreciated.
Thanks.
I am looking to get a morgage at the end of the year as a first time buyer with my husband.
Therefore I want the best possible credit score.
I have one credit card (I don't owe a lot on it) which I pay the minimum amount each month. Should I continue to pay the minimum amount and build up my score by showing I can keep up with payments, or pay off the full amount?
Any advice would be greatly appreciated.
Thanks.
0
Comments
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I couldn't say which would be better, but i have recently had a credit rating which was good and the only debt i have is a credit card that i owe ~£500 and have been making the minimum payments for about 3 years.
So in my case doing it minimum monthly has worked. Hope this helps!0 -
If it was me, and I'm in a similar situation, I would be looking to clear the credit card, then use it for little things like fuel/food and pay it off in full each month. It shows that theres a lower risk of clocking up the debt. I have a little more then £500 to go though0
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