Car insurance and improving my credit rating?

mgmgrand1

Hi there

I am trying to improve my credit rating. I have no loans, debts and never had a credit card until last month where I got a 0% Purchase for 12 Months Barclaycard Platinum with a £1000 limit.

Now, I am about to purchase some car insurance which is in the region of £900 and I am going use my credit car to pay for this. Now, what is the best way to improve my credit rating...do I divide it up and pay it off in monthly installments over 10months(I understand that is 12months but one month into that and want to pay it of a month before that 12 months is up to avoid any mistakes) or do I pay for it on my CC and then transfer that money over from my savings immediately? Just wondering what is reflected better?

Any help would be much appreciated.

Thanks
M

[Deleted User]

If it's on 0%, then the sensible thing is to make min payments plus £1 until the deal is almost up, then clear the remainder in full.

mgmgrand1

Brill. TY. That is what I will do.