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would paying off CC in full help to mend poor credit score
brettcta
Posts: 4,693 Forumite
in Credit cards
i have a couple of missed credit card payments over the last 2 years which is affecting my Credit score - if i was to pay the card off in full, would this help to mend my score?
helpful tips
it's spelt d-e-f-i-n-i-t-e-l-y
there - 'in or at that place'
their - 'owned by them'
they're - 'they are'
it's bought not brought (i just bought my chicken a suit from that new shop for £6.34)
it's spelt d-e-f-i-n-i-t-e-l-y
there - 'in or at that place'
their - 'owned by them'
they're - 'they are'
it's bought not brought (i just bought my chicken a suit from that new shop for £6.34)
0
Comments
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Hmm....I doubt it would... it will just count as a closed/settled account.
I could be wrong though, I sure others could advise.DEBTFREE AND PROUD!!0 -
well if i was to pay it off and then just make a small purchase every month and pay that off in full?helpful tips
it's spelt d-e-f-i-n-i-t-e-l-y
there - 'in or at that place'
their - 'owned by them'
they're - 'they are'
it's bought not brought (i just bought my chicken a suit from that new shop for £6.34)0 -
paying off in full makes financial sense
using the card regularly and paying in full and on time will (slowly) enhance your credit rating0 -
Cheers.
Just got an experian report - very poor
helpful tips
it's spelt d-e-f-i-n-i-t-e-l-y
there - 'in or at that place'
their - 'owned by them'
they're - 'they are'
it's bought not brought (i just bought my chicken a suit from that new shop for £6.34)0 -
Cheers.
Just got an experian report - very poor
I presume that's a credit score that they have sold you?
If it is, and you're disappointed with it, then feel free to send me £20 and I will be happy to send you a credit score of "very good".
Of course, I don't lend money. So my score will be a meaningless waste of time, just like the one you got from Experian.
And, please forgive my incredulity here, if you can afford to pay the CC balance off in full, why on God's Earth wouldn't you do that straight away?Optimists see a glass half full
Pessimists see a glass half empty
Engineers just see a glass twice the size it needed to be
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I've been out of work for 18 months and only just back into employment - I'm looking at paying it off at the minute at around £80 a month (£500 balance) but may try and get it done quickerhelpful tips
it's spelt d-e-f-i-n-i-t-e-l-y
there - 'in or at that place'
their - 'owned by them'
they're - 'they are'
it's bought not brought (i just bought my chicken a suit from that new shop for £6.34)0 -
I presume that's a credit score that they have sold you?
If it is, and you're disappointed with it, then feel free to send me £20 and I will be happy to send you a credit score of "very good".
Of course, I don't lend money. So my score will be a meaningless waste of time, just like the one you got from Experian.
And, please forgive my incredulity here, if you can afford to pay the CC balance off in full, why on God's Earth wouldn't you do that straight away?
But the OP has late/missed payments so you giving them a very good score makes your score of very good completely useless and not a true reflection of his late credit card payments where Experian took his late payments in hence the very poor credit score.0 -
BugsyBrowne wrote: »But the OP has late/missed payments so you giving them a very good score makes your score of very good completely useless and not a true reflection of his late credit card payments where Experian took his late payments in hence the very poor credit score.
Defending experian worthless credit scores bugsy?0 -
BugsyBrowne wrote: »But the OP has late/missed payments so you giving them a very good score makes your score of very good completely useless and not a true reflection of his late credit card payments where Experian took his late payments in hence the very poor credit score.
Point taken Bugsy - I'd probably have to up that charge to £30 then if the OP wants a "very good".Optimists see a glass half full
Pessimists see a glass half empty
Engineers just see a glass twice the size it needed to be0
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