We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Should I get a credit card to improve my credit rating?
JaneBloggs
Posts: 6 Forumite
in Credit cards
My credit rating is fine but it could be better. The only things counting against me is a loan (which I am paying back and am on track to pay back early:D) and the fact that I'm not on the electoral roll (not a UK or EU citizen so unless I change my nationality there's nothing I can do about that one:().
But I'm hoping to get a mortgage with my fianc!e in the next few years so I want my credit rating to be as good as possible. I have never had a credit card as I don't like the idea of spending money that isn't mine, but should I get a credit card to improve my credit rating?
I would only use it for things like grocery shopping where we have a strict budget, or for buying the occasional plane or train ticket online. So if I pay it back in full at the end of every month, would a credit card help my credit rating and would you recommend it? What are people's experiences with this?
Thanks!
But I'm hoping to get a mortgage with my fianc!e in the next few years so I want my credit rating to be as good as possible. I have never had a credit card as I don't like the idea of spending money that isn't mine, but should I get a credit card to improve my credit rating?
I would only use it for things like grocery shopping where we have a strict budget, or for buying the occasional plane or train ticket online. So if I pay it back in full at the end of every month, would a credit card help my credit rating and would you recommend it? What are people's experiences with this?
Thanks!
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.4K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.2K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards