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Impact of using and paying off a card regularly
datlex
Posts: 2,252 Forumite
in Credit cards
Hi
I have 2 credit cards I use 1 for rent and council tax and pay these off. Basically for the cash back. I have another I use for larger items and also pay off. When I checked my credit report, it came up as negative that my installments for credit had not reduced in last year (I also have a fixed term loan so normally wouldn't expect that to reduce)
Can any one advise whether credit card companies or other people looking to issue you credit look negatively if you choose to pay via credit card instead of debit card, even if you pay the balance off in full and incurr no interest?
Thanks
I have 2 credit cards I use 1 for rent and council tax and pay these off. Basically for the cash back. I have another I use for larger items and also pay off. When I checked my credit report, it came up as negative that my installments for credit had not reduced in last year (I also have a fixed term loan so normally wouldn't expect that to reduce)
Can any one advise whether credit card companies or other people looking to issue you credit look negatively if you choose to pay via credit card instead of debit card, even if you pay the balance off in full and incurr no interest?
Thanks
Paid off the last of my unsecured debts in 2016. Then saved up and bought a property. Current aim is to pay off my mortgage as early as possible. Currently over paying every month. Mortgage due to be paid off in 2036 hoping to get it paid off much earlier. Set up my own bespoke spreadsheet to manage my money.
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