How much to keep

Hi, I have a 'good' credit rating according to Experian but I want to try to improve it. I have a credit card with a limit of 11 grand but only have 600 spent on it. Is this bad for my rating? Should I reduce the limit available? Thanks to anyone who can help :)

Comments

  • Experian_company_representative
    Experian_company_representative Posts: 2,134
    First Anniversary Combo Breaker
    Organisation Representative
    This Q&A should give you a little more guidance on card balances, limits and credit scores.

    James
    Official Company Representative
    I am an official company representative of Experian. MSE has given permission for me to post in response to queries about the company, so that I can help solve issues. You can see my name on the companies with permission to post list. I am not allowed to tout for business at all. If you believe I am please report it to [email protected] This does NOT imply any form of approval of my company or its products by MSE"

    Posts by James Jones, Neil Stone, Stuart Storey & Joe Standen
  • I think the short answer linked above is 'keep £11k, use only £2,500'. I'd love to know how you got it that high though; I imagine a good job, diligence and a property helped.
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