How long for payments to CC improve your rating/record

Rrushi_Shqiptar

Hi all,

Just a quick question. How long do payments in full begin to give a positive effect to your score/rating.

Experian has dropped my rating/score due to an increased use of unsecured credit, i.e. My Aqua card. I pay the balance off in full each month for the last 5 months (when I opened the account) credit usage shows 53%. I use this account for fuel and small shopping items. I have used it to buy some electrical items and then pay them off in full a few days later (benefit of the CC ins on purchased items)

Thanks

DevilsBakBone

It depends on your starting point.... i went from a credit rating of 500 - 900+ doing exactly the same in 1.5 years.

Rrushi_Shqiptar

DevilsBakBone wrote: »

It depends on your starting point.... i went from a credit rating of 500 - 900+ doing exactly the same in 1.5 years.

Thanks for the info, I was at 893 then I added a correct address details dropped to 852 then 707 now dropped to 652. So i have no idea why when I a doing all they suggest, maybe its just time I suppose

Dobbibill

When you say you've added a correct address, how did you do this?
One of my family members' moved and updated the local council to show on the Electoral register. Despite this being done in January, it did not show up on their Credit Report until today when their new report was ready to be viewed. From this I can only guess it depends on the speed the local council update any records with the CRA's.

Rrushi_Shqiptar

Dobbibill wrote: »

When you say you've added a correct address, how did you do this?
One of my family members' moved and updated the local council to show on the Electoral register. Despite this being done in January, it did not show up on their Credit Report until today when their new report was ready to be viewed. From this I can only guess it depends on the speed the local council update any records with the CRA's.

I understand the Electoral roll stress, I have had that so much. But I actually re submitted dates and addresses to the CRA's and suddenly they woke up and found my correct details, which means you can deal with it quicker.

Hope that helps.