Improving credit rating

Lex_19uk

Hi everyone,

I am trying to improve my credit rating so we can eventually get a mortgage. I have a next account that I pay the minimum amount on every month. I also have a credit card that i pay the minimum payment on, so my question is should I pay this credit card off and close it or pay it and spend on it and pay it off every month? I have looked at a balance transfer but it says I have a 0% chance of getting any! I have a mobile phone contract too.

Any advice would be greatly appreciated.

Thank you.

[Deleted User]

If you can afford to pay the card and account off, then do so. Making minimum payments if you can afford more is madness.

Then use the card regularly and pay off in full each month.

If you can't pay both off in full, then pay the more expensive one first.