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Credit card and building credit
LAM_87
Posts: 2 Newbie
Hi, 
I am currently in the process of rebuilding my credit after destroying it when I was 18 - I'm 27 now and have only just repaid all the debt!
I have a credit card which I am making small purchases on each month - £10-20 max, and then I am clearing it on each statement.
My question is, is this the right way to build credit or am I better making a slightly bigger purchase and paying it off over 2-3 months instead to show I can manage payments reliably?
Many thanks.
I am currently in the process of rebuilding my credit after destroying it when I was 18 - I'm 27 now and have only just repaid all the debt!
I have a credit card which I am making small purchases on each month - £10-20 max, and then I am clearing it on each statement.
My question is, is this the right way to build credit or am I better making a slightly bigger purchase and paying it off over 2-3 months instead to show I can manage payments reliably?
Many thanks.
0
Comments
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There's no need to spend more. Always clear in full each month, once the statement has been produced.0
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Thanks for replying zx81, that's good to hear. I'll continue with clearing it each month then. 0
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