Available Credit Question

bedhair

Good Morning Experts
I have a question that hopefully you experts can help with.
When your debts decrease due to you paying off the balance on credit cards, is it best to:
a) decrease the limit on the cards (reducing the available credit) or
b) leave the limits as they stood (thus leaving lots of available credit?
Which is looked on as favourable by banks?
The reason for asking is that I want to take out a money transfer card (0%) to pay off the overdraft and want to look favourable by credit companies.
Thanks in advance for your advice.

sourcrates

Hi,
Pay your bills on time, don't go over your limits, be on the electoral role, have a stable address history, don't borrow to much in relation to your income.

Don't worry about anything else.

All lenders have there own lending criteria, and you can only guess at what they look for, but I would say it would include most, or all of the above.