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Credit Card - Paying It Off

BethEP6
BethEP6 Posts: 2 Newbie
in Credit cards
Hi,

I have a credit card and am currently saving for a house deposit and mortgage etc. I know that my credit card counts towards my credit rating and I always pay off more than the minimum every month but I just wondered - if I don't pay off the full balance immediately or soon does that count as a negative against my credit rating??

Thank you in advance!
B

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,383 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 4 October 2016 at 7:44PM
    Carrying a balance can imply a lack of spare funds, on an interest bearing card.

    It could also look as if you have effectively borrowed your deposit, which also isn't good
  • BethEP6
    BethEP6 Posts: 2 Newbie
    Ok thank you, that's clear.
This discussion has been closed.
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