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Paying off balance before statement and credit history
Bob86
Posts: 1 Newbie
in Credit cards
Hello, firstly I know about credit utilisation (20%) and the benefit of paying off a balance before the statement in terms of this. My question is whether paying off your credit card balance in full before the statement is issued still works positively in building a good credit history? Will the credit reference agencies see that you have used the credit and paid it off in time and therefore give you and better credit rating, or will they just see £0 balance as you have paid it off before the statement and therefore not change your credit rating (for better or for worse)?
Thank you
Thank you
0
Comments
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They may see zero usage. Wait for the statement.0
This discussion has been closed.
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