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Credit card mistake
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If you are running a balance and incurring interest then pay it off ASAP.
If you pay off in full every month then only spend between 30 - 40% of your credit limit. This will mean by the time the DD kicks in (approx. 3 weeks after the statement) for the full amount, your balance will be between 60-80% of your credit limit, so keeping you away from the total limit.
"Rolling Credit" which may be frowned upon by lenders if spotted in both credit cards and overdrafts. It shows a dependence on credit for everyday expenses which should be covered by income.
We are discussing this in two different threads. Please refer to my post in the "Best way to rebuild credit score" thread for further information.0
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