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Debt Free - do I need to maintain my credit score
Gromit78
Posts: 7 Forumite
I'm happy to say I am now debt free. I don't intend to take out any loans soon, but I wonder should that situation arise in the future and I haven't had any credit for a few years - will that affect my credit rating and potentially preclude me from obtaining credit?
i.e. would it be wise to keep a credit card active and use it occasionally, paying off immediately in order to maintain a good credit record?
i.e. would it be wise to keep a credit card active and use it occasionally, paying off immediately in order to maintain a good credit record?
0
Comments
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Yes. Though wait for the statement, then pay off in full.0
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I'm happy to say I am now debt free. I don't intend to take out any loans soon, but I wonder should that situation arise in the future and I haven't had any credit for a few years - will that affect my credit rating and potentially preclude me from obtaining credit?
i.e. would it be wise to keep a credit card active and use it occasionally, paying off immediately in order to maintain a good credit record?
Yes do as ZX81 says, its the history your improving not the score.0
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