How big is your credit?

ceredigion

YorkshireBoy wrote: »

80% utilisation is very good. I wish I was up there with you. My numbers are £113K, £25K, and £51K respectively.

The biggest problem I have finding somewhere to put that isn't already stuffed full of "my " money.

YorkshireBoy

ceredigion wrote: »

The biggest problem I have finding somewhere to put that isn't already stuffed full of "my " money.

Me too, so I put more into S&S/Pension. I was too heavy in cash anyway. (short term) Plans change and all that.

TheShape

I've finally got some respectable numbers to put up now:

Total Credit £38k, Highest Limit £8k, Balance £27k.

Approx £19k fast stoozed during March. Approx a third each to cash, S&S ISA and p2p. Need no more cash savings now so can concentrate on p2p, S&S ISA and pension.

bspm

sourcrates wrote: »

Question to all.

Are most of those cards maxed out ?

Do any of you actually clear those card balances every month ?

Clear ours in full every month.

gingercordial

Total £48k at the moment as I just closed about £30k of cards with finished BT deals.

Biggest is Amex, they keep putting it up and it just went to £25k (I don't spend anything like that amount). That is cleared monthly, as is my Halifax Clarity which is for holiday spending and places that don't take Amex. I don't carry any debt that isn't stoozing.

Current stoozing cards have a total limit of £19k with £14.5k outstanding so 76% utilised.

chelseablue

I have 3 credit cards:


Barclaycard; £5,000 limit, balance is £0 (this is the card I actually use if needed, but pay off in full)


Sainsbury's; £4,500 limit, balance is £1,500 (0%)


Lloyds; £4,500 limit, balance is £3,300 (0%)




I have £10,500 savings. Was sooo tempted earlier to pay off one of the cards today but something keeps stopping me.
Probably the fact it'll take ages to build back up the savings

vacheron

Purchase cards:

• £12,800 Sainsbury's 0% purchase (Used for buying almost everything) Current utilisation <£500 as I've just dumped the balance to the Virgin balance transfer card below.
• £5,000 Halifax Clarity card for overseas spending (Paid in full each month).

Balance Transfer Cards:

• £14,400 Virgin Money 0% Balance Transfer ~13.5K Utilised
• £12,300 Barclaycard 0% Balance Transfer ~ 8.2K Utilised
• £13,900 Tesco 0% Balance Transfer ~ 11.8K Utilised

Whenever the Sainsbury's card gets full I open a new 0% fee balance transfer card and dump the balance on that. If the Halifax Clarity card happens to have an unpaid balance during the 0% transfer period then I'll transfer that too as an extra bonus!

Current utilization is therefore approximately £34K out of £53K of 0% credit, though this should creep back up to closer to £45K out of £53K as the Sainsbury's card fills back up and I start looking for a new BT card again.

norsefox

always_sunny wrote: »

I receive my Credit Score from ClearScore and I have had this 1 (and only) negative point for years: "Your largest credit card limit is low"

How low is low? It is £1200 and I struggle to use every month, I like to pay right away!
How much credit do people have on cards?

Despite all the other positives, all accounts always paid, no overdrafts, always on credit, etc
I only use ClearScore for curiosity really, I can sleep at night very tight despite my low score!

Clearscore seem to mark my mortgage as at its limit with an explanation mark, despite it bring between myself and my wife, having 25% equity and owing only slightly more than our salaries combined.

I have a score of 528, and it's been the same for 14 months (since I setup the account). In that time I've paid off a £4k loan, and paid off £1k on a CC every month.

I only use it to check accuracy of information they hold, but their scoring system is genuinely bemusing. 11 positive indicators, 0 negative. Pointless system if you ask me.

Pixie5740

It's not the size of your credit that counts, it's what you do with it

gr1340

vacheron wrote: »

Purchase cards:

• £12,800 Sainsbury's 0% purchase (Used for buying almost everything) Current utilisation <£500 as I've just dumped the balance to the Virgin balance transfer card below.
• £5,000 Halifax Clarity card for overseas spending (Paid in full each month).

Balance Transfer Cards:

• £14,400 Virgin Money 0% Balance Transfer ~13.5K Utilised
• £12,300 Barclaycard 0% Balance Transfer ~ 8.2K Utilised
• £13,900 Tesco 0% Balance Transfer ~ 11.8K Utilised

Whenever the Sainsbury's card gets full I open a new 0% fee balance transfer card and dump the balance on that. If the Halifax Clarity card happens to have an unpaid balance during the 0% transfer period then I'll transfer that too as an extra bonus!

Current utilization is therefore approximately £34K out of £53K of 0% credit, though this should creep back up to closer to £45K out of £53K as the Sainsbury's card fills back up and I start looking for a new BT card again.

Are you actually paying any of this back?

It reads as if you simply fill a credit card and then transfer the balance.
Your comment "If the Halifax Clarity card happens to have an unpaid balance during the 0% transfer period then I'll transfer that too as an extra bonus!" backs my thinking up.

I don't wish to be judgemental but you seem to be in a very precarious situation.

This is unless you have £60k in savings to pay it all off and are simply stoozing, I haven't read your previous posts so I really don't know.