Loqbox

[Deleted User]

Bear in mind this will show as an outstanding loan - if you have any outstanding debt, that may do more damage than it recovers.

E.g I have already c. £5k. If I add another £3k of ‘debt’ via this scheme that’s then £8k showing on credit report. Companies may think yes very good the payments have been made... but on the flip side, £8k is a heck of a lot of debt for someone with adverse, so then decline you on that instead (affordability/too much debt to income %)

You could try say £50 a month so it’s only £600 showing as the start balance, and reducing every month, but then there isn’t much ‘positive conduct’ demonstrated from just £600.

I’d personally stick with the cards. High interest account is a good point mind - I managed to keep a lot of mine somehow, so fair point that adverse people won’t usually qualify for the base account to then open the beneficial savings.