Will additional account improve credit score?

jimmycam

I have one basic Barclays account and I’m trying to repair my credit file.

I believe I will find it easier to budget and manage my finances if I have two accounts, one for spending and one for wages and bills.

I’m thinking of opening a Lloyds basic account for spending money which I’ll transfer into it. I’ll only be offered a basic account.

Will 2 basic accounts harm my credit score? .... or can’t anyone see they are basic accounts - will they appear as normal current accounts? Because I don’t want to do it if it looks like I can only get basic accounts on my file, even though that’s maybe the case at the moment.

Would operating two accounts well improve my rating than just operating my one current account well and within limits etc?

EachPenny

jimmycam wrote: »

I have one basic Barclays account and I’m trying to repair my credit file.

I believe I will find it easier to budget and manage my finances if I have two accounts, one for spending and one for wages and bills.

I’m thinking of opening a Lloyds basic account for spending money which I’ll transfer into it. I’ll only be offered a basic account.

Will 2 basic accounts harm my credit score? .... or can’t anyone see they are basic accounts - will they appear as normal current accounts? Because I don’t want to do it if it looks like I can only get basic accounts on my file, even though that’s maybe the case at the moment.

Would operating two accounts well improve my rating than just operating my one current account well and within limits etc?

Can you clarify your situation for us please.... just so people don't spend a lot of time writing responses to your latest post without knowing the full facts.

jimmycam wrote: »

Was impressed this morning, I was with my partner at a Cambridgeshire marina buying a yacht for £47,000 when barclays text me to say did I make this transaction, text back with Y or N.

Was very impressed with their security measures, i said to my partner “Rita, look at this isn’t this good”.

But tonight will be our first night aboard our new ocean going vessel. If I’m lucky it may even rock for a good 2 minutes.