Build credit

Benjjoo

Hi I'm trying to improve my credit even more over the next few years to get a mortgage I've got one bad factor a ccj for a phone contract that's currently being paid off.

I've just got a capital one credit card and am I right in thinking if I use it to pay off 2 bills , virgin tv , virgin phone contract and then pay it straight off the card it would improve my credit?
My bills are due after I'm paid and I get a decent wage for mmy work so I've not got any financial worries would that work theoretically?
Cheers:money:

cjv

That will help you improve your credit history, yes.

Wait until you receive your statement and then pay it off before you incur any interest. Paying by Direct Debit is a good idea, but be sure to make a manual payment until you can confirm that it has been set up.

Thrugelmir

The quicker you pay off the CCJ the better. As it's that which is going to restrict your options in obtaining a mortgage. The manner in which you handle your personal financial affairs is more important than achieving a higher points score according to the CRA's.