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Making a start of rebuilding my credit rating!
Rscott93
Posts: 51 Forumite
After being discharged from bankruptcy and having (almost) completely cleared up my credit file, I today received my Vanquis credit card in the post.
This is the first step I am taking to rebuild my credit file, in hope that in 5 years time I will be able to get a mortgage at a reasonably low interest
.
My limit is £250, I am wondering, would it make any difference credit wise if I spend say £100 each month on this card and ring up a few days later to pay it off, instead of waiting for my direct debit to pay in full?
I also have a mobile phone contract with EE for £20pm which I hope is slowly making a difference. Thanks.
This is the first step I am taking to rebuild my credit file, in hope that in 5 years time I will be able to get a mortgage at a reasonably low interest
.My limit is £250, I am wondering, would it make any difference credit wise if I spend say £100 each month on this card and ring up a few days later to pay it off, instead of waiting for my direct debit to pay in full?
I also have a mobile phone contract with EE for £20pm which I hope is slowly making a difference. Thanks.
0
Comments
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Always wait for the statement, then clear in full.0
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As ZX81 says. If you pay off before the statement date then it doesn't look as though you are using the card.0
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Great. Thanks folks.0
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