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credit cards and credit rating
tavo16
Posts: 1 Newbie
I have 3 credit cards and they are almost full. My credit rating is poor because I have the high usage of my cc. What can I do to improve the credit rating? I can't afford to pay the total balance in one pay and I am in the meddle to apply for a mortgage. My bank said that they can give the mortgage but I am a bit scare that in the end they will say no and I really wan to have my house..
Any advise please. Thanks in advance.
Any advise please. Thanks in advance.
0
Comments
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Ignore your rating. It doesn't exist.
Pay off interest bearing down as fast as you can.
See a broker re the mortgage so you get the best option.0 -
set to pay off your CC debt in reasonable small chunks . BUT never miss a month . Its always best to keep cash on hand for emergencys and when you move into a new property many small costs mount up eg carpets light fittings brooms cleaning equip.
Pay off your cc quickly if you can EASILY afford to do so, otherwise pay off in chunks asap.
Think about income insurance (PPI) if suitable.0
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