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Credit

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Does anybody know if paying off all debt in full ie credit cards etc will increase your credit score?

Also why does my credit rating fluctuate so much from month to month when my payments remain the same and are paid on time?

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Ignore your credit scores. They have nothing to do with credit worthiness and are not used in lending.

    If you're carrying interest bearing debt, clear it as soon as you can, regardless of any change in your scores.
  • I do wish people would do a quick search of the forum before posting...
  • DCFC79
    DCFC79 Posts: 40,641 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    !!! wrote: »
    I do wish people would do a quick search of the forum before posting...


    Or even see the very first post, the sticky about the score actually means.
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