vanquis Card

SnowTiger

Martin_D2 wrote: »

Hi, All

Just had a look at my ClearScore account and it’s showing this message

Upcoming Updates

The credit utilisation rate of your Vanquis credit or store card will change on your September report.

I have been using the card as normal spending about £250 on it a month and paying it back on time this month I have spent a little more about £330 but I have paid about £150 back to bring it down to below 50%

I know this will hurt my credit rating so annoyed at myself

These amounts are tiny.

I doubt a lender would be less likely to lend to you because you had the audacity to spend an extra £80 this month.

Martin_D2

Update November 2019:

Just a little update on my progress been using my credit cards and paying them back on time starting to see a improvement so since January 2019 I have

Had a mixed credit report fixed
Improved Credit Limit from £0 to £5300
Paid all my credit on time

2020 Plans:

S̶e̶t̶ ̶u̶p̶ ̶L̶O̶Q̶B̶O̶X̶ ̶

———————-
Accounts:

Current account now has Overdraft of £250

Very.com credit account £300

Capitalone Card £750
- APR 26.400%

New RBS credit card £3500
- APR Unknown

Vanquis £500
- APR 28.400%

Argos card £250
- APR 29.900%

Making progress long way to go but at least it getting better hopefully better interest rates soon

Big thank you for all the fantastic information and help so far really appreciate it.

[Deleted User]

Don't bother with Loqbox. You already have real credit cards, so you don't need something which is aimed at the very bottom of the market.