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Credit Card Help/Credit Rating

hoggysterling · 2019-10-21 15:06:28

Hi all, First post! Hope you're all well. I've had a credit card in the past with Natwest - sadly, I spent around £400-ish, and miss repayments and it went to the collections company. I've now sorted my finances out - and my life :rotfl: I'm in the middle of repaying the collections company - £400 left to go. I want to get…

Comments

MallyGirl Posts: 7,509 Senior Ambassador

24 October 2019 at 1:04PM

hoggysterling wrote: »

Hi all,

thanks for your advice/help.

I will use the credit card and pay it off properly this time.

Just wondering about the APR's, as I didnt really understand. But if I pay the amount of in time and in full, APR doesn't matter too much? Is that the general jist of it ?

If you pay in full and on time then APR doesn't matter AT ALL as you won't be charged any interest - pay late by even a day, or pay 1 penny less than the statemented balance then you will.

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