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Help!! What to do

mth1983 · 2021-01-29 10:24:04

Hi all I need some advice regarding credit cards, I have 4 basically all up to the limit, cards and credit limit below Vanquis - 500Cap 1 - 200Ocean - 200118 - 250 I have had a windfall of money and want to clear them all, but I have a bad credit rating so want to start building my credit rating up, so I’m gonna use a card…

Comments

maxximus75 Posts: 616 Forumite

29 January 2021 at 5:49PM

Scrap any that charge you a fee but keep the rest.
Rotate the cards, each month and put a small purchase and try and keep way under your credit limit. Pay off in full, each month (set up a DD on each card to do this) and as mentioned, accept any credit increase.

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