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Is it worth keeping interest free credit to maintain my credit score?
burningbrass
Posts: 1 Newbie
I will shortly be in a position to pay off a loan and some credit card balances.
Is it worth me continuing to pay monthly a couple of interest free loans I have, in order to maintain my credit rating?
Is it worth me continuing to pay monthly a couple of interest free loans I have, in order to maintain my credit rating?
0
Comments
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No. Pay them off. Your score will plummet, but lenders will view you more positively.
You could argue that it's worth keeping them going to earn some small interest in the bank, but I wouldn't bother.
Maintain credit history through regular use of you cards, clearing in full.1
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