ClearScore insights - lower credit use - is this true??!!

cocopop100

born_again said:

cocopop100 said:

Thanks very much for all your comments - I really appreciate it as I'm not very savvy about the mysteries of credit cards! :-)

Ok so I'll ignore ClearScore!

I currently have one 0% credit card with £10K on it and I pay the minimum payment each month (and the 0% runs out in Jan 2024).  Is that paying the balance off?  Sorry I'm just not sure what that means.

Do you think it's this 0% credit card debt which is affecting my attractiveness to lenders? 

Your issue is more likely to be the amount of debt compared to income & normal expenditure.

With interest rates as they are. Lenders are less likely to take on a large debt.

Are you looking for another card that is going to give such a high limit?

Yes exactly that. I was hoping to shift the balance to another 0% card.