Credit car spend of credit limit how much?
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eurobabe
Posts: 43 Forumite
Ive heard that keeping my spend low looks better on my credit history report, so it doents look like Im struggling maxing out my card. Is there a minimum amount I need to spend each month and do having more payemnts look better than just one?
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Comments
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Ignore all that advice.
If you're clearing in full, spend whatever you need.
If you're not, cut your costs and get your debt down.2 -
As above, as long as you're clearing the statement in full every month, then what percentage of available credit you're using is immaterial. It's different if you're carrying an interest-bearing balance from one month to the next.I'm guessing you saw that "advice" on one of your CRA reports? If so, ignore it - whilst they do have their uses, the CRAs do like to spread misleading information (usually in the hope of getting a nice little bung from a card provider if you take out one of their products on the CRA's recommendation).1
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