Credit tarting and it's risks?

Jackiekaren

I wonder if Martin has seen this link and what he thought about it?

http://money.aol.co.uk/credit-report-centre/the-dangers-of-being-a-credit/article/20080416100909990001

I've been a "tart" for quite some time now, although I have just paid off most of my cards. But I wondered if my credit rating would now be looking poor instead of favourable as I last thought?

queen_of_leon

i think that's a bit of scaremongering on that site ...just to keep us in debt and not being savvy! lol

anyway, i thought that the footprint was there for only 6 months...not a year. as for the fraud risk...i think the companies are more afraid of you paying off your card within the interest free period than they are of the fraud risk...and for that reason you may be declined for credit.

it's all a plot to try and stop our consumer revenge!! : )

Bismarck

queen_of_leon wrote: »

i think the companies are more afraid of you paying off your card within the interest free period than they are of the fraud risk...and for that reason you may be declined for credit.

it's all a plot to try and stop our consumer revenge!! : )

I'm coming to that conclusion too....the joy of the marketplace!!