Credit card to rebuild credit score

wayne617
wayne617 Posts: 10 Forumite
in Credit cards
Is it ok to take out a credit card (with low balance) and pay it off every month to rebuild my credit score, when I already have another credit card with a balance of £1800?
Thanks

Comments

  • Ben8282
    Ben8282 Posts: 4,821 Forumite
    Combo Breaker First Post Newshound!
    Yes although forget the score and concentrate on what information is on your credit files
  • Sncjw
    Sncjw Posts: 3,508 Forumite
    First Anniversary Name Dropper First Post
    Why not pay off the balance of the card you have.
    Mortgage free wannabe 

    Actual mortgage stating amount £75,150

    Overpayment start date 1/3/23.

    Starting balance £66,565.45

    Current balance £63,787.16

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