Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

    • Picard91
    • By Picard91 7th Aug 18, 9:25 AM
    • 32Posts
    • 22Thanks
    What to do once Debt Free..
    • #1
    • 7th Aug 18, 9:25 AM
    What to do once Debt Free.. 7th Aug 18 at 9:25 AM
    So I had two Credit Cards that have both now been paid off.

    Best thing to do? I was just going to close the accounts but people have said to keep them active to show Credit on my score?

    All the offers like 0% Purchase Fees, Currency conversion etc have now expired, so do I try re-negotiate? Close the account, get a new, what Will affect my score and what wont?

    I am wanting to get a mortgage within the next 8 months as well so I want as little impact as possible.. but also the best benefits from a Credit Card... \

    sorry for so many questions but its always great to get advice.
Page 1
    • zx81
    • By zx81 7th Aug 18, 9:28 AM
    • 20,691 Posts
    • 22,124 Thanks
    • #2
    • 7th Aug 18, 9:28 AM
    • #2
    • 7th Aug 18, 9:28 AM
    Your aim should be to build a good credit history.

    The easiest way to do that is to use a card or two regularly and clear in full each month. You don't need 0% deals to do that.

    Ignore your credit score entirely. It's not a reflection of credit worthiness and will upset you as it plummets while you build good history.
    Last edited by zx81; 07-08-2018 at 9:34 AM.
    • Willing2Learn
    • By Willing2Learn 7th Aug 18, 9:31 AM
    • 2,297 Posts
    • 1,816 Thanks
    • #3
    • 7th Aug 18, 9:31 AM
    • #3
    • 7th Aug 18, 9:31 AM
    Just spend freely on both cards. I mean, doing your normal groceries shopping, clothes etc. Just do the stuff you would do ordinarily.
    Stick to your normal budget. Then every time a statement comes, pay off each card in full.

    Edit: Well done on paying those debts down
    Last edited by Willing2Learn; 07-08-2018 at 9:38 AM.
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    • Dobbibill
    • By Dobbibill 7th Aug 18, 10:26 PM
    • 3,560 Posts
    • 4,704 Thanks
    • #4
    • 7th Aug 18, 10:26 PM
    • #4
    • 7th Aug 18, 10:26 PM
    If you pay off in full and on time when each statement is produced there is no requirement as you *won't pay interest.

    Use for groceries or travel costs - this will evidence that you are capable of managing credit responsibly.

    *assuming you only use for purchases which are not processed as cash nor any gambling transaction, foreign currency etc.
    I'm a Board Guide on the Energy, Student Money Saving, UK Armed Forces and
    Local Money Saving - Wales boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to Any views are mine and not the official line of

    It's not about being the best -
    It's about being better than you were yesterday.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,079Posts Today

7,716Users online

Martin's Twitter
  • Today's FRIDAY Twitter Poll: Congratulations! After leading a moderately good life, you have been awarded (when you?

  • RT @WhichUK: ?? ?? @WhirlpoolCorp estimates there could be up to 500,000 unmodified & potentially dangerous tumble dryers still being used?

  • RT @theresa_may: I?m pleased that we are banning all GPs? charges for forms relating to mental health and debt. I?d like to thank @mmhpi fo?

  • Follow Martin