BAD CREDIT - AVERAGE CREDIT - GOOD CREDIT

[Fresh]

Yeah badly worded.

 

If I max my shit, it's taking me a year to pay off.

[JLovely]

Like Yoshie said if you're gonna get a CC then clear the balance in full every month.

[Yoshie]

 

Idiot.

Got a CC, max it out every month then pay it off.

 

Why was this negged, that's standard for a CC, pay it off monthly.

 

Why "max it out though"?

 

I didn't neg you btw

 

Got a set limit off 500, spend more than that a month so I'll max it out, then move to the debit card for the remainder.

Get's paid off each month direct debit

[Guest 90210]

whats difference between 'settled' and 'satisfied'

 

thought it meant samething

[darkman]

 

 

Idiot.

Got a CC, max it out every month then pay it off.

 

Why was this negged, that's standard for a CC, pay it off monthly.

 

Why "max it out though"?

 

I didn't neg you btw

 

Got a set limit off 500, spend more than that a month so I'll max it out, then move to the debit card for the remainder.

Get's paid off each month direct debit

 

That's a bit pointless in my opinion

[Yoshie]

How come?
Purely using it to better my credit rating

[Sole]

Pmsl at this thread.

[Kim]

ive jus clocked hw ive been spellin credit

 

wtf

[darkman]

How come?

Purely using it to better my credit rating

 

You build your credit rating by using a proportion of your limit not all of it

[Da Luv Doc]

LOL @ clearing a CC in full each month, so pointless. Get a 0% interest CC and pay it off until the 0% interest runs out. Just make sure you pay more than minimum and it means you pay it off before the 0 interest runs out.

 

LOL @ thinking credit companies will like you if you pay shit like CC completely off each month so they make no money out of you....

[darkman]

Fuckin hell some actual sense from Justin

[Niall Ferguson]

Lol credit

If you ain't got the cash then dont spend it. SStandard

[Tee]

Nuff people do what yoshie is saying to improve there credit file

I think its one of the best ways

Long as you aint dumb and spend what your cant clear come end of the month

im doin it myself as I fucked up my Credit file when I was younger And I see improvements every month or 2

[Guest 90210]

Nuff people do what yoshie is saying to improve there credit file

I think its one of the best ways

Long as you aint dumb and spend what your cant clear come end of the month

im doin it myself as I f*cked up my Credit file when I was younger And I see improvements every month or 2

thats wot i like to hear

 

like i just paid something off and i checked it a week later and it jumped up 200points... was like rar

[darkman]

Nuff people do what yoshie is saying to improve there credit file

I think its one of the best ways

Long as you aint dumb and spend what your cant clear come end of the month

im doin it myself as I f*cked up my Credit file when I was younger And I see improvements every month or 2

 

How the hell is it one of the best ways?

 

Your credit rating is built from using a proportion of your limit, say a quater

 

Yoshie is just giving his credit company money without making much difference to his credit rating

 

The problem is there is many people like him who don't really understand how it works

[Fighting Weight]

You don't need to max out the payments, just make payments on time 

 

Store cards (next etc) are also good for this

[Yoshie]

Nuff people do what yoshie is saying to improve there credit file

I think its one of the best ways

Long as you aint dumb and spend what your cant clear come end of the month

im doin it myself as I f*cked up my Credit file when I was younger And I see improvements every month or 2

 

How the hell is it one of the best ways?

 

Your credit rating is built from using a proportion of your limit, say a quater

 

Yoshie is just giving his credit company money without making much difference to his credit rating

 

The problem is there is many people like him who don't really understand how it works

 

So with a CC, say £500 limit, what would you say I should be spending on it per month for it to benefit my credit rating.

Won't lie, was told that using a CC and paying it monthly would benefit the credit rating so presumed the higher the monthly bill, the better

[Fighting Weight]

 

Nuff people do what yoshie is saying to improve there credit file

I think its one of the best ways

Long as you aint dumb and spend what your cant clear come end of the month

im doin it myself as I f*cked up my Credit file when I was younger And I see improvements every month or 2

 

How the hell is it one of the best ways?

 

Your credit rating is built from using a proportion of your limit, say a quater

 

Yoshie is just giving his credit company money without making much difference to his credit rating

 

The problem is there is many people like him who don't really understand how it works

 

So with a CC, say £500 limit, what would you say I should be spending on it per month for it to benefit my credit rating.

Won't lie, was told that using a CC and paying it monthly would benefit the credit rating so presumed the higher the monthly bill, the better

 

No it's based around you making payments on time

 

doesn't matter what they are

 

a history of missed payments - bad credit - a history of county court judgements - bad credit

 

a history of on time payments - good credit

 

It is basically a way of other companies knowing whether you can be trusted to make payments for whatever you are trying to buy

[dom dom bullets]

Nuff people do what yoshie is saying to improve there credit file

I think its one of the best ways

Long as you aint dumb and spend what your cant clear come end of the month

im doin it myself as I f*cked up my Credit file when I was younger And I see improvements every month or 2

 

How the hell is it one of the best ways?

 

Your credit rating is built from using a proportion of your limit, say a quater

 

Yoshie is just giving his credit company money without making much difference to his credit rating

 

The problem is there is many people like him who don't really understand how it works

 

How is he giving them money when he's paying it off every month?

[darkman]

 

Nuff people do what yoshie is saying to improve there credit file

I think its one of the best ways

Long as you aint dumb and spend what your cant clear come end of the month

im doin it myself as I f*cked up my Credit file when I was younger And I see improvements every month or 2

 

How the hell is it one of the best ways?

 

Your credit rating is built from using a proportion of your limit, say a quater

 

Yoshie is just giving his credit company money without making much difference to his credit rating

 

The problem is there is many people like him who don't really understand how it works

 

So with a CC, say £500 limit, what would you say I should be spending on it per month for it to benefit my credit rating.

Won't lie, was told that using a CC and paying it monthly would benefit the credit rating so presumed the higher the monthly bill, the better

 

Around £150-200

 

How long have you been doing that? Have they not asked if you want to increase you're limit yet? If they do, increase it but still keep the utilisation as low as possible

[Yoshie]

 

 

Nuff people do what yoshie is saying to improve there credit file

I think its one of the best ways

Long as you aint dumb and spend what your cant clear come end of the month

im doin it myself as I f*cked up my Credit file when I was younger And I see improvements every month or 2

 

How the hell is it one of the best ways?

 

Your credit rating is built from using a proportion of your limit, say a quater

 

Yoshie is just giving his credit company money without making much difference to his credit rating

 

The problem is there is many people like him who don't really understand how it works

 

So with a CC, say £500 limit, what would you say I should be spending on it per month for it to benefit my credit rating.

Won't lie, was told that using a CC and paying it monthly would benefit the credit rating so presumed the higher the monthly bill, the better

 

Around £150-200

 

How long have you been doing that? Have they not asked if you want to increase you're limit yet? If they do, increase it but still keep the utilisation as low as possible

 

Around 5 months now, never been asked if I want to increase the limit.

Will start using it for purely petrol that will make it £200.

Will having a higher limit benefit my credit rating even if I continue to spend £200 monthly?

Had a look online just now on Experian, rating is at 778.

[darkman]

 

Nuff people do what yoshie is saying to improve there credit file

I think its one of the best ways

Long as you aint dumb and spend what your cant clear come end of the month

im doin it myself as I f*cked up my Credit file when I was younger And I see improvements every month or 2

 

How the hell is it one of the best ways?

 

Your credit rating is built from using a proportion of your limit, say a quater

 

Yoshie is just giving his credit company money without making much difference to his credit rating

 

The problem is there is many people like him who don't really understand how it works

 

How is he giving them money when he's paying it off every month?

 

They take a percentage from transactios. Also asumming that the 0% interest period is over

 

He is using the card more than he actually needs without doing much benefit for himself

[darkman]

 

 

 

Nuff people do what yoshie is saying to improve there credit file

I think its one of the best ways

Long as you aint dumb and spend what your cant clear come end of the month

im doin it myself as I f*cked up my Credit file when I was younger And I see improvements every month or 2

 

How the hell is it one of the best ways?

 

Your credit rating is built from using a proportion of your limit, say a quater

 

Yoshie is just giving his credit company money without making much difference to his credit rating

 

The problem is there is many people like him who don't really understand how it works

 

So with a CC, say £500 limit, what would you say I should be spending on it per month for it to benefit my credit rating.

Won't lie, was told that using a CC and paying it monthly would benefit the credit rating so presumed the higher the monthly bill, the better

 

Around £150-200

 

How long have you been doing that? Have they not asked if you want to increase you're limit yet? If they do, increase it but still keep the utilisation as low as possible

 

Around 5 months now, never been asked if I want to increase the limit.

Will start using it for purely petrol that will make it £200.

Will having a higher limit benefit my credit rating even if I continue to spend £200 monthly?

Had a look online just now on Experian, rating is at 778.

 

Yes

 

http://uk.creditcards.com/credit-card-news/the-five-basic-components-of-a-credit_score-1380.php

[dom dom bullets]

 

 

Nuff people do what yoshie is saying to improve there credit file

I think its one of the best ways

Long as you aint dumb and spend what your cant clear come end of the month

im doin it myself as I f*cked up my Credit file when I was younger And I see improvements every month or 2

 

How the hell is it one of the best ways?

 

Your credit rating is built from using a proportion of your limit, say a quater

 

Yoshie is just giving his credit company money without making much difference to his credit rating

 

The problem is there is many people like him who don't really understand how it works

 

How is he giving them money when he's paying it off every month?

 

They take a percentage from transactios. Also asumming that the 0% interest period is over

 

He is using the card more than he actually needs without doing much benefit for himself

 

Ok but yoshie isnt giving them money

[Fighting Weight]

 

 

 

Nuff people do what yoshie is saying to improve there credit file

I think its one of the best ways

Long as you aint dumb and spend what your cant clear come end of the month

im doin it myself as I f*cked up my Credit file when I was younger And I see improvements every month or 2

 

How the hell is it one of the best ways?

 

Your credit rating is built from using a proportion of your limit, say a quater

 

Yoshie is just giving his credit company money without making much difference to his credit rating

 

The problem is there is many people like him who don't really understand how it works

 

How is he giving them money when he's paying it off every month?

 

They take a percentage from transactios. Also asumming that the 0% interest period is over

 

He is using the card more than he actually needs without doing much benefit for himself

 

Ok but yoshie isnt giving them money

 

He is giving them money if he is repaying the £500 limit + interest / any other charges there are, many cards charge for either 1. withdrawing or 2. card transactions