BAD CREDIT - AVERAGE CREDIT - GOOD CREDIT

[darkman]

He is indirectly

[Heero Yuy]

Jumped on Experian probably the start of December, credit was at poor, decided I needed to sort this out. Paid off my credit cards and just been paying my phonebill on them and paying it off end of the month.

 

I also had a default which I paid off awhile ago but they stay on your credit file for awhile.

 

Checked today, credit score is at 756 - Fair, just need to get a balance raise on my credit cards and that should send me into good. Also the default has now gone from my account  

 

 

[Em Dott]

With my credit card I use it up to about 5 days before statement date then clear the balance in full. No intention of paying any interest and my credit seems to be improving (also have 2 phones I pay for on direct debit every month so I'm sure that helps). Going to find another site to check my credit rating for free around May/June to see how I'm doing since last year.

[Tee]

do mobiles matter tho ??

 

mine dont pop up on Experian

 

only one that did was one that got cut off cos i didnt pay the bill ect so it was just a debt

 

 

my current ones aint there at all

 

/

 

darkman will take you CC advice on bored   

[Em Dott]

Can't remember if it came up or not but I have never missed a payment or had a bank charge and from what I have been told those things don't work in your favour.

[Flex]

 

 

 

 

 

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

 

1. Withdrawing cash from a credit card is pretty stupid and something you should never or rarely do, as it is an alarm bell to any potential lenders and will actually work against your credit file. 2. If using the card for purchases in the same country that it was issued, in this case uk, and paying off the balance there is no transaction fee on any of the major banks' credit cards.

[Barney Stinson]

Can't remember if it came up or not but I have never missed a payment or had a bank charge and from what I have been told those things don't work in your favour.

 

Nah they do, its when youve never had any credit thats the problem,