My circumstances before had me using credit cards for purchases that I struggled to pay off for around 4 years . I ran a credit report with Experian in May 2012 and it showed my score as fair with one of the negative points that I was not on the electoral roll. Around July I got my parents to pay off the £2500 balance and got myself on the electoral roll. I also closed my credit card.
Today I am a lot wiser with debt and thinking towards improving my score for the long run goal of getting a mortgage and also potentially a car later this year on finance.
My question is if it is worth getting a new credit card to pay for my usual monthly outgoings and then always paying it off at the end of the month as a means to increase my score? Is the score calculated on the amount of money I can pay off every month or is it any amount?
Thanks in advance!
Today I am a lot wiser with debt and thinking towards improving my score for the long run goal of getting a mortgage and also potentially a car later this year on finance.
My question is if it is worth getting a new credit card to pay for my usual monthly outgoings and then always paying it off at the end of the month as a means to increase my score? Is the score calculated on the amount of money I can pay off every month or is it any amount?
Thanks in advance!