ash_corsa
Member
Registered: 15th Apr 04
Location: Shrewsbury
User status: Offline
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Just paid off my credit card, £1500, should i keep it open with 0.00 balance or just close it alltogether?
does eitherway affect credit scoring?
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Ian W
Member
Registered: 8th Nov 03
Location: Wirral, Merseyside
User status: Offline
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Paying mine off the end of the month, always a good feeling 
I normally close mine and have a break from temptation 
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Pete_vxl
Member
Registered: 24th Nov 06
Location: Lochgelly, Fife
User status: Offline
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just cut the card
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Eck
Premium Member
Registered: 17th Apr 06
Location: Lundin Links, Fife
User status: Offline
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quote:
Originally posted by ash_corsa
Just paid off my credit card, £1500, should i keep it open with 0.00 balance or just close it alltogether?
does eitherway affect credit scoring?
Neither way does. If you have strong will power, use it once a month for say...£20 petrol, then pay the bill straight away. Do that each month and you'll get real good credit 
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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Keep it but use it like a debit card - I never spend more on it that I either have in the bank, or have coming in shortly...........shouldn't be a problem.
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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Just keep it 
If it's that bad, don't use it
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Fee
Member
Registered: 16th Nov 05
Location: With AK
User status: Offline
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Showing you make regular payments gives you better credit rating
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a_j_mair
Member
Registered: 23rd Jan 04
Location: Scotland
User status: Offline
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keep it, might need it in an emergency and credit cards etc are harder to get these days
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baz2003uk
Member
Registered: 6th Sep 03
Location: Wiltshire
User status: Offline
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quote:
Originally posted by Eck
quote:
Originally posted by ash_corsa
Just paid off my credit card, £1500, should i keep it open with 0.00 balance or just close it alltogether?
does eitherway affect credit scoring?
Neither way does. If you have strong will power, use it once a month for say...£20 petrol, then pay the bill straight away. Do that each month and you'll get real good credit
done this myself with TSB and started at £1500 and now have a limit of £11,250
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ash_corsa
Member
Registered: 15th Apr 04
Location: Shrewsbury
User status: Offline
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Yeh i thought about just keeping it for emergencies etc...
The £20 thing a month would be a good idea, just use it and pay it straight back off. Cheers
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Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
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CLOSE IT
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Sam
Moderator
Premium Member
Registered: 24th Dec 99
Location: West Midlands
User status: Offline
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quote:
Originally posted by Robbo
Give me the card, I promise I'll look after it for you...
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myke
Member
Registered: 7th Feb 01
Location: High Wycombe, Buckinghamshire
User status: Offline
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Keep it for distance ordering of things as you're then covered by the ccard insurance.
Like XL going bust. People that booked holidays on cc will get it back. those that paid by debit will get fuck all.
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Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
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quote:
Originally posted by Sam
quote:
Originally posted by Robbo
Give me the card, I promise I'll look after it for you...
FLOL!
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James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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quote:
Originally posted by Robbo
CLOSE IT
Why? As long as he has willpower then he should keep it IMO.
Use it for small purchases and as Myke said if you are ever buying stuff from a company that might seem a bit dodgy, you are covered to a certain extent.
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Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
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No-one has willpower where a credit card comes into the equation
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James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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I do 
I have a £6.5k limit and currently have a balance of £40
[Edited on 19-09-2008 by James]
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baz2003uk
Member
Registered: 6th Sep 03
Location: Wiltshire
User status: Offline
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quote:
Originally posted by James
I do
I have a £6.5k limit and currently have a balance of £40 <<<< LEFT TO SPEND
[Edited on 19-09-2008 by James]
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James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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£6460 left to spend actually 
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Sam
Moderator
Premium Member
Registered: 24th Dec 99
Location: West Midlands
User status: Offline
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Yes, I once purchased a car on my credit card.
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Bonney
Member
Registered: 14th Nov 04
Location: St Helens
User status: Offline
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Been tempted to get one myself, just for emergencies, but i know i would get myself into serious debt with it
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mattk
Member
Registered: 27th Feb 06
Location: St. Helens
User status: Offline
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Fuck that,
Im never having a Credit Card, their scary
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VegasPhil
Premium Member
Registered: 16th Jan 05
Location: Fareham, Hants Drives: Octavia VRS
User status: Offline
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credit cards are awesome. 
Need to find another deal now though.... hsbc one runs out of 0% in oct...
Corsa 2.0 16v Vegas - Sold
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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quote:
Originally posted by Robbo
No-one has willpower where a credit card comes into the equation
I do
If you don't spend more than you earn - how can you loose control?
.......I don't get how some people are so careless they spend thousands and thousands and happy to pay 30% interest on it all then complain their bank has hit them for unfair charges when they go overdrawn on their current account
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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just took out a natwest credit card to boost my credit rating even more.
they are good as long as you aren't silly. it's not rocket science
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