Please or to access all these features

Add post

Watch this thread

Save thread

Start a new thread

Flip thread

Hide thread

My feed

Active Unanswered threads

Getting started FAQ's

Unanswered threads Acronyms Talk guidelines

Hide shortcut buttons

Talk

Money matters

Find financial and money-saving discussions including debt and pension chat on our Money forum. If you're looking for ways to make your money to go further, sign up to our Moneysaver emails here.

Flip

1 2

Original poster

To payy of half of 4 credit cards or 2 credit cards in full

29 replies

newtothis15 · 19/01/2024 06:10

I have been applying for remortgaging and I've got about four credit cards on 0%. I feel with my defect my credit score because it's called a desert unsecured debt.

I wonder whether to pay off which I can half of 4 credit cards or is it better to pay off and close completely 2 Credit Card?

OP posts:

duckpancakes · 20/01/2024 16:22

Pay off one in full? Spread the rest out.

lolipop1 · 21/11/2024 13:37

This reply has been deleted

This has been deleted by MNHQ for breaking our Talk Guidelines.

Willsnbills · 21/11/2024 13:41

newtothis15 · 19/01/2024 09:59

The cards are 0 per cent so i thought to utilise it ratger yhan from current account

Yeah, I don’t get this logic if you have the money in your current account for something then use it. I will do that before I would get four credit cards hanging over my head 0% interest or not. I agree with the others no one needs four credit cards…hell I don’t even have ONE!

Hoppinggreen · 21/11/2024 13:43

sashh · 19/01/2024 06:34

Pay half of the four, then your credit report will show you as using 50% of your available credit, don't close the accounts.

This is good advice, your credit utilisation % will probably be looked at so 50% is better than just having 2 with 70% if that makes sense.

Flip

1 2