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Credit cards & credit rating

2 replies

Wowarentyoutall · 02/06/2025 21:10

Am I the only person that thinks this is crazy ?
I've got 3 credit cards with a combined credit limit of 43k , I use them occasionally and then pay the balance off monthly till its clear, I have a 100% history of paying on time according to experian and karma but yet as my balance on all 3 cards is zero, my credit rating has gone down, it says I should use between 1% and 25% so if I owed £10k my rating would go up ?

OP posts:
lostinthesunshine · 02/06/2025 22:52

Just reduce the credit limit on them. The poor rating is because you have a lot of unused credit that you could max out any minute.

FloraBotticelli · 02/06/2025 22:54

Your credit rating is an indication of how profitable you are for banks to lend to. That’s all. If you pay it off all the time, they won’t make any money out of you.

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