Is it worth taking out a credit card to improve credit rating?
Hi,
When I was a naive student I managed to land myself in debt and now i’d like to repair some of the damage of all those missed payments etc. Thankfully the majority of my debt is now paid off but i’m wondering if getting a credit card and clearing the balance every month will make any significant difference to my credit report. I already have a good few direct debits which I pay on time every month such as Sky, Broadband, Mobile, Home Phone etc.
So would it be worth while getting a credit card to help the recovery process?
Thanks.
Tags: credit card, direct debits, mobile home, sky