Credit Ratings and Credit Cards
Posted: Wed Jun 07, 2023 7:02 pm
Back in the day I used to just apply for a 0% Credit card for 24 months to make a large purchase and pay it back over time, now I only seem to be able to qualify for pocket change. Checked my credit score for the first time 800 + so ok I think.
No warnings or defaults ever, only thing that's a possible red flag is that I didn't quite realise I still have 6 active cards and all but one are unused with an available credit of £30K + . I guess the algorithm is wondering why I don't use them plus a couple of hard credit searches for small stuff and more than one of those every six months is bad.
Anybody shed any further light?
No warnings or defaults ever, only thing that's a possible red flag is that I didn't quite realise I still have 6 active cards and all but one are unused with an available credit of £30K + . I guess the algorithm is wondering why I don't use them plus a couple of hard credit searches for small stuff and more than one of those every six months is bad.
Anybody shed any further light?
