Hi, I’ll get straight into it! I’m 22 years old, living with parents in the UK. My credit score is 265/700 according to Clearscore (down 1 point I. The last month and made a sudden drop down from 468 in January) I missed a credit card payment by a couple of days in which contributed to this, though I didn’t realise it could effect it so much.
I have just finished paying off two loans. (£1500 over 12months ending in February and £1700 over 24 months that I paid off yesterday) I have an overdraft of £600 that I am usually using fully each month and a credit card of £500 that is almost maxed out, but I have now stopped using.
I have about £600 that I can use to contribute towards my debts but am wondering whether I am better off getting rid of my overdraft or my credit card, or splitting it between the two? Both cost me roughly the same amount per month. I am just looking to improve my credit score as I am hoping to move out of my parents house soon. Any other tips would also be greatly appreciated!
Submitted April 02, 2019 at 12:29AM by DisguisedBee https://ift.tt/2TUgtWE
