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Three Credit building cards advice needed please


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Hi,

Currently I have three credit building cards Vanquis - £250, Aqua - £100 and Capital One - £200. I applied for these to rebuild my credit. Can anybody advise me should I pay the three off now and close them which I can afford?keep one and pay in full every month?keep three and pay in full every month?I will keep the three if it promotes my credit better than paying off one in full every month. Any advice would be appreciated please. Do these cards repair a poor credit history which I have at the moment?

Thank you

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Ouch, all high interest cards - I would close 2 of them make sure it is the one with the lowest interest rate that you keep and keep on top of the repayments. I would certainly suggest dumping Vanquis as one of them, they do not have a very good reputation on CAG and IMHO they are no better than a revolving Pay Day Loan !!

 

Make absolutely certain that the 2 you close, are definitely closed you don't want lots of credit cards hanging on your credit file.

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Ouch, all high interest cards - I would close 2 of them make sure it is the one with the lowest interest rate that you keep and keep on top of the repayments. I would certainly suggest dumping Vanquis as one of them, they do not have a very good reputation on CAG and IMHO they are no better than a revolving Pay Day Loan !!

 

Make absolutely certain that the 2 you close, are definitely closed you don't want lots of credit cards hanging on your credit file.

 

Yep./.. I agree with that , dump them NOW!. Keep the lowest interest rate card.

What rates are you getting on them?>

 

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Hi,

 

Are the amounts you've given in your 1st post the card limits at the moment and how long have you had the cards.

Any advice I give is honest and in good faith.:)

If in doubt, you should seek the opinion of a Qualified Professional.

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Got any defaults on your car fills?

 

DX

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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