you signed a contract to make repayments on time, you only have to miss "one" payment to lower your credit rating.

Hmmm? Ok then if it is solely based on your payment history then why am I rated "Fair" when I have only ever missed one payment over 8 mnths ago in the last 3 yrs??

I have a mortgage, loan, credit card & current account?

your credit rating is not affected by the size of your debt,it is how you pay off your debt that counts,ie miss a payment your rating goes down make regular payments your rating remains the same. it only goes up when you clear your debt. so if you have any spare cash "always" pay of your debt.

Hello guys....

You may have seen some of my earlier posts, if not then basically I am on a mission to improve my credit rating!!

My current rating according to Experian is "fair" - 805 points

Now when this score was taken my credit card was showing that I was nearly up to my limit (balance of £6484 with a limit of £6500) since then I have paid off £1500 on it, but obviously need to wait until next month before this shows on my file.

My first question is...when my bank up dates my file at the end of this month with my new Credit Card balance will my score improve? - assuming ofcourse I continue to pay all of my bills ontime?

My second question is I have another £1,000 pounds spare, and I have a loan which only has 9 months remaining @ £120 / month and my credit card still has £5000 remaining on it where will the money be better placed to improve my rating further

Thanks in advance.........