CreditCards Blog

This has probably been asked before so appologies if so
I have got my credit report from experian and as you can see from my signature i owe quite a bit on the cards
I am classed as average by experian and one of the reasons is that i owe so much on the cards
I pay extra off all 3 cards (not much - 50 off the beneficial, 25 off the argos, 10 off the tsb) and am wondering whether i would improve my rating over time by paying all the extra off 1 particular card so it would get what is owed down quicker ?
If i payed the extra off the argos it would be paid off and that would be 1 card less but if i paid it off the beneficial (at 33% its taking an age to get down) i would pay less interest
Could anyone give me some advice please
Thx for any replies

Rammy

in terms of your rating as long as you pay at least the minimum on each then it's all the same I believe
I would pay the most to the one with the highest interest rate, and minimum payments to the others, once the highest is paid off move on to the next etc

Thx for the reply
Its going to take an age to pay off the largest one as its nearly 11 grand :eek:
I was thinking that if i got rid of the argos one over the next 12 months and then together with what i will have spare when my 1st loan is paid off (215 a month) then i can start getting the big one down then

Rammy