How likely am i to get a pc on credit from overclockers. My credit score is...

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Taking out more credit aside, using less than 25% of your credit limit will give you an increase in your credit score(s). You are currently using 38%.

Yes the scores are mostly meaningless as every finance/credit company have their own criteria, but it will stand you in good stead to reduce your credit utilisation.
 
Noxia said:
Whilst there is some genuinely good advice here. Some of you really can't help posturing in any thread to do with credit.
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Yes and I will keep warning people about buying debt.

Even the term "credit" is deliberately used to make it sound nice and fluffy, as though you are "in credit". The reality is the person is purchasing debt, for something which will devalue quickly, and for an overall price often much higher than the cash price.

There are good reasons to go into debt (buying a house, using the money for investments, etc). But buying a toy with debt is a fools errand.
 
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Save!

Will be worth 1200 by the time you actually own it, and for that 2k you could've bought something that's twice (ish) as good for the same money...

You know how I know? i bought a prebuilt a few months before the nvidia 4xxx/intel 13th gen came out. After launch said prebuilt dropped in price by 1k. Cue sad face.
 
Re likely hood of getting credit, I suspect no one here can really say because every provider has their own criteria so you might get turned down for a small amount from one place, then get approved for a much larger amount from another.
bazzastan said:
wow tough crowd
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I suspect a lot of the people here have probably learned the hard way, or seen friends or family learn the hard way about credit :)

Personally whilst I use my credit cards a lot, they're always paid off in full (I use them for anything online), as I have seen so many people get into trouble when "manageable" debt became unmanageable when they lost their job, or even just stopped getting the overtime they were used to.
What really opened my eyes was a friend's parents who both had good jobs, but liked to "live it up" losing their house when they retired as they'd remortgaged it repeatedly without putting enough to one side to finish paying it off.
 
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bazzastan said:
wow tough crowd
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I think the difference here is the distinction between credit and debt.

Credit is something you can pay off - a financial tool
Debt is something you carry - a burden

For me, credit is something that I am not servicing, i am not "paying for". Essentially, either 0% interest for the duration, like getting an iPhone from Apple on their finance on 0% and split the repayment in equal 24months chunks instead of giving them all that in 1 go.

Debt is something I have to, not only pay back monthly, but pay an additional amount for the privilege in doing so. The only debt one really should have or rather, cannot avoid is a mortgage and perhaps a car loan. Large and necessary evils. I already explained previously that taking on debt for luxury goods is silly.

The way OP has worded his question implies that he is either young or don't really have the earning power to service that debt in the short term and settle it. £1700 balance on a £2500 card is big, and he should be aiming to reduce that and pay that off ASAP rather than taking on additional debt.

I too went a bit nuts during uni and went through a couple of years where i was paying like £200 or so into a £2,000 credit card balance. It took ages to pay it off with the interest and my dad actually helped me. I have learn the hard way and actually had similar train of thought as the OP once upon a time. It is not the way to spend money, this way is how the system wins. You'd think you are getting a good deal, but in fact it is the opposite, it is the system that is getting the better deal out of the person taking on that debt.
 
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Raymond Lin said:
I think the difference here is the distinction between credit and debt.

Credit is something you can pay off - a financial tool
Debt is something you carry - a burden

For me, credit is something that I am not servicing, i am not "paying for". Essentially, either 0% interest for the duration, like getting an iPhone from Apple on their finance on 0% and split the repayment in equal 24months chunks instead of giving them all that in 1 go.

Debt is something I have to, only pay back monthly, but pay an additional amount for the privilege in doing so. The only debt one really should have or rather, cannot avoid is a mortgage and perhaps a car loan. Large and necessary evils. I already explained previously that taking on debt for luxury goods is silly.

The way OP has worded his question implies that he is either young or don't really have the earning power to service that debt in the short term and settle it. £1700 balance on a £2500 card is big, and he should be aiming to reduce that and pay that off ASAP rather than taking on additional debt.

I too went a bit nuts during uni and went through a couple of years where i was paying like £200 or so into a £2,000 credit card balance. It took ages to pay it off with the interest and my dad actually helped me. I have learn the hard way and actually had similar train of thought as the OP once upon a time. It is not the way to spend money, this way is how the system wins. You'd think you are getting a good deal, but in fact it is the opposite, it is the system that is getting the better deal out of the person taking on that debt.
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I think most of us have gone a bit silly at one point or another in our lives when it comes to credit and debt - it’s part of growing up. Like the previous generation, the older folks will try and point the younger ones in the right direction and teach the lessons the learnt the hard way, but it will fall on deaf ears and the lessons will continue to be taught that way…

For me, it was cars - getting new ones before paying off the old one, writing one off and having to replace it without going through the insurance etc… The advantage I had was that being military, I had free food and accommodation so I never had to worry about paying for those things while paying for my debt. I don’t know what I would have been like if I hadn’t been that lucky…
 
Raymond Lin said:
I think the difference here is the distinction between credit and debt.

Credit is something you can pay off - a financial tool
Debt is something you carry - a burden

For me, credit is something that I am not servicing, i am not "paying for". Essentially, either 0% interest for the duration, like getting an iPhone from Apple on their finance on 0% and split the repayment in equal 24months chunks instead of giving them all that in 1 go.

Debt is something I have to, not only pay back monthly, but pay an additional amount for the privilege in doing so. The only debt one really should have or rather, cannot avoid is a mortgage and perhaps a car loan. Large and necessary evils. I already explained previously that taking on debt for luxury goods is silly.

The way OP has worded his question implies that he is either young or don't really have the earning power to service that debt in the short term and settle it. £1700 balance on a £2500 card is big, and he should be aiming to reduce that and pay that off ASAP rather than taking on additional debt.

I too went a bit nuts during uni and went through a couple of years where i was paying like £200 or so into a £2,000 credit card balance. It took ages to pay it off with the interest and my dad actually helped me. I have learn the hard way and actually had similar train of thought as the OP once upon a time. It is not the way to spend money, this way is how the system wins. You'd think you are getting a good deal, but in fact it is the opposite, it is the system that is getting the better deal out of the person taking on that debt.
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This is also how I see it.


My credit cards are credit, my mortgage is a debt. Well, kind of.
I see it more as I own 20 pc of my house.
 
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