I have had to default on one credit card. I pay some each month but they tell me I wont have it paid in the 5 years and my credit rating will be noted and in trouble. I will have to live with that - I've messed up at this stage in a number of places.
My question is this: I have one other card that I owe a smaller amount on and despite a few late payments recently I was doing ok and keeping abreast of the monthly repayments. Is it possible for me to be careful of that remaining card, pay on time and the right amount and manage to hold on to that card going into the future. Not that I'll ever over-use again but its good to have one available. I'd hate to be totally without a credit card in the future. When this card is up for renewal, will they know I have messed up another card and no longer trust me with their card? Or will I manage to hold onto it if I have a maintain a good record with them?
Does anyone know or have experience with this situation?
My question is this: I have one other card that I owe a smaller amount on and despite a few late payments recently I was doing ok and keeping abreast of the monthly repayments. Is it possible for me to be careful of that remaining card, pay on time and the right amount and manage to hold on to that card going into the future. Not that I'll ever over-use again but its good to have one available. I'd hate to be totally without a credit card in the future. When this card is up for renewal, will they know I have messed up another card and no longer trust me with their card? Or will I manage to hold onto it if I have a maintain a good record with them?
Does anyone know or have experience with this situation?