What is an...

Extended Credit Taker

Extended Credit Taker is slang used by card providers for a credit card customer who routinely pays interest on outstanding balances (and is therefore very profitable).

While paying your credit card balance in full every month will ensure that you don’t incur interest, being a profitable customer by paying interest might make you more tempting as a potential customer to other prospective card providers.

How does being an extended credit taker look on my Credit Report?

As long as you keep up with the monthly repayments, your Credit Report will probably benefit from your credit card usage. Lenders like to see ‘active’ credit users rather than those that simply have a credit facility but rarely use it.

You can check the UK’s most detailed Credit Report free for 30 days, then just £14.99 per month, which you can easily cancel at any time. You’ll see data from Equifax, Experian and TransUnion in the same easy-to understand format, enabling you to see what a prospective lender would see, with no gaps.

The UK's First Provider Of Online Credit Reports

Launched 25 Years, 35 Million Credit Scores & 8 Million Credit Reports Ago

The UK's First Provider Of Online Credit Reports

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