Credit insurance
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Rycroft Associates

Trading Experience

- each insurer differs as to what is acceptable experience - however, an account that has only a small volume of payments is not going to "justify" any significant credit limit - e.g. a payment of £200 will not justify anything above £300 let alone £1,000. The main issue with trading experience is monitoring the account - once a payment reaches 12 months old (and less with some policies) it is deemed too old to be able to be used as "Experience". It's not the regular accounts that catch you out it's those that just turn up maybe once or twice a year and don't, on reflection, actually hold/attain any history of substance.

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