Bad Credit

[tinkerbell23]

How does one start to rebuild credit?

I really dont have good credit sadly.

Many mistakes when i was younger, redundancy, went to uni...

How do i rebuild?

I am on voters roll.

I did try for a rebuild credit card and was refused- i only tried once.

Silly mistakes please dont judge. X

[ummmm]

Have you got a phone on contract?

[tinkerbell23]

No umm ive had the same contract for years & years but in my parents name x

[SlackAlice]

Do you have a bank account and is it well maintained? If you have, see if you can apply for their credit card with a low limit. Use the card and pay off the debt fully every month.

Get a mobile sim on contract and pay by D/Debit. Doesn't have to be a big contract.

Takes time to build up a good credit record which is easily destroyed by financial problems, whatever they are.

[anneasquith]

hi. in Scotland I know there are credit advisory services run by the government. seen them in different towns. yellow pages. ?

[ummmm]

Have you paid off your debts?

My son was told to try and get a mobile in his own name.

I've never checked my credit file. What things appear on it? Would something like car insurance be on it?

[Jackdaw33]

There are a few firms which do cards for people with poor credit history. The ones I have seen advertised are Vanquis, Luma and Aqua. The credit limit is quite small, usually ranging from £200 - £1500.

[bednobs]

only if you pay monthly.

[tinkerbell23]

Ive never checked it either (head in the sand)

Honestly no i havent paid things all off!!

I am in scotland. I do have a bank acc in my own name a simple one!!

I share a car so i am named on insurance. Its an older car so theres no finance.

I do have home insurance/pet insurance/ x

[bednobs]

the only way to repar credit is to start by paying off hte debts

[ummmm]

The things you haven't paid off will still be on your file.

Does your bank account do DDs?

[tinkerbell23]

Slack alice good idea if i even got a mobile sim for my ipad which isnt mobile just now.

Should i apply for another credit card- i planned on say buying my food shop with it and paying it straight off?

I also just got a "catalog" i ran debts up when i was younger too with those but this has a teeny limit and again i dont plan on buying on credit.

Ive often thought about trust deeds or bankruptcy? I dont think my total debts are anywhere near £10k i havent really thought on it
.

Its embarrasing but i want to try to fix things x

[tinkerbell23]

Yeah umm i pay a number of DDs from insurance council tax, TV, gym x

[Jackdaw33]

No harm in trying this link:

http://www.aquacard.co.uk/

[tinkerbell23]

Should i apply for my credit rating x

[ummmm]

It's going to be hard, Tinks. My OH was refused a credit card because he'd missed one phone payment. It wasn't because he couldn't or wouldn't pay, he was disputing it and cancelled the contract.

He has 4 healthy accounts with the bank that refused him. The computer said no.

[ummmm]

Yes, Tinks. Apply for you credit file. You'll know where to start then x

[tinkerbell23]

I know it is going to be so hard!

I wish id faced up to it a long time ago because it would have been sorted by
Now!!!!!! Young & dumb. I regret it so so much!!

X

[SlackAlice]

With 'unpaid' debts would suggest a copy of your credit file and see who you can pay and get the debt listed as settled on your file.

I meant change your existing mobile contract not take on another debt.

Your bank will be aware how well you maintain your bank account and may well be more likely to offer you a small credit card. Weekly shop settled each month sounds good. I use mine to buy my fuel and settle monthly.

[ummmm]

I do think at times that credit is too easily given to youngsters. It's like giving a kid some sweets and telling them not to eat them.

I'm rubbish with money. My OH controls all the finances.

[Jackdaw33]

I remember in the 70s when Access was launched they were sending them out to students even though they had not applied for them.