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  • FIRST POST
    • MHOWARD
    • By MHOWARD 1st Jan 17, 4:54 AM
    • 47Posts
    • 53Thanks
    MHOWARD
    Credit card and rating?
    • #1
    • 1st Jan 17, 4:54 AM
    Credit card and rating? 1st Jan 17 at 4:54 AM
    Hi, I recently got my first ever credit card as never really wanted one before. I actually only got one to build my credit rating as was turned down for a mobile contract. I signed up for Equifax and it's not that I had bad credit I infact had no credit. Never wanted it or needed it really. I eventually got a contract with Vodafone and a credit card with capital one(£200 limit). I got a contract for my son for Christmas and a credit card as it just felt slightly ridiculous as I work and am in no debt but yet I could not get basic credit, especially as I know people who are in debt up to their eyeballs but can get credit. I have spent £196 of my available £200 as I thought the more I paid back the more trust it would generate, but reading on here I think that may have been a mistake? I will definitely always pay off in full but is that a bad idea to go close to the limit?.
    Another reason for wanting a credit card is I buy a lot of stuff online and wanted the extra protection.
    Any advice on building and keeping credit would be greatly appreciated. Thanks.

    Just to add, I now have about ten credit searches as needed that amount just to get basic credit. As I said I'm new at this.
Page 4
    • MHOWARD
    • By MHOWARD 18th Mar 17, 3:09 AM
    • 47 Posts
    • 53 Thanks
    MHOWARD
    Wow - don't spend too much then

    and make sure you pay off in full
    Originally posted by Dobbibill
    Me again mate, sorry to be a pest.
    I decided to get a sim only as the last month i have been topping up more than usual and whereas i never bothered with credit before i thought i may as well. Anyway i went through a credit check with virgin and it went through fine(thanks to you and others for that as four months ago it was a no when i tried to get a contract with them). Anyway since then i have seen a better deal and i could still cancel as within the fourteen days, would this be a bad idea in regards to my credit rating?
    Thanks again
    • Dobbibill
    • By Dobbibill 18th Mar 17, 7:39 AM
    • 2,028 Posts
    • 3,146 Thanks
    Dobbibill
    Before you cancel the existing deal, make sure you can get the better deal.

    If you can get it, then cancel the existing sim - it won't have started reporting to your file yet - the most that will appear this early will be a search which will have little impact now and even less in a few months.

    If you are declined for the other deal then continue with this for the time being and try again in the future.
    • MHOWARD
    • By MHOWARD 18th Mar 17, 12:37 PM
    • 47 Posts
    • 53 Thanks
    MHOWARD
    Before you cancel the existing deal, make sure you can get the better deal.

    If you can get it, then cancel the existing sim - it won't have started reporting to your file yet - the most that will appear this early will be a search which will have little impact now and even less in a few months.

    If you are declined for the other deal then continue with this for the time being and try again in the future.
    Originally posted by Dobbibill
    Thanks for the help again. Make sure when you go on holiday you have internet access, you never know when I might need advice
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