Should my gf get a credit card? (mortgage application)

damanpunk

At present I have a joint mortgage with my mum but next year it will be getting changed into mine/my gf's name. I have credit cards that I spend on occasionally but always pay off, never had any missed payments etc so my credit file should be ok.

It just occured to me though that my gf doesn't have one, i think the only DD she has is a contract mobile. Would it make sense for her to get a CC and pay it off monthly to try and build up a credit file?

Sammy_Girl

damanpunk wrote: »

At present I have a joint mortgage with my mum but next year it will be getting changed into mine/my gf's name. I have credit cards that I spend on occasionally but always pay off, never had any missed payments etc so my credit file should be ok.

It just occured to me though that my gf doesn't have one, i think the only DD she has is a contract mobile. Would it make sense for her to get a CC and pay it off monthly to try and build up a credit file?

Hi Daman,

That would be a great idea. Unfortunately people with little or no credit history can be seen just as badly with people with poor credit history. If she can get a card now and use it wisely paying off each month, then 6-12 months down the line it should boost her rating. The best cards for someone in her situation is Cap 1, Aqua or Vanquis. But these all have horrendous APRs so she must make sure she pays off in full each month to avoid any interest charges!

Hop over to the Credit Card board, in particular the Sub-Prime Credit Card thread as there is some very useful info there.

Good luck