how can I improve my credit score helllppp!

freyaluck

last year I had a few probs and a few things didn't get paid on time, ect ect I was passed on to a credit collection service through a mobile contract, which has benn paid off for over a year.
For the last year I have done well and everything has been paid on time and started working last october(just over a year), I have got my credit card down so I pay off my purchases every month and have done for about 7 months now. I have a catalogue debt that I pay £50-150 off every month with only a couple of months until that has been paid in full.
Is there any further way I can improve my score, as I want to open another current account and have had my application refused for the bank I wanted to go with.
Does it just take more time or can I do anything else to speed up the process.
It's really getting me down as I cant improve anything further until I have a better score. thanks in advance
frey

Karma67

Firstly Well Done for cutting you debts so far! :beer:

Unfortunately the debts that have been defaulted will probably be recorded on your credit file and will stay there for 6 years and therefore being 'choosy' with which bank you wish to have a current account with is not really available to you (or me to be honest lol)

BUT another way to improve your credit history is to get a credit card that is aimed at people with poor credit histories ie Capital One Classic card, Barclay's Initial, Accucard.. with a low limit set and a high APR (usuallu 29.9%) use the card wisely and pay it off in full each month...so no interest is charged

Also...you could try a few other banks for a 'Basic' bank account...usually a banking account with facility for direct debits/standing orders a cashpoint card with Electron or Solo facility but NO cheque book or cheque guarantee card....

I went with Abbey had a basic account for 6 mths or so..ran it well... then was offered an upgrade to a full current account with chequebook, a 'multifunction' card (visa and cheque guarantee card) and an overdraft :beer: :j

I believe Halifax do the same, and maybe HSBC im sure others will be along and let you knwo some more info


Hope this info helps