How can my boyfriend get a credit rating?

littlepinkstars44

How can my boyfriend get a credit rating? He has no credit history, and no job at the moment.

I have tried applying for store cards, credit cards and catalogue accounts for him online, with no luck.

He has also tried to get a contract phone, also with no luck.

Any ideas?

OliveOyl_2

Is he on the electoral roll? That's a big thing in being a recognised person

My DS1 bought a lap-top on interest free credit days after his 18th birthday, that (unfortunately for him) got him started on the credit habit. However we guaranteed it, and he has had no trouble getting credit ever since (he's 22) fortunately his gf curbs his excesses :rotfl:

Oh and lots of applications in a short space of time will set off alarm bells with lenders. If you can possibly wait a while until your recent activities have faded (3 months I believe) you'll improve his chances

on the other hand, he has no job, is credit a good idea???

littlepinkstars44

OliveOyl wrote: »

Is he on the electoral roll? That's a big thing in being a recognised person

My DS1 bought a lap-top on interest free credit days after his 18th birthday, that (unfortunately for him) got him started on the credit habit. However we guaranteed it, and he has had no trouble getting credit ever since (he's 22) fortunately his gf curbs his excesses :rotfl:

Oh and lots of applications in a short space of time will set off alarm bells with lenders. If you can possibly wait a while until your recent activities have faded (3 months I believe) you'll improve his chances

on the other hand, he has no job, is credit a good idea???

thanks, what does DS1 mean?
He is on the electoral roll, as he has lived there all his life, and he is 23.

We are just trying to get him some credit history, as we are hoping to move in together next year, and my credit rating is really bad!

OliveOyl_2

Sorry, that's shorthand on here -it means DearSonNo1 (I have a DS2 and a DD)

Can you manage without credit for a while? Esp if he has no job, otherwise I'd refer you to Walshy's thread further down the page titled "nO CREDIT RECORD" as he too seems to be trying to build his credit rating. (You're not his partner are you?????)

littlepinkstars44

OliveOyl wrote: »

Sorry, that's shorthand on here -it means DearSonNo1 (I have a DS2 and a DD)

Can you manage without credit for a while? Esp if he has no job, otherwise I'd refer you to Walshy's thread further down the page titled "nO CREDIT RECORD" as he too seems to be trying to build his credit rating. (You're not his partner are you?????)

Lol, no i'm not!
I don't buy anything on credit - am paying it off (see my debt diary and SOA posts)
He isn't going to use any of the cards that much, and if he does his dad will pay it off for him everymonth anyway.
It's just so that he has a bit of a credit history, instead of nothing at all!

Burlesque_Babe

if you've made any more than 3 applications recently, you'll need to wait 6 months as the number of searches counts against you.

Not having a job will limit his credit success - particularly for any credit cards.

littlepinkstars44

Burlesque_Babe wrote: »

if you've made any more than 3 applications recently, you'll need to wait 6 months as the number of searches counts against you.

Not having a job will limit his credit success - particularly for any credit cards.

Yeah but i never said on the forms that he doesn't have a job, i said he worked full time.

IWantToBeFree_2

I would recommend that you stop apply for credit on his behalf as you will be damaging what little 'rating' he has. Every application will leave a foot print on his file which will stay there for 12 months and if you have lots within a short space of time, lenders are less likely to give you credit as it makes you look desperate... A couple every 3 months or so is deemed acceptable.

The fact that he has no job is probably the reason why the applications are being declined, would you lend to someone who has no regular income?

Lenders such as Vanquis and Aqua provide cards for people with poor credit history, but they also have huge APRs but can be good credit builders as long as they are paid off every month.

When you say you are hoping to move in together, do you mean renting or buying?

IWantToBeFree_2

littlepinkstars44 wrote: »

Yeah but i never said on the forms that he doesn't have a job, i said he worked full time.

Sounds clever.....

fairydiamond

littlepinkstars44 wrote: »

Yeah but i never said on the forms that he doesn't have a job, i said he worked full time.

Lying on credit applications is never a good idea...

littlepinkstars44

IWantToBeFree wrote: »

I would recommend that you stop apply for credit on his behalf as you will be damaging what little 'rating' he has. Every application will leave a foot print on his file which will stay there for 12 months and if you have lots within a short space of time, lenders are less likely to give you credit as it makes you look desperate... A couple every 3 months or so is deemed acceptable.

The fact that he has no job is probably the reason why the applications are being declined, would you lend to someone who has no regular income?

Lenders such as Vanquis and Aqua provide cards for people with poor credit history, but they also have huge APRs but can be good credit builders as long as they are paid off every month.

When you say you are hoping to move in together, do you mean renting or buying?

omg renting. Can't afford to buy a house i only make £300 a month wages!