How?

boredofthisnow

New to this forum so I do apologize if I am replicating a question.

How on earth are you supposed to build up your credit rating after bankrupcy when nobody will give you a credit card? It is so frustrating! :mad: Even Capital One have turned me down and I thought they gave them to anyone! Have to live by cash all the time as no debit card or cheque book either. Don't get me wrong that is what I needed to do for a while but I am nearly three years down the line now and would like to move on. Any advice?

456789

why no debit card? some banks offer a debit card with their basic bank account and take bankrupts - try barclays cash card account or co-op cashminder - run the card well then maybe they will offer you a credit card to start you off

jonesMUFCforever

Your credit files will be affected for at least 6 years from date of bankruptcy.
If you search the bankruptcy board you will see that some banks are more lenient than others with what they will offer you.

boredofthisnow

Thanks for that. Will maybe consider a Barclays account as there is a branch locally. I like to know that I can actually go in and speak to a person if I need to.

Thanks again :beer:

Cashpig74

there is a "credit card" thats like a top up card. you make deposits into it and spend on it - obvioulsy its the same as a debit card but I DID hear that it can help your credit rating somehow, something to do with paying £4.95 per month for the card makes it like a "loan" of some sort..

i know i sound a bit sketchy so its best googling it and getting the facts, but i hope ive pointed u in the right direction.

Innocent_Guy

Cashpig74 wrote: »

there is a "credit card" thats like a top up card. you make deposits into it and spend on it - obvioulsy its the same as a debit card but I DID hear that it can help your credit rating somehow, something to do with paying £4.95 per month for the card makes it like a "loan" of some sort..

i know i sound a bit sketchy so its best googling it and getting the facts, but i hope ive pointed u in the right direction.

I believe that it is called the "Cashline" card and they give you £50 or so on the card and you repay it back over 12 months so in affect its a loan

Cashpig74

sounds about right innocent - i knew it was something like that. its £4 per month but it helps rebuild you credit credibility.

mind you tho, i aint ever gonna get a loan or a cc again... so i dont give a rats backside what my rating is like..

Innocent_Guy

Cashpig74 wrote: »

sounds about right innocent - i knew it was something like that. its £4 per month but it helps rebuild you credit credibility.

mind you tho, i aint ever gonna get a loan or a cc again... so i dont give a rats backside what my rating is like..

LOL - What nasties you got?

Cashpig74

everything. i lost my job in the summer and have been having battles with the banks ever since. some are in hand, one is taking me to court nect month. but i am not panicing. its just basic protocol.

if it wont kill me, it aint all that bad. but i am seeking to write off as many loans and cards as i can and get back as much money and ppi and broker fees and i can too.

naturally.

Innocent_Guy

Cashpig74 wrote: »

everything. i lost my job in the summer and have been having battles with the banks ever since. some are in hand, one is taking me to court nect month. but i am not panicing. its just basic protocol.

if it wont kill me, it aint all that bad. but i am seeking to write off as many loans and cards as i can and get back as much money and ppi and broker fees and i can too.

naturally.

Well best of luck!

Cashpig74

Ha! dont worry about it!! There are lots of ways to live a great lifestyle with these "problems" i adapt very well and focus on the best thing for me at the time. So long as I have money, somehow, somewhere, I will be fine - there's "official by the book" life - and real life.

If I lost my flats i would not be worried about it - neither of them are worth anything now and they are not assets, they're financial liablilites. Im beter off being rid off them and staring again in 6 years. save some £££ in the meantime and build up some leverage.

i can alwasy skip town and move to Spain.