What things to boost credit file

neverindebtagain

When I have been discharged what things should I do to boost my credit file, I do not want a credit card as I have seen suggested in the past. If I was to get a phone contract would that help, if so who would I have chance of geting one with. What other things will help boost it.
My hsuband still has van finance and caravan finance which he was allowed to keep going while br so that will be helping him.

Bethankim

I think the first thing you do is make sure you clean up your credit file, there is a sticky at the top about it.

if you have a coop account i believe that shows up

i think its T mobile that people have got one of the rolling month by month contracts - sure someone will correct me if im wrong

errr im not sure on the rest, i havent got that far yet

neverindebtagain

Thank you, thats interesting about the co-op account.

neverindebtagain

The mortage we have now is huge, from years of remortgaging, we want to sell the house when the prices rise and take our house from negative equity, we then want to get a mortgage that is half of what it is now. Our mortgage is going down in october quite a lot but when the bank rate rises so will our mortgage so we need to make sure that we have done all we can to get a new one and with a decent lender and not a sub prime lender like we are now. We are not rebuilding to enable us to have loans, credit cards, catalogues etc. It is to reduce our outgoings.

MicheH

blind-as-a-bat wrote: »

Sort of iroinic you need to use some form of credit to increase your credit rating, even though you dont want any form of credit ever again.

I see this question posted so many times, and after two years i still dont get it

I agree, I also read that to stand yourself in good sted for a mortgage when the time comes you should show that you're no longer interested in having credit and have 'learned your lesson' so to speak.

I'm all very confused as to what to do. But there again I'm not bothered whether I have an 'attractive' (attractive to who - the money makers? ) credit rating because I don't want any more credit! But I will want a mortgage (yes, I know that's credit too)

alastairq

It amazes me how much of our daily lives seems to be governed by a credit rating?

telephones, internet, leccy, rent,everyhting seems to be checked against a credit rating...which is daft really as a credit rating is no guarentee of ability to pay.

Maybe there is an ulterior motive?

maybe these businesses actually are looking to exploit us in other ways?

neverindebtagain

I think I gave the wrong impression, it is only for a mortgage, even though we are nearly discharged the matter is not over. As much as we love our home and the where it is the mortgage is massive and to continue to be debt free we have to work on lowering it. Dream to be rid of it in 10 years would be good.
I personally do not ever want any credit for the rest of my life and apart from the mortgage I will never have any.
I could never ever go through what I have gone through ever again and I do feel sorry for anyone that has got in a mess after bankruptcy is over.

RichesToRags

BAAB

I agree it's all about sucking you into the system, years ago when I'd never had credit, young family just starting out, I applied for my first BT phoneline and was told I would have to pay £100 deposit because I didn't have any credit! My younger sister has just had to pay a deposit for her gas and electricity for the same reason, yet if she had debts up to her eyeballs she would have had no problem.

It makes no sense to me either, it seems that everything these days is reliant on what info is held about you by the CRAs and the more debt you have the more credit they throw at you. Surely it makes sense that the less credit you have the higher your ability to pay is, but no, the system dictates that they must bleed you dry with massive interest rates in 20 different forms of credit before you are deemed a 'good credit risk' and they wonder why the country is on its @rse!

nervousmother

No credit record is as as bad as a bad credit record, they can not see if you have made payments on time to others or missed any payments, basically they dont know how good you are going to be.
I too wanted to rebuild my credit record, not because i want a credit card,heavens i did not have a credit card before i went br, but because we do have a mortgage now that will need changing in the future, because i would like to change my mobile phone contract because one day i may need rental accomodation.. i will not be taking out loans or credit cards, just living.

I checked my credit file, i sent off letters the the relevant agencys.
I note that vodafone mark my credit file,
same as co-op.
if you have a cashplus pre pay credit card you can use the 'credit buidler facility'

RichesToRags

nervousmother wrote: »

I checked my credit file, i sent off letters the the relevant agencys.
I note that vodafone mark my credit file,
same as co-op.
if you have a cashplus pre pay credit card you can use the 'credit buidler facility'

Now there's good advice of how to do it without being sucked back into getting credit

neverindebtagain

Thanks for all replies, so when AD comes is that it, end of my contact with OR, can I say bye and thank you. Do I only have to contact them if creditors come out of wood work and if so would it be the case officer we have had at RTLU we would contact. If I do the lottery and I win can I then keep it.