orange mobile rejection

hunninicki

Hi,

I went this morning to get a blackberry phone from Orange, anyway i negotiated a really good deal, which would also mean a reduction in my internet!

However, they have refused me credit, declined me! and i have only ever had 2 things with credit, one my car other a laptop, both which were paid of in time and without any complications.... i have tried to get a credit report, and in process of sorting this. I have spoke to my bank and they said there is no problems.

Anyone got any advice for me? can i try it again on wed?

thanks

macman

Get your Experian/Equifax file first. Don't keep applying, as each rejected attempt shows on the file.
The fact that you've only ever used credit for 2 items may be the key to the problem-you simply don't have enough of a track record, and nothing else at present if they're both paid off.

Jon_01

Catch 22, lack of anything on credit makes it harder to get credit...

Are you on the electoral roll ? Have you moved in the last 6 months ?

malibusami86

yeah, i was told when i got a mortgage we were too squeeky clean as we've never had credit cards etc

they prefer people with credit accounts that pay them regularly. it may be worth taking out a store card at your favourite shop, and paying straight after each purchase to bump your credit rating? (im sure someone will correct me if thats wrong hehe)

gjchester

malibusami86 wrote: »

it may be worth taking out a store card at your favourite shop, and paying straight after each purchase to bump your credit rating? (im sure someone will correct me if thats wrong hehe)

Your not wrong from the point of view a store card may help, but theres not really an such thing as credit "rating" or credit "score".

Equifax et al have a credit history on you, and each lender looks at that with their own criteria to approve or deny you, but you don't have a number that lenders purely decide on.

Your "score" as punted by the credit people is a *INDICATOR* of your credit reliability, but it's not used by anyone other than the credit score people to get you to subscribe to their services to monitor the "score"

Your Credit history shows how much credit you have applied for, and if you are responsible with credit, pay it off on time, if you have had to pay interest that you were responsible with that too. Applying to too many companies too fast makes you look like you are desperate for credit, again something that looks bad.

Lenders are not looking for a perfect credit rating , ideally they want you to pay less than the full amount so you pay interest. What they want mroe than anything is a reliable responsible people they can lend to and have confidence they will be repaid.