Am I seriously Uncreditable??

izools

paulmcerlean wrote: »

You dont deserve any further credit which is why your not getting it.

Your attitude stinks. You are a risk and your proving it by thinking its ok to default because it was only £250.

Try again in 4 years when the default goes and learn to respect credit as not a God given right but as a privilege, treat it like that and you will be rewarded with a lower risk profile.

Atop this, take out a couple of bad credit credit cards - Vanquis, Capital one Classic.

Use them sensibly and respectfully for the next four years. Clear them in full wherever possible (aim to clear them in full every month without fail because the interest rates will be massive).

This will build up positive repayment history on credit account on your credit file. At the moment you have no positive repayment history.

Mobile phone accounts don't really help as they aren't credit agreements. They aren't regulated by the Consumer Credit Act.

The Vanquis and Cap1 cards will help improve your rating through positive repayment history and after two to three years you should be able to go mainstream again as long as you've proven through responsible use of these cards that you are a good risk.

Good luck

Curt.

RobertoMoir wrote: »

I shall try and put this in terms you might understand.

lol. !!!!
Out here in the real world, actions have consequences. OMFG who'd have thought it!!!! LOL.

:rotfl::rotfl::rotfl:

Curt.

zudecke wrote: »

you guys think if i put something else like "tenant" or "owner" rather than "living with parents" i get more plus points so to speak?

Fraud on top of everything else eh?

Surely there has to be a smiley which rolls its eyes??

questionabout

I think were being a little too hard on the OP.

He made a mistake while young and now he is paying the price. For those that don't like his attitude need to have a serious think about the attitudes of the banks and credit card companies over the last 5 years... remember the days when they would charge £35 for an unpaid item and then wonder why the country got in trouble!! As a student at one point I had 6 Credit Cards and no job!!! :eek: They had the same attitude to customers as he has to credit just the other way round. :mad:

I would recommend Capital One Classic and maybe a catalogue account.

However if your only doing this for status then don't bother. You seem to have more than enough money to live on at the moment. Enjoy being debt free while you can because when you get older you may need a mortgage which you will be paying for 20 years plus so enjoy this time in your life while you can :j

zudecke

Thanks for your post qa.

I don't want to live about my means to any great extent, but it would be nice to be able to take a hol without having to save months ahead and live less... colourfully lol.

plus, in the long run, it would be nice to start building a C history... that was my first and a last ever credit. not a good example set lol.

i just find it strange that I was even given a CC in the first place seeing as I had no job lol. What's even stranger is that they class a default as a default no matter the circumstances. I.e. I'm in the same boat as someone who defaults on a £25,000 CC that WASN'T a Student (or Student CC). I just thought there would be some thought put in to circumstantial defaults etc...

AND what's even STRANGER is that a lot of people in this thread think this is 100% fair - "credit is a privilege"! I'd rather live in a world without credit, but alas, it's not my choice so I don't really have much choice...

zudecke

any who, i applied for a Vanquis and Cap1 at the same time, thinking they'd both get back to me "instantly" as it says on their website, but now bpth have said it'd take up to 14 days lol. so applying for 2 at the same time prob wasn't a good idea lmao.

purplerose

In August 2011 I'll be default free. I've found getting a mobile phone contract and having accounts with catalogues to be easy to get but credit cards and loans aren't happening unless I go with a crazy high interest rate. I regularly buy from the catalogues and that's building my credit history.

Personally, I'd never consider taking out a high interest rate credit card as it would be too easy to use it for something like a holiday and not pay it off very quickly then be hit with loads of interest. Plus once it's used for the holiday, what's the harm in using it for that new TV or Christmans presents and then the car breaks down and use it to fix that and next thing I've got another massive debt hanging over my head. No thanks, it just doesn't seem worth it unless you can be really strict with yourself and pay off the balance every month. If you're earning a decent enough wage with no debt, why not postpone the holiday to next year, start putting money by now and try to pick up something good in the January sales?

I realise it sucks to have a default on a £250 card but it's gonna stay on there for 6 years. You said you defaulted 2.5 years ago so it's only 3.5 years to go. That might seem a long time but it's not really. When I first defaulted it felt like it would never go but with just a year left it feels like the time has flown in.

furndire

I think you need to have lessons on how to budget your money properly. If you are on a good wage, you need to live within that wage. I predict that if you get another credit card you will soon run up debt on that, and be unable to pay again - especially adding on the interest you will be paying. Sorry to sound so harsh, but when you borrow money it has to be repaid. Goodness knows what would happen if you lost your job.

zudecke

zudecke wrote: »

any who, i applied for a Vanquis and Cap1 at the same time, thinking they'd both get back to me "instantly" as it says on their website, but now bpth have said it'd take up to 14 days lol. so applying for 2 at the same time prob wasn't a good idea lmao.

can anyone comment on the above?

cheerz

chuckley

vanquis are good at accepting 'poor' credit ppl. however if you have a good wage as you say anmd next to no outgoings. why do you need a £6k loan/credit card? thats a substancial amopunt for sum1 with little outgoings?!