Will this hurt my Credit Rating ?

izools

Birkee - this is why I have one bank account, one mobile phone contract, one small loan, and no credit cards or other lines of credit available to me :beer:

Although perhaps this:

birkee wrote: »

No, I've no outstanding debts myself ..... and have never had problems with repaying debts. car loans, mortgages etc

Doesn't help with your understanding of how these situations can arise. It's hard to judge a situation you've never experienced or withnessed, I've found

BugsyBrowne

izools wrote: »

Which is why I have one bank account, one mobile phone contract, one small loan, and no credit cards or other lines of credit available to me :beer:

That is what I am heading for hopefully before Xmas if I get me !!!! back in gear.
All I want is just 1 credit card and keep me Bank account and my mobile,and I am at a stage now where I don't need to apply for a credit card think it was all about the buzz at the time, but the buzz getting a decent card end up being a blo0dy expensive one at that.

KingElvis

Just leave the Vanqswiz card running, be careful to always set up to pay the entire balance. An account closed after just six months looks like you can't maintain long term commitments.

As soon as you've had it 12-18 months I'd dump the card like a lump of dog shizzle as they are the very bottom of the bottom.

BugsyBrowne

KingElvis wrote: »

Just leave the Vanqswiz card running, be careful to always set up to pay the entire balance. An account closed after just six months looks like you can't maintain long term commitments.

As soon as you've had it 12-18 months I'd dump the card like a lump of dog shizzle as they are the very bottom of the bottom.

Dog Shizzle :rotfl:

birkee

Atom wrote: »

Hi Birkee

I understand - i only ever had one default which was the one mentioned above, actually the loan was for a friend for a car ( i know stupid thing to do ) but he made 4 payments and never paid anything else, i was young and never knew about credit files etc never needed them so i thought well if he aint paying it i sure as hell aint..

It wasn't until i applied for a mortgage i realised how this default affected me, i couldn't get any credit whatsoever until just over 2 years ago i went in a flurry and got a few accounts, thought if i kept them good it would look good for me later down the line, which has.

All these extra accounts i have have 0 balances - there all being closed

My comments weren't pointed at you atom, is was just an observation made seeing all the posts from people needing help.
I'm sure you know that though.

birkee

izools wrote: »

Birkee - this is why I have one bank account, one mobile phone contract, one small loan, and no credit cards or other lines of credit available to me :beer:

Although perhaps this:



Doesn't help with your understanding of how these situations can arise. It's hard to judge a situation you've never experienced or withnessed, I've found

But I DO understand! The observation was, to keep your creditors to a minimum.
Food for kids comes before debt worries, but the worries are only deeper when you've fed the kids. It's a rollercoaster I'm sure.