Question about Credit Rating

ceecee31

My credit rating is shot to hell and has been for the last year or so. I basically went from having a really good credit file to a really bad one (won't go into the circumstances why this happened).

However, I have a catalogue which I pay monthly by direct debit, totally up to date, and never missed a payment. I also have a mobile phone contract, also paid by direct debit. Similarly with my electricity account and Sky accounts.

Although a number of my accounts are in default, I am paying them all back monthly, all on time and never missed.

My question is, does any of this go in my favour to eventually get my credit rating back to anything like it was before, or do I have to wait the statutory 6 years?

Thanks again for all your advice.

Tixy

While ever you have defaults on your file it will be difficult to get any new credit from any high street lenders.

Once the defaults are settled and perhaps 4-5years old or so you may be able to get some new credit, although not at the best rates on the market, and at that point running any non defaulted accounts well is likely to be taken into account by any potential lenders.