Repairing your Credit Rating ?

bishboshdosh

Can somebody please suggest some advice here

Having had a really bad 18 months inc recently divorced, sold house (now renting) and paid off over £100K of unsecured bad debts inc missed payments and CCJ's I am now debt free but with a credit rating shot full of holes :mad:

All CCJ's are showing as satisfied and paid off but I still appear to be blighted even though I have a stable career and a six figure salary

Not wanting to secure any debt (other than a mortgage) I just want my credit rating to improve from poor :mad:

Any advice would be greatly appreciated :A

bunnybunny_2

Hi,
Sorry to say but I am in a very similar sinking boat, I am now clear off all debt but have 5 defaults. I can not get credit on a mars bar let a loan a mortgage. Im affraid they stick to you for 6 years. Dont be tempted to try and buy yourself out of them as its a dodgey business.
Sorry no positive feed back. If you do find the loop hole we are looking for give us a shout.
Good luck

CLAPTON

it will be possible to get a mortgage once you have saved a sufficient deposit although you may well be charged a higher rate of interest and you will probably need to try specialist brokers...because they are secured on the property mortgage lenders have a different set of criteria to the CC

iolanthe07

With a six-figure salary, i.e. over £100,000 a year, you'll have no problem getting your credit rating back soon. Banks will be falling over themselves to lend you money.

Storm

Have you made sure you're on the electoral role? That can help your credit rating a bit I believe...

Make sure you're not applying for too many things at the same time, and close off any old credit/storecards that you no longer use.

You might be able to improve your score a bit by using a credit card for a small amount each month and paying it off in full (if you've got one that will let you) as it will show you are using credit in the 'right' way.

clarab_3

Is it true that not having a landline a home affects your credit rating? I havent had one for years because my work pay my mobile - it seems such a waste.