self-Employed, Solvent, but imposible to get credit

Tristan_09

Hi,
I'm looking for a bit of advice or help.
I've been self-employed for nearly 8 years now, i am solvent and have over 40k running through my current account annualy.
But still i cannot even get the likes of a store card, overdraft or credit card.
My bank has told me that it seems unreasonable that i'm not offered an overdraft or credit card, they told me to appeal to head office which i did but was rejected. my bank manager told me his hands were tied as its a decision made by the computer. He then advised me to get a store card to try and build up a credit history. Unfortunatly, i said, i cannot get any sort of credit because of my self employed status.
I can only get a 50% mortgage, which makes it almost impossible to buy a family home.
Has anyone got any ideas how I can get some sort of credit so i can build up a credit history.
Thanks in advance for any advice
Tris

_Andy_

Who has told you you can only get a 50% mortgage? If you can prove your income (net profits) then it's straight forward

XXSCOTSLASSXX

Im self employed have been for last 6 years have never had an issue getting credit...(unfortunately lol) have a regular mortage etc... are you sure theres no adverse showing on your credit file, are u on the electoral role?

Just to add...my brother has been self employed for last 3 years and just purchased his 1st house with a 90% 1st time buyers deal.... dont think being self employed is the issue here, do u have ur books up to date, tax returns etc?

Tixy

Have you checked copies of your credit files with each of the 3 credit reference agencies? If not then get copies of them to see what they show. Are you financially associated with anyone else (partner/spouse etc) and if so do they have any credit problems that you are aware of?

Have you actually tried applying for a sub prime credit card?

CLAPTON

what exactly is your profit for tax purposes

chalkie99

Tristan_09 wrote: »

Hi,
have over 40k running through my current account annualy.

That really means very little unfortunately.

That sounds like a turnover figure and gives no clue as to how much you make.

Have you presented your bank manager with a set of audited accounts?

plum44_2

Its not to do with being self employed that's for sure.