Credit cards with a default

Firsttime54 · 27 June 2012 at 8:51PM

Howdi!

Looking into getting a credit card for use on odds and sods for my new gaff. More as a precausion than anything else. When looking on the experian site where they are meant to match you to credit all i seem to get is cards for building up your credit rating...it is currently at 975 out of 999 and the only reason for that is a mobile phone default of £40 from 2008. So no matter how much i use the card its not going to build my rating as thats the only issue. Am i likely to get anything below 30% APR. If not i wont bother.

happy_bunny_2 · 27 June 2012 at 8:55PM

I think Aqua do cards with defaults CCJs older than a year.

The Experian score is not worth anything.

Probably worth getting a high interest card and paying off every month as the older the default gets (especially a settled small one) the less impact it will have and the high rate card may then be a help.

BugsyBrowne · 27 June 2012 at 9:04PM

Firsttime54 wrote: »

Howdi!

Looking into getting a credit card for use on odds and sods for my new gaff. More as a precausion than anything else. When looking on the experian site where they are meant to match you to credit all i seem to get is cards for building up your credit rating...it is currently at 975 out of 999 and the only reason for that is a mobile phone default of £40 from 2008. So no matter how much i use the card its not going to build my rating as thats the only issue. Am i likely to get anything below 30% APR. If not i wont bother.

Exactly only a £40 default which will damage your credit report till 2014.