best way to build up credit rating

Shuaibf1987

what is the best way to build up credit rating ? i have one default against my report and all debt i have now is going to be £0 by the end of november hopefull, so is it a best time to start or should i wait till i cleared all debt fully

Tixy

Do you have any current/ongoing credit agreements at all? anything you still use without a default?

If not then I would consider applying for a subprime card now and using and repaying each statement in full to start building your file up for when everything else is cleared.

Shuaibf1987

well atm im paying bak halifax for credit card and thats about it ive paid the defaulted off like 3 - 4 months after it was issued

Gordon_Hose

Only way to properly build up your rating is by paying everything in full and on time.

If you have a default your rating won't go up by much until it's gone after 6 years from the date of issue.

samtoby

If its any help I finished paying off defaults in December and if you see my lower signiature my credit getting better.

I had nothing but from July last year I now have T- Mobile Contract, Credit Card, and two catalogues. I have just had two credit limit increases even though I have satisfied defaults on my record.

It is rising....slowly lol x