earning 23k and asda wont give me a credit card!

ahxcjb

F_Bear wrote: »

so how do you get the history if no one will give you a card? id agree a low limit, £500, would be a start.

its daft you have to get unnessacary credit while your younger so you can get credit when you need it.

shes been punished for not needing credit while shes younger and managing her finances well.

Personally, I disagree. When I was 18, one of the first things I did just before going to university was to apply for a student Barclaycard. 4+ years at university with monthly payments - none missed - meant when I graduated I had no difficulty securing credit.

I'd argue that if you manage your finances well, you'll always be using a credit card.

[Deleted User]

ahxcjb wrote: »

Personally, I disagree. When I was 18, one of the first things I did just before going to university was to apply for a student Barclaycard. 4+ years at university with monthly payments - none missed - meant when I graduated I had no difficulty securing credit.

I'd argue that if you manage your finances well, you'll always be using a credit card.

QFT. 22 over here, first CC @ 18. I now have an AMEX for cashback, Natwest 18mo interest free for cashback where AMEX isn't accepted, Amazon card (MBNA) for emergencies and in the past have closed M&S and CapitalOne cards.

F_Bear

I'd certainly agree with that. Someone who manages their finances well makes use of the interest free period on credit cards and collects the cashback.

Requiring credit is not the only reason to acquire a credit card.

i understand what your saying and maybe naivity when she was younger is the issue with the other half.

she should have built a credit history up but didnt understand, and wasnt taught, that you need to build these things up.

she thought by not getting into debt and saving up for things its would look better, when in fact its looked bad.

izools

Indeed.

The best analogy to make is that of applying for a job with no prior experience and no references.

If you're starting out you need to start at the bottom, build up a positive reputation, and move up as the years pass slowly but surely building a solid portfolio of a good candidate for better work.

Same counts for credit. No history, start at the bottom - sub prime lenders have specialist products for people with no credit history and once someone has evidence on their credit file that shows they are experienced in handling credit agreements responsibly they will be more appealing to stricter lenders

pcombo

to me people who are desperate to get credit are the ones most likely to rip it off and not pay it back.

BugsyBrowne

izools wrote: »

Indeed.

The best analogy to make is that of applying for a job with no prior experience and no references.

If you're starting out you need to start at the bottom, build up a positive reputation, and move up as the years pass slowly but surely building a solid portfolio of a good candidate for better work.

Same counts for credit. No history, start at the bottom - sub prime lenders have specialist products for people with no credit history and once someone has evidence on their credit file that shows they are experienced in handling credit agreements responsibly they will be more appealing to stricter lenders

I've never had a job interview in my life and never had to supply references as since I left school every job I've had has been through people I know.
Same now my brother-in-law owns a car dealership and he certantly didn't ask me for references.

callum9999

BugsyBrowne wrote: »

I've never had a job interview in my life and never had to supply references as since I left school every job I've had has been through people I know.
Same now my brother-in-law owns a car dealership and he certantly didn't ask me for references.

Surely you must know you are completely atypical? I'd had 3 job interviews (all passed) by the age of 19 - with each subsequent one being slightly more positive about the experience from the last.

F_Bear wrote: »

i understand what your saying and maybe naivity when she was younger is the issue with the other half.

she should have built a credit history up but didnt understand, and wasnt taught, that you need to build these things up.

she thought by not getting into debt and saving up for things its would look better, when in fact its looked bad.

The fact that she wasn't taught (though I wasn't taught, I looked it up myself) is neither here nor there. Regrettable maybe, but no fault of the banks/credit card companies.

And of course not getting into debt looks better... Have you not noticed that none of the stories given to you on here involved people getting into debt... As has been said many times now - they've got credit cards, spent on them then paid them off in full. Their credit report now shows that they've been borrowing money - and the crucial point - paying it all back for a prolonged period of time.

Surely you can understand the logic behind lending more readily to people with a proven record as opposed to someone with zero records?