credit ratings- improvement

dd111

hi all,

so I think I got a bad credit rating, I applied for an asda credit card and got rejected. Not sure why, I dont think i have any other lines of credit and all my bills/direct debits etc are paid on time and in full. I do have contents insurance that I pay monthly for and this company tell me its a form of credit but it does not show up on my equifax check for some reason.

Anyway, I wanted to ask advice on how to fix my ratings becuase very soon I want to try to apply for car finance and I want to have the best chance of succeeding,

Im aware of getting into a rejection spiral but I am going to gamble and apply for some form of card as if accepted I know I will use it sensibly and repay in full each month without fail- so I think doing this will imporve my score.

What is the best type of card to go for? Do I got for a high percentage credit card or is store card like argos for example better.

Or another option, is brighthouse, pay as you view etc a good idea to improve my rating.

hope someone can help

thanks for reading, have a good night

Maestro.

The Argos card is underwritten by Vanquis, a lender that gives high APR and caters to people with less of a credit rating. As you have not much of a history, you aren't going to get prime rates until you build something up.

mrtaximan

Thats good to know Thankyou

Mark B