We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Rebuild Credit?
pinkwizard
Posts: 3 Newbie
Hi,
I finished a DMP in March this year, and have defaults back from July 2009. Im aware these stay on file for 6 years. My question is, is there anything I can do to help rebuild my credit?? Are these cards like Vanquish a good idea? And if so whats the chances of getting one? Should you wait a certain amount of time before applying for one?
Thanks in advance.
I finished a DMP in March this year, and have defaults back from July 2009. Im aware these stay on file for 6 years. My question is, is there anything I can do to help rebuild my credit?? Are these cards like Vanquish a good idea? And if so whats the chances of getting one? Should you wait a certain amount of time before applying for one?
Thanks in advance.
0
Comments
-
Yes - a card (Vanquis, aqua, cap one), if used correctly would help give you some positive credit history. Use it regularly and pay it off in full each month.0
-
I echo what zx81 has said about the getting either 1 of the 3 credit builder cards. They start with low credit limits and the interest rate is high but if you use it at least once a month for say either fuel or shopping and pay it off in full each month the interest shouldn't really be a problem
Fifi
:T:T:T I'm finally debt free:T:T:T0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards