poor credit and nowhere to turn

staceyb91

Hello,
Well I know I am only 21 and poor credit is very bad it hard enough to get things as it is however for once it is actually not my fault. I was working hard juggling 3 jobs and college and was actually able to afford whatever I wanted one way or another, I got Littlewoods, Bonprix, FashionWorld and was paying off my parents debts etc. However everything went downhill after I lost my jobs and allowed my Mum and dad to use my credit accounts for xmas. I didn't mind at all end of the day I wasn't really using them. I was under the impression that they were paying it until I found a few letters saying about how the accounts were in arrears etc and were threating to go to default. After a heated debate I had banned my family from using my accounts but the damage had been done. I do not have a job, though I am looking, and currently to university. my credit rate is destroyed and I have no idea how to sort it out and get my credit score back up so any ideas would be much appreciated.
Kind Regards and Many Thanks
Stacey :rotfl:

bigadaj

The accounts were in your name only so no one else should have been using them, however you allowed them to be used so it's now your debt.

Your post is a little difficult to follow and poorly written but do you mean you are now at university and not have a job? Your credit record will be badly affected by this, and will take time to repair.

Firstly contact your creditors and explain your situation, communication is key in stopping things getting any worse.

How much money are we talking about, also how are you financing your study, do you have access to cheap loans that would pay off this more expensive debt and allow you some breathing space?

The_Boss

Also you don't have a credit score so it's not something worth worrying about.

redpete

The_Boss wrote: »

Also you don't have a credit score so it's not something worth worrying about.

But you do have a credit rating that each lender will work out when considering lending to you and this is based on some of the same criteria that go towards an Experian credit score - so the underlying problems (which the OP details) are worth worrying about.

I have no idea how to sort it out and get my credit score back up so any ideas would be much appreciated.

Have the CC debts been paid off? If not why not?

Are you on the electoral roll? If not get on it.

If you still have the CCs then, once they are paid off, use them for day-to-day spending (that you would normally pay with cash or DC) and make sure you pay themoff at the end of each and every month.

jonesMUFCforever

The statements of accounts would have come addressed to you - so how could you assume somebody else was paying them if you did not?