Credit Builder - Right credit card?

yathu

Hi,

I have 9 default accounts (all been defaulted within last 3-4 months) which i am paying them with the debt collection agency. I am paying each and individual debt collection agency different amount.

I have just checked my credit score -which is 627. I want to bring my credit back to track. Is there any way i can get a credit card with low balance in order to build my credit rating.

I am planning to start a new business in another year and i want to buy a house in another 4 years time.

I want to make sure that my credit rating is very good.

Any advise on how to get a credit card based on my situation and my credit score.

Please note among those default Vanquis is one of them and 1 overdraft with lloyds and one mobile contract and rest payday loans.

Thank You

Kind Regards

Yathu

matttye

Capital One may give you a card.

From what I've seen they seem to be less strict than some of the other 'bad credit' credit card companies.

If all else fails you could get a Cashplus creditbuilder, which is a prepaid card. You pay £5 per month for the privilege of it reporting to your credit files.

Realistically though, you're not going to get any decent credit for six years.

chanz4

As you have defaulted with the devil, don't bother for a couple of years

yathu

Thank you guys for the advice. let me keep calm for 1 year. The main thing is i dont want any credit. i just want to make sure there wont be any problems when i start my business and when i try to open a business bank account. And want to make sure that i will be able to get a mortgage.