Credit score of 768 and confused

Andy1985

Hi there.

I'd just like some answers regarding my credit rating please!

My score is 768 and classed as fair, according to Experian.

I have 2 outstanding credits

One for an old account (defaulted in 2009) for 3k (I lost my job in the recession as I'm in the housing trade so I had to live in my overdraft for 7 months)

The other is a recent virgin bill for £125

I have no ccj's, I am registered on the elect roll and I have no credit cards, store cards etc.

So I want to improve my score but I can't get a credit card (even a bad credit credit card).

How would I go about improving my score if I cannot get credit?

Would paying off the 2 outstanding debts mean I would get a better score?

I have the cash in my bank now to clear both of the above debts.

Thanks guys!

Tixy

Having an unpaid default is likely to make it hard to get credit.

If you pay off that default your chance of being accepted for credit should improve - although realistically you are probably still looking at subprime credit cards providers only being prepared to lend whilst the default it still on your file.

mardiemare2008

Andy1985 wrote: »

Hi there.


How would I go about improving my score if I cannot get credit?

Thanks guys!

A good credit account to have is a mobile phone contract, if you don't have one and can't get cos of credit score. Orange should let you have sim only contract, and if you keep up your payments and show you can pay your bill for 3 months they will let you have a proper contract. This is what I did. But beware, orange (or EE as they're now known) are well known for putting pesky late payment markers on credit file. So you need to make sure you pay each month on time.

Andy1985

Cheers guys.

One more....

As it's from 2009 - if I arrange a payment plan with the debt collection agency, will the default drop off when it was declared a default.... Or when the default is satisfied?

mardiemare2008

Andy1985 wrote: »

Cheers guys.

One more....

As it's from 2009 - if I arrange a payment plan with the debt collection agency, will the default drop off when it was declared a default.... Or when the default is satisfied?

From Default date

JohalaReewi

Andy1985 wrote: »

Hi there.
My score is 768 and classed as fair, according to Experian.

Don't worry about this bit of information and don't ever pay for it.
You are the only person that sees it.

All the other stuff in your post.
That is important.