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
building credit score after bankruptcy
blue_star_2
Posts: 1 Newbie
I was declared bankrupt in 2011 and would like to build my credit score up again so if later in future I need a good credit score for mortgage or something it isn't a prob. Ive heard Martin say over and over the best way to build credit is to get a credit card and pay it in full each month. I would like to do this but dont think I will be approved as I am unemployed due to being single parent to a toddler and I'm also at college.
Is there a card that I would be approved for or is there another way to improve my credit score?
Thanks for any help
Is there a card that I would be approved for or is there another way to improve my credit score?
Thanks for any help
0
Comments
-
Aqua and Vanquis seem to be the easiest. Interest rates are horrendous though
Married 40y.o. mum of an autistic 11y.o. Carer/SAHM.
OS '24 Fashion On The Ration: 0(34 preloved)/67 coupons used - OS '24 Declutter Challenge: 633/500 items gone 🏅 🌟 🌟 🌟 🌟 - Now aiming for 750!
Feb GC: (1st-29th inc) £161.45/£495
((OS 2023 Decluttering: 740 items 🏅 🏅 🏅 🌟 . OS 2023 Fashion on the ration: 14/15 used))0 -
In your situation a mortgage is a VERY long way off. I would just chill about your credit file for a few years. At the point where you can start serious saving for a deposit, then start rebuilding your credit record.0
-
flamingo747 wrote: »Aqua and Vanquis seem to be the easiest. Interest rates are horrendous though

Not a problem if you don't pay any though....I've had a Vanquis (now gold) for three plus years with a current credit limit of £3000 and the interest rate is irrelevant because they've never had a bean out of me.“Procrastination is my middle name....well it would be if I could be ar**d to contact Deed Poll."0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards