Xbox One on Credit at 18?

kerri_gt

Lots of sound advise given already, save for one and look at ones second hand from reputable stores, lots or pre.-owned popping up already, either Xmas gifts being sold or where people have been 'hooked' into mobile deals with free gifts and are selling the gift for cash. Many are still boxed.

UsetheFORCE

A trainee conductor on the railways is PAID throughout training though at a lower rate (a few thousand per annum less).

I have been one myself.

19lottie82

woahmike wrote: »

Apparently it's pretty much impossible to get a phone contract without a credit history at the moment.

Not true.

However to boost your credit rating a sim only deal will do just fine.

I agree with the other posters, don't start your adult life by being in debt. Its a slippery slope.

DCFC79

19lottie82 wrote: »

Not true.

However to boost your credit rating a sim only deal will do just fine.

No need to buy a phone on contract as it works out expensive, buy a cheap smart phone and get a SIMO plan.

Mr_F_Dorsetty

woahmike wrote: »

Thank you for your input.

No problem.

My Father taught me to never say No for the first five minutes, always listen. In those five minutes you'll know if they're making sense to you or not.

Most people don't listen at all, they're merely waiting for their turn to talk.

Best of luck; hope everything sorts out for you as you want.

Mr_F_Dorsetty

MisterBaxter wrote: »

My only observation on this would be that it does seem that in order to get credit you need to have had credit and managed it properly. If at some point in years to come you look to get a mortgage then it can prove very difficult if you have no credit history at all. It does seem that some well managed credit on your file is a good thing. A mobile phone on contract, a credit card used and paid in full each month. It hadn't used to be like this, when I had my first mortgage it was about deposit and income, credit history only seemed to be a consideration if there were nasties in there, now even for a remortgage I was advised to get a credit card to bolster my credit report, I wasn't even looking to borrow more just a better rate on a fixed rate than my current lender was offering. I think the sad reality is that at the moment you may need some credit although what you have it for and how you use it and how you manage it is the important bit, get it wrong and you'll be paying for years to come.

I had my first mortgage at 18 years old - 105% of value, self certified.

Yes, times change but still the reality is avoid credit like the plague for as long as possible imo.

Also why does everyone in UK become fixated with house purchase? Unless you want to be tied down and live the life you're told to by the system. Otherwise forget buying houses imo until you're much older and a damned sight wiser as to what you really want out of life.

matttye

Mr_F_Dorsetty wrote: »

I had my first mortgage at 18 years old - 105% of value, self certified.

Yes, times change but still the reality is avoid credit like the plague for as long as possible imo.

Also why does everyone in UK become fixated with house purchase? Unless you want to be tied down and live the life you're told to by the system. Otherwise forget buying houses imo until you're much older and a damned sight wiser as to what you really want out of life.

Because it's better to start paying off your house now than throw money down the drain renting?

Zalem33

dont get yourself in debt kid, bad move.

ask for things for your birthday or christmas, debt is very a bad thing to be in, it just builds up and up