Don't know why my credit rating is so bad

Kirkee

Hi, I have recently just moved into a new house and tries to sign up for a catalogue in order to buy a few essentials that I can't afford right now, but was hoping to pay over the course of a few months. However I have been refused for every one I have applied for and am confused as to why. I have never bought a contract phone or had a loan. I was a victim of fraud last year but the bank was notified and as far as I know, my credit rating should still be at nothing. I don't understand why I am being rejected for these catalogues and was wondering if there was any way to bump up my credit rating without a credit card.
Thanks

Hazzinho

Check your files, if you have just moved it takes a few months to update to your new address. Also are you on the electoral roll?

forgotmyname

Made lots of applications? May appear like your deperate to get credit.

Kirkee

Hazzinho wrote: »

Check your files, if you have just moved it takes a few months to update to your new address. Also are you on the electoral roll?

I don't think I am on the electoral roll thanks I'll have a look at how to go about sorting that now thanks :money:

The_Boss

You don't have a credit rating. After moving, your credit worthiness in the eyes of some lenders may take a hit because of the change in personal circumstances (i.e. stability) and the electoral roll as already mentioned above.

thebritishbloke

The_Boss wrote: »

You don't have a credit rating. After moving, your credit worthiness in the eyes of some lenders may take a hit because of the change in personal circumstances (i.e. stability) and the electoral roll as already mentioned above.

OP doesn't even have any credit history at all.

You have no lending history, so they don't want to lend to you as they don't know whether you're actually going to pay them back. You say you don't want a credit card, credit cards are the best thing to prove to lenders that you are responsible and can afford to pay back what you borrow.

Check all 3 CRA's for your reports and look for any irregularities. If you want to start getting accepted for credit, you're going to need a credit card, use it regularly and pay it off in full every month. In ~6 months you might be able to get some other credit facilities.

Insomniscene

Yeah its having no credit at all, I've struggled based on the same circumstances.

I ran pubs for years, moving every few months so I had everything registered at my parents address, and wasn't on the electoral roll there. Since leaving the pub trade, I've moved all the addresses and got onto the electoral roll. I'm now just waiting for it to all settle and then I'm gonna apply for a "bad credit credit card" to see if that makes a difference. I've applied for Vanquis but still yet to hear back.

I'm in the same boat, I want stuff for my new flat (sofa, etc) that I'd ideally buy using credit. In the meantime just save up some money so you can get a headstart.