help rebuilding credit rating

mr-baker

hello

new user here

wanting advice on how i can rebuild my credit rating

25 YO now and cannot get any kind of credit, made a lot of mistakes aged 18 and abused my ability to get credit , mobile phones , over drafts etc and now cannot even get a current account in a bank only a cash account

i intend to buy a car and a house in the next few years , i earn a decent salary but my rating is shattered cant get catalogues , c.cards for poor ratings nothing at all so am unable to rebuild credit score

any advice would be brilliant

thanks

The_Boss

You don't have a credit score, hence not being able to rebuild it.

Do you have any active credit accounts at all showing on your credit file?

mr-baker

sorry may of worded it wrong then i dont know about all the credit system really just that i cant get any

there is nothing on there at all

DCFC79

You say you have a decent salary so have you any savings to buy the car ?

No need for the catalogues.

The_Boss

So what old/settled accounts does it show? You say there's nothing at all on there but thought I should check. Does it show you as on the electoral roll at your address?

mr-baker

ive just got on to a decent salary and look to save split across the mortgage deposit fund and a car fund

no savings at present

mr-baker

ive never been on electoral roll previously so have just registered

i am not using a service currently to check my credit

The_Boss

mr-baker wrote: »

ive never been on electoral roll previously so have just registered

i am not using a service currently to check my credit

You should definitely get your statutory reports from Experian and Equifax (and register for Noddle's free service). Without knowing what's on your file we're not really able to help you.

But being on the electoral roll is a huge must, although it may take a couple of months to be updated on your credit file.

Thrugelmir

mr-baker wrote: »

ive never been on electoral roll previously so have just registered

3 years minimum is advisable for a mortgage.

Take a look at Nationwides Save to Buy scheme. A good way of building brownie points directly. Halifax also offer a scheme for FTB's.