Building up my Credit rating again!

Danzo100

Hi


I am just about to clear off my last few debts in the next few weeks and am after a bit of advice as how to build the credit rating up again.
I have had a CCJ (did not bother paying anything for 2 years on a old credit card, stupid me!) for 3k which has been paid off and a couple other snags on the credit file which will be gone with the payments in a few weeks, (overall I have cleared 8k in 2 years) it is only the CCJ that will remain on my file as satisfied as it was from 2010.
The other half wants us to get a mortgage and with me holding down the better job and income then it is all down to my credit.


How long would it take to build the credit back up and which are the best ways to do so considering obtaining credit straight away may prove a problem.


Danzo

Tixy

Do you have any open credit accounts on your credit files that do not have missed payments?

Given the CCJ the usual option is to try to get a subprime credit card and use that each month for a couple of purchases and repay in full each statement.
If you already have a credit card that is not defaulted then you could use that instead.

Using a credit card in this way helps build up a positive credit history, and costs you nothing.

Realistically would you be hoping to get a mortgage before the CCJ has dropped off your credit file?

Danzo100

Thanks for the info.


I have no open credit on the account.


We are looking to buy early next summer when some new builds are completed nearby but I guess it all comes down to all clear from any lenders at the time.


My folks are helping out quite a bit deposit wise so it will be first time buyer with say 25-30k deposit available, we both have real stable jobs that have been held for a number of years and both have seperate bank accounts in credit (she holds a credit card that she uses and pays off each month for fuel).