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Advice:credit rating when newly married
Kingle
Posts: 1 Newbie
I'm hoping for some advice on my recent credit decline and what this means for my credit score. When declined, how long will this stop me applying for other credit and is there a way I can improve my rating?
I got married in march and was declined credit this month (sep)
I'm assuming it's because I have minimal credit history in my new married name? I also realised I'm not registered on the electoral roll as my new name so have requested this change. Will this be the only reason for the decline and if so will changing my details immediately make me eligible for credit or will I need to wait a while after the decline??
Iv always had good credit previously and had been granted a credit card with £3500 limit on 0% before getting married. I pay my mortgage and bills under the new married name also so I thought that would help me.
Any advice welcome please
I got married in march and was declined credit this month (sep)
I'm assuming it's because I have minimal credit history in my new married name? I also realised I'm not registered on the electoral roll as my new name so have requested this change. Will this be the only reason for the decline and if so will changing my details immediately make me eligible for credit or will I need to wait a while after the decline??
Iv always had good credit previously and had been granted a credit card with £3500 limit on 0% before getting married. I pay my mortgage and bills under the new married name also so I thought that would help me.
Any advice welcome please
0
Comments
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It is never logged on your credit report whether you were declined or accepted, it merely shows (for 12 months) that a lender has searched your record. It's advised to not make more than 2 applications in a short period of time (6 months), or else it may affect their decision.
Not being on the electoral roll will be one of the biggest factors in their rejection, give it a few months to when you're added on to it and you should be ok. I'd also get your credit report from all 3 CRA's and make sure all the info is accurate.Credit 'Score' - Don't buy the credit 'score' that Experian, Equifax and Noddle want to sell you. It's an arbitrary number that means nothing when it comes to applying for credit.
ALWAYS HAVE A DIRECT DEBIT SET UP FOR THE MINIMUM PAYMENT ON YOUR CREDIT CARDS, REGARDLESS OF WHETHER YOU PLAN TO LOGIN AND PAY EACH MONTH.0 -
Even if you have had good credit previously it doesn't mean you will be a dead cert to be accepted.0
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