getting credit help

Please help


My 20 year old Daughter lives at home as been in full time work with the same company for 3 years. Has 2 mobile phone contracts never defaulted on a payment . Wants to build her credit up. But keeps getting declined she has tried bank credit card. A store card and even spoke to the bank again!today!to see if she could get an over draft not that she needs it. We have done the Experian credit report showed very good on her rating. Any ideas on where or what to !do next 😟

Replies

  • TixyTixy Forumite
    31.5K Posts
    If her only current credit is phone contracts then she may need to start building up a credit history with a subprime card lender. http://www.moneysavingexpert.com/credit-cards/bad-credit-credit-cards

    She could take a look at the MSE eligibility checker to get an indication as to which providers may be willing to accept her.
    (see step 2 in the link above)
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
  • Is she on the electoral roll? If not, she'll find it difficult to get any credit and she could face an £80 fine.
    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.
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