2 years debt free and 0 credit

ty_fairclough

I am having real difficulty obtaining credit even from the vulture lenders.

My credit history:
around £3,000 in bad debt amounted around 6 + years ago. All paid 2 years ago
full time, private tenant
38,000 p/a
a few thousand in savings
working full time 2+ years


Declined lease on car 2 years ago
Declined higher rate CC from my bank a month ago
Declined by aqua (my old credit card, always paid in full) today

I'm trying to save for a mortgage but there's little point if I can't even get a credit card. I also would benefit from a credit card mostly for travel when I prefer to protect my purchases.

My bank refuse to explain why they won't give me credit, they just turn to experian. last time I used experian my score was 888.

Could my old debt still be haunting me now? Perhaps because I paid it that brought my debt back up to date and more relevant to a lender? Do I have to wait another 4 years?

What can I do?

I Appreciate any information that could help.

Thanks

Ty

Thrugelmir

ty_fairclough wrote: »

I'm trying to save for a mortgage but there's little point if I can't even get a credit card.

My bank refuse to explain why they won't give me credit, they just turn to experian. last time I used experian my score was 888.

Never pointless to save. Particularly to buy your own home. Divorce a credit card from saving in your mind.

Score is worthless. What matters is what your history tells a potential lender.

thebritishbloke

Try for a Vanquis card.

teffers

I think the key is to get copies of your Credit Reference File from each of the Credit Reference Agencies.

That way you will know what the lenders see, not the imaginary score

chanz4

whats on your actual report, also were any debts with any of the aboves group