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Tools to improve poor credit score

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My credit rating remains low as I find it difficult to improve it.
- I have Capital One credit card since last year August
- Contract phone since April 2014

That is all. I have always paid the above on time. I tried to apply for about two credit facilities every 3-4 months but still finding it difficult to get accepted.

What credit facility known to you that can get me accepted? All I want is to add more of them to improve my score.

Any advice will be appreciated.

Comments

  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    A current account (presumably?), credit card, and contract phone will build your credit rating (not your credit "score", because you don't have one of those). Just give it time.
  • james16 wrote: »
    Any advice will be appreciated.

    Get your name on the Electoral Register.
    Are you for real? - Glass Half Empty??
    :coffee:
  • I agree with the above advice.

    Ensure you are on the electoral register, pay all of your accounts on time, and more importantly give it time!

    Once organisations see you are managing your credit commitments well you are more likely to get accepted.

    As you will be told on numerous occasions the 'credit scores' provided by the credit reference agencies are meaningless. When you apply for credit they look at the information your file contains, not a 'score' made up by these agencies.

    Keep up the good work and good luck for the future.
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Get your name on the Electoral Register.
    I would have thought with an existing credit card and contract phone (and presumably a current account?), they were already on the ER?...or at least would have been when these products were taken out last year.
  • Malmo
    Malmo Posts: 710 Forumite
    Part of the Furniture Combo Breaker
    Hi james16,

    Read the tips outlined in this MoneySavingExpert article. Hopefully this will point you in the right direction.
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