Five easy ways to wreck your credit history ...

GingerBob_3

From the Telegraph:

http://www.telegraph.co.uk/finance/personalfinance/borrowing/loans/11386775/Five-easy-ways-to-wreck-your-credit-history.html

Obvious stuff really, but some good comments.

I'd add a few more ways:

Get your mobile phone from Orange
Get your energy from npower
Disclose personal details to your water company
Buy from a catalogue, especially Very
Trust credit card companies
Don't set up a direct debit on your credit card

Any others?

misspickle_2

Can I just ask ginger, why is everyone saying its a must to set up a dd for paying credit cards? Am I missing something?
I have been paying mine each month on my internet banking. I do it manually each month. Is that OK?

LplateSaver

misspickle wrote: »

Can I just ask ginger, why is everyone saying its a must to set up a dd for paying credit cards? Am I missing something?
I have been paying mine each month on my internet banking. I do it manually each month. Is that OK?

Yeah that's fine as long as its paid. Some people have a habit of forgetting so a dd would stop that.

Saver-upper

Hi,misspickle,
Doing it manually is fine.It is just so that there is absolutely never,ever,ever,any chance ever in the world ever that a payment is missed (in the case of forgetting,illness,being away on holiday,etc).It is a sensible safety guard,that's all.

misspickle_2

I like to be in control of the dates and the amounts. But I keep coming across lots of people saying set up a dd for it.
I'm just curious.

Saver-upper

It really is fine,misspickle.It is a sort of "belt and braces" job x

misspickle_2

Oh I see. That's OK then. I was getting worried.
I quite often pay different amounts depending on what's going on that month and if I can i pay over the minimum. But I don't want to be tied to higher amounts every month.
Suppose I could set up min amount on dd and then pay extra manually but the min amount changes each month. Depending on whether I've had to use it to spend or not.
Sorry for robbing your thread! Lol

NICHOLAS_2

What do you mean giving too much information to your water company, you mean like your name

misspickle_2

I'd be stuffed if I ever forgot as I would lose my 0% offer. Doubt I would forget though as I'm completely paranoid about it.
Took me years to get my credit file clean.
I was a bit silly when I was younger.
All grown up and in the real world now though lol. Scary place!!!

misspickle_2

NICHOLAS wrote: »

What do you mean giving too much information to your water company, you mean like your name

You again just seen you on the tightwads thread :rotfl:
Made me laugh!
When you said pick up women with supermarket brands.

GazHatesBanks

They missed the easiest ones:

• Get a payday loan;
• Be a guarantor for someone else (vast majority will miss a payment or default);
• Open a joint account with someone who has already messed up their own credit file;