Help! applying to 02

Zade94

Hi all

I'm very new to this. I want to apply to 02 and take out a contract for a tablet and phone. The problem is, my credit history is very limited. I turned 18 in December 2014. I have been on equifax and experian to try and inlmprpbe my rating. At the moment, I have 5 credit agreements, two current accounts with a 1000 overdraft on each, I just got this last month so it's not on any credit reports yet, also I have VIRGIN media, the whole lot and a sim only contract with ee that I got a few weeks ago and a capital one credit card that I got In July my limit is £200.


My equifax credit score is in the very poor range and same with experian, there nothing bad on there, no late or missed payments ect. Just because my credit file still needs to accumulate.

Anyways I was wondering if I have a slight chance of applying to o2 and being accepted. I know it varies and the only way to really tell is apply and see but, I was looking to see if anyone here was or is in a similar position and had any luck ect?

Thank you!

bengal-stripe

Zade94 wrote: »

At the moment, I have 5 credit agreements, two current accounts with a 1000 overdraft on each, I just got this last month so it's not on any credit reports yet.......and a capital one credit card that I got In July my limit is £200.

Just because my credit file still needs to accumulate.

Your credit file has accumulated enough, you have been on a frantic credit spree for the last few month. Now you must demonstrate that you can handle the credit you have already.

Do not apply for any more credit for at least six, if not twelve months and let your credit file consolidate.

Zade94

Everything is sort of spaced out. I only have two credit searches on my file. And my average account age is 17 months... My last credit search was 3 months ago

tomxlisa

Don't worry about what any score says it means nothing and will not decide if the lender says yes or no, what matters is your credit history, which you now need to build up by paying your bills on time, once this has built up (minimum of 6 months) you will be in a stronger position of being accepted for credit than being declined.