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Credit Scoring Help 5 Years On
Can anybody advise as to how I can repair/build my credit score with this new change in my circumstances. Many Thanks
Comments
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Hi there,
Make sure that you are registered on the electoral roll correctly, keep any credit you have up to date and clearing the credit card every month is also a good idea. If you have a mobile phone or broadband bill in your name then stay on top of that (especially when you move).
Other than that there isn't much more you can do. Your file will show your credit history, age, electoral roll information, financial associations etc. Make sure you are not linked to anyone financially that you don't want to be and then, once the bankruptcy comes off your file, hopefully that will further improve your credit rating. Moving house and/or in with family won't necessarily damage your credit rating, so I wouldn't worry too much about that.
Laura
@natdebtlineWe work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps0 -
Your credit RECORD is important (how you managed finance, pay off debts etc )
Your credit SCORE is meaningless gibberish generated by the credit agencies to try and get you to pay the money on the grounds that they can help your score (which they control) go up and of course a high score apparently means you will never get rejected for credit.
People with active defaults have got a score of 999.
The CRA have to give you the statutory report for £2. Anything else paid to them is a waste.
Ask yourself this - if the CRA rate you at say 900/999 you should be a good bet, so why not ask them to lend you money?Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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Thank you both for your very useful advice.0
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Register free on Noddle and ClearScore, one uses Equifax and the other uses Experian, then you can get a full credit record picture free of charge.0
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Mollie_Guinness15 wrote: »Register free on Noddle and ClearScore, one uses Equifax and the other uses Experian, then you can get a full credit record picture free of charge.
Noddle is the free front end for CallCreditSam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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