We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Terrible credit - need some help...
Neillyboi26
Posts: 1 Newbie
Hi folks,
Due to some bad decisions in my past by living outwith my means I was up to my eyeballs in debt through payday loans, credit cards etc. I completed a trust deed a few months ago which means I am now debt free. Ill never make the same mistake again but it would be nice to have access to credit if it was needed. I use noddle and everything on my credit file is correct, discharge noted etc. I am keen to start rebuilding my credit but I can get absolutely zero credit, no bad credit cards, not even a 30 day sim contract. Does anyone have any advice on moving forward? It would be much appreciated
Due to some bad decisions in my past by living outwith my means I was up to my eyeballs in debt through payday loans, credit cards etc. I completed a trust deed a few months ago which means I am now debt free. Ill never make the same mistake again but it would be nice to have access to credit if it was needed. I use noddle and everything on my credit file is correct, discharge noted etc. I am keen to start rebuilding my credit but I can get absolutely zero credit, no bad credit cards, not even a 30 day sim contract. Does anyone have any advice on moving forward? It would be much appreciated
0
Comments
-
Give it a few months and then try a sub prime application again.0
-
I assume by access to credit if it's ever needed, you mean for an emergency. If so, why not start building up an emergency fund while you wait to apply for new credit. It will certainly help with your desire to never repeat getting into debt.
There are challenges you can part in on the DFW board. They welcome everyone not just people in debt.I’m a Forum Ambassador and I support the Forum Team on the Budgeting & Bank Accounts, Credit Cards, Credit File & Ratings and Energy boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
If you can't be the best -
Just be better than you were yesterday.0 -
Give it a couple of months and during this period you can build up some savings.0
-
You will be given a second chance. It will just take time. Wait until your 'discharge' is no longer noted.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards