How to be a stable nomad

onthego

Thanks for the replies.
I have deleted a lot of personal info as things have moved on now.

[Deleted User]

Your score means less than nothing. Ignore it with a vengeance.

Have you actually applied and been rejected? Or are you just afraid of applying?

onthego

Thanks for the replies.
I have deleted a lot of personal info as things have moved on now.

[Deleted User]

I think after 5 years, you could probably risk a further application. One search will make no difference.

Remember to ignore that score...

onthego

Thanks for the replies.
I have deleted a lot of personal info as things have moved on now.

[Deleted User]

Start with your own bank again. One search is nothing - I'd stop at two though if unsuccessful and retry in a three or four months.

onthego

Thank you so much for your advice, it is much appreciated.

onthego

Thanks for the replies.
I have deleted a lot of personal info as things have moved on now.

robber2

onthego wrote: »

. Hopefully with this credit card I can buy a house,.......

Good luck with that plan.

Rob

PixelPound

onthego wrote: »

An update - I phoned my bank to discuss and they said I need income to get a mortgage or loan and my zero hours contract won't count. Tben I discovered one of the credit card money transfers on the credit club forum had changed to 100% chance of 3 years interest free credit so I applied and they are giving me the money I need no problem. It seems so back to front that my bank who know me won't trust me, even though I was trying to get a loan where I'd pay them interest, but these other strangers want to give me free money for no interest!

Different banks have different criteria for mortgages/loans. Some will accept ZHC if you can show sufficient average earnings over last 2 years, some will only consider a percentage of it, others won't consider any

I want to change banks on principle, but I'm holding off for now in case I need any more credit as its my only longstanding financial relationship. Hopefully with this credit card I can buy a house, at which point my credit rating may at last pick up, right when I don't need it! What a weird world.

Unless you are wanting to use an automated bank switching system (e.g. for the reward) there is nothing to stop you doing a manual switch and just keep the old account open. Get a list of regular payments, swap you income and those to the new account and leave sufficient in your old account until you are sure everything has moved across, then just leave a nominal sum in and transfer a £1 across every six months to keep it active.

It might not be your average age of credit that got you turned down, could be that you moved a lot, could be if your income has varied then different applications have shown different money amounts, or maybe an old active account is still attached to an old address. Maybe even misreporting by utility companies. My neighbour had a problem with her Utilities as although she had a DD set up the date didn't coincide with when the months costs were added to the account so it was always reported as late payments. Can't remember how she found out but I remember she was quite livid as she'd agreed to the date the company suggested and always paid. Unfortunately they often don't tell you why you have been rejected and it could be for a different reason than you may think.

onthego

Thanks for the replies.
I have deleted a lot of personal info as things have moved on now.