Need some help

Candyapple

It doesn't matter how you pay - a DD is just easier in case you forget, become ill etc.

Your lack of job is the single biggest factor of what is causing lack of offers for better cards. That and probably your age (I'm guessing you are quite young) not long enough on electoral roll, living with parents etc.

Ebe_Scrooge

Candyapple wrote: »

It doesn't matter how you pay - a DD is just easier in case you forget, become ill etc.

This. No, it doesn't matter how you pay. But if your primary aim is to increase your credit history, then it's really really really important to pay in full, on time, every month. A Direct Debit just removes the risk of you forgetting, or if you're away on holiday, or your internet goes down, or whatever.

When you set up the DD, you'll be given the option of paying the minimum amount, a set amount, or the full balance. Just select the option for "pay the full balance".

Caz3121

DarrenW80 wrote: »

I had the loan to pay for a new PC, I could of bought it cash but wanted some credit history and can afford all the repayments. At the time Likely Loans were the only loan company that would offer me a loan without a guarantor.

what APR is this loan? - they advertise 48.9%!!! looks like they may come under "short term loans" which have a negative effect on your record rather than positive

DarrenW80

Caz3121 wrote: »

what APR is this loan? - they advertise 48.9%!!! looks like they may come under "short term loans" which have a negative effect on your record rather than positive

When I checked it on Noddle it was not coming up as a short term loan or what they call a pay day loan but yes I must admit the APR is very high. I will not be applying for anything like this again. I only have 6 more payments to pay as I had the loan on the shortest term which was 12 months. I can afford the repayments and as it's only until July of this year I may as well let it run now. Think I paid £700 in interest on top of my £2,000 loan from them altogether and yes I know it was a very very silly idea.

Caz3121

DarrenW80 wrote: »

I can afford the repayments and as it's only until July of this year I may as well let it run now. Think I paid £700 in interest on top of my £2,000 loan from them altogether and yes I know it was a very very silly idea.

given that you have the money, why not ask for a figure to pay it off now and save 6 months interest?