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!
1st Credit Report
whambam
Posts: 526 Forumite
Hi,
How long does it take for credit reference agencies to produce your first credit report if you have never had a bank account before?
3 or 6 months i assume? Does it depend the number of transactions you do that will decide if it's 3 months?
Also, do you start with a low credit rating and this requires to be built up over years to 1000 or 950? I could remember mines was about 900 with experien when I first got a bank account it dropped due to a couple of missed payments. I can't remember how long it took to get my first report?
Anyone know?
How long does it take for credit reference agencies to produce your first credit report if you have never had a bank account before?
3 or 6 months i assume? Does it depend the number of transactions you do that will decide if it's 3 months?
Also, do you start with a low credit rating and this requires to be built up over years to 1000 or 950? I could remember mines was about 900 with experien when I first got a bank account it dropped due to a couple of missed payments. I can't remember how long it took to get my first report?
Anyone know?
0
Comments
-
It should be immediate.
Always ignore the credit scores they give you. They're worthless and not used by lenders.0 -
I was blissfully unaware of credit reports for the first 30 odd years of my life, can't say I'm any the better off for knowing lolI’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it 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.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0
-
Agree with the above ignore credit scores it's just a way of selling you something you don't need0
-
sourcrates wrote: »I was blissfully unaware of credit reports for the first 30 odd years of my life, can't say I'm any the better off for knowing lol
Haha, me too !!!:D0
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
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards