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No current account on file
jonnygee2
Posts: 2,086 Forumite
I currently have three current accounts:
1) Metro Bank
2) Starling
3) Monzo
I really want to close the Metro account, which has been inactive for some time. The only problem is that neither Starling nor Monzo report to Experian. So, if I close the Metro account, there won't be a current account on my Experian file at all.
The next thing I'm likely to need to apply for is a remortgage in about 5 years. Is having no current account on my file going to affect applications, does anyone know? Am I best just to keep Metro open?
1) Metro Bank
2) Starling
3) Monzo
I really want to close the Metro account, which has been inactive for some time. The only problem is that neither Starling nor Monzo report to Experian. So, if I close the Metro account, there won't be a current account on my Experian file at all.
The next thing I'm likely to need to apply for is a remortgage in about 5 years. Is having no current account on my file going to affect applications, does anyone know? Am I best just to keep Metro open?
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Comments
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Assuming you have other credit history, it's not important either way.0
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Starling report to all 3 CRA’s for me0
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Starling report to all 3 CRA’s for me
Interesting. Do you have an overdraft with them?
I don't have an overdraft, and my account with them doesn't show on equifax or experian.0 -
Nope no overdraft0
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Interesting. Do you have an overdraft with them?
I don't have an overdraft, and my account with them doesn't show on equifax or experian.
If you want to get a good credit history, 5 years is ample time.
Ask your bank for a credit card and use it monthly, pay off in full via direct debit every month. Get a contract mobile (or sim only deal) and pay that off every month. That shows you are a good borrower and have good money management and will put your credit history in good stead for the mortgage.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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If you want to get a good credit history, 5 years is ample time.
Ask your bank for a credit card and use it monthly, pay off in full via direct debit every month. Get a contract mobile (or sim only deal) and pay that off every month. That shows you are a good borrower and have good money management and will put your credit history in good stead for the mortgage.
Thanks Nasqueron! I have plenty of good history (credit card paid off monthly for the last 6 years, phone contract, and a mortgage).
My worry was more around not having a current account at all on there, but seems like that's probably not a problem?0
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