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Barclays Premier Account - No Overdraft
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NewToTheUkAgain wrote: »In my opinion having an overdraft and showing that you act responsible with it, IE using it rarely shows that you can be trusted more.
But again I do not have the scorecards and maybe I am wrong.
Using an overdraft is not seen as a positive when trying to build a credit history.0 -
NewToTheUkAgain wrote: »In my opinion having an overdraft and showing that you act responsible with it, IE using it rarely shows that you can be trusted more.
But again I do not have the scorecards and maybe I am wrong.
In my opinion having an overdraft and showing that you act responsible with it, IE using it, rarely shows that you can be trusted more.
In my opinion having an overdraft and showing that you act responsible with it, IE using it rarely, shows that you can be trusted more.0 -
As you've discovered this is Barclays policy, don't expect them to be able to change this policy to suit you.
Have you considered applying for a credit card instead? This would provide you with an emergency cash facility roughly analogous to an overdraft, and has the added benefit of building credit. In the case of Barclaycard, you get a bimonthly Experian credit score for free, so you can track your progress.: )0 -
maverickeastman wrote: »As stated the loan was purely as a credit building mechanism, as the credit cards I received before the loan was taken had incredibly low limits. (hovering around £250). I foolishly wanted a high value loan, to repay it, so that I would build confidence and my credit standing. Stupidly enough - one of the selling points that Amigo used was that this would build my credit history. Stupid me!
M
loans are not good for credit building, they count as 100% utilisation, and also not every loan is equal, payday loans are considered way down from even subprime cards.
Best way to build a history is a get a subprime card, low limit doesnt matter, do some of your normal spending on the card, and pay it off in full each month, no interest, no costs at all, and you improve your credit worthyness.0
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