Low credit score 9 October 2019 at 8:13PM edited 9 October 2019 at 8:14PM in Credit File & Ratings 23 replies 1.1K views

Ashley0161

Hi all....

New to the site and forums , so go easy ...

I’ve just returned from living abroad and my credit file and credit score is almost none existent...

I’ve got a new bank account with Lloyd’s , and a sim only contract with three....but I can’t seem to get anything else... (I’ve done a eligibility checker for credit building credit card) and was told my credit score is to low....

I don’t know what else I can do to get my score up????

Any advice ??

Thanks in advance

Willing2Learn

How long have you been back in the UK?

How long have you lived at your current address?

Have you put yourself on the Electoral Register at your current address?

Ignore your 'credit score' as lenders neither use it nor see it.

nic_c

It's not your score that is too low, bu your history too short. Nothing but a new bank account (the sim only might not show), so a high risk. You need to wait and build some history - which credit building card did you try?

Ashley0161

Thanks for replying ....I’ve been back since July ...at the address since July ...I have done the electoral roll and they have sent me a letter saying I will be added on the 1st November 2019 .....

Ashley0161

I did the capital one check, it said credit score to low ...I tried marbles and another one too....all said no 😩

Willing2Learn

Ashley0161 wrote: »

...I’ve been back since July ...at the address since July ...I have done the electoral roll and they have sent me a letter saying I will be added on the 1st November 2019 .....

Be patient. Wait until your registration with ER has been completed and recorded on your three credit files before making any more applications.

Ashley0161

On my credit file now my Lloyd’s bank account is showing and the three contract is showing also ...but that’s it

Ashley0161

Ok will do thanks ....I’m guessing it will be next year now before it shows on my credit file?

As I was told that the register is updated in December then it takes about 6 weeks for credit ref agency’s to get it and update?

Willing2Learn

Ashley0161 wrote: »

...I’m guessing it will be next year now before it shows on my credit file?

As I was told that the register is updated in December then it takes about 6 weeks for credit ref agency’s to get it and update?

Just keep checking your three credit files from November onward and eventually your ER will be recorded. Once that happens, you should be able to get a card from maybe Lloyds (your bank) or from one of the sub-prime options...(CapitalOne, Aqua, Vanquis)...

Ashley0161

Ok thanks ...patience isn’t my best feature , but I guess I’ll just have to wait ����

The bank wouldn’t even (and still won’t ) add an overdraft to my account ..I’ve read having one but not using it can help build credit score ??

Willing2Learn

You have already got the easy-to-get credit accounts, (your Lloyds current account and your SIM only mobile account. It is easier to get a card than getting an overdraft. And yes, having an overdraft and not using the facility would build positive credit management data on your credit files.

But like I said, you should ignore your score. Just focus on building positive data in your credit file, so that you look more attractive to lenders.