Credit file, defaults and mortgage

Gigi1982

Hi, new the forum but would appreciate some advice. I’ve recently paid off my debt, I’ve been budgeting for the past year and have really enjoyed it. I love seeing our money grow and we are definitely living within our means now plus saving up a nice healthy emergency fund. My credit file is atill recovering from the missed payments over the years. Plus two defaults I acquired early 2019. My question is our mortgage term is up March 2021 and I’m extremely nervous. I know the defaults aren’t going to disappear but should I be doing more in show I am managing my finances now. I have one credit card which has a £200 limit. The balance has been £0 for nearly a year. Should I start using it and pay it off every month to show I can use credit responsibly or should I just leave it? Thanks! 

[Deleted User]

You should use it. Otherwise your only credit history is the bad stuff. 

Start adding good stuff.

mrluke

Gigi1982 said:

Hi, new the forum but would appreciate some advice. I’ve recently paid off my debt, I’ve been budgeting for the past year and have really enjoyed it. I love seeing our money grow and we are definitely living within our means now plus saving up a nice healthy emergency fund. My credit file is atill recovering from the missed payments over the years. Plus two defaults I acquired early 2019. My question is our mortgage term is up March 2021 and I’m extremely nervous. I know the defaults aren’t going to disappear but should I be doing more in show I am managing my finances now. I have one credit card which has a £200 limit. The balance has been £0 for nearly a year. Should I start using it and pay it off every month to show I can use credit responsibly or should I just leave it? Thanks! 

Im pretty sure if you are just getting a new rate from the same provider at the end of a fixed term.. They don't credit check.