Credit card @ 18

alb4rtj

Ebe_Scrooge said:

alb4rtj said:

Just to update this for any future readers - I started a LOQBOX (basically a pretend loan to build your credit score).

It's a shame that your score means nothing, and is not used or even seen by lenders.

Making regular repayments to a credit agreement of any sort (loan, credit card, mobile phone contract, etc.) will start to build up a favourable credit history, which is what really counts.  I do hope, though, that you didn't pay anything for the privilege of using LoqBox?

Just meant to build a positive credit history sorry.

It's basically a savings account, you either have to pay £30 to withdraw at the end, or if you open a new bank account with their partner banks and transfer it it's free. Not great but can just close the account.