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  • FIRST POST
    • kah22
    • By kah22 13th Jun 18, 11:28 PM
    • 1,477Posts
    • 569Thanks
    kah22
    How To Build ACresit score
    • #1
    • 13th Jun 18, 11:28 PM
    How To Build ACresit score 13th Jun 18 at 11:28 PM
    Iíd like some information/advice.

    My nephew hasnít a credit rating, heís never bought anything on credit, certainly not anything like a big ticket item. If truth be told heís been pretty cavalier with his money; but never had any bad depts

    He is now trying to build up a credit rating (heís trying to become self employed)

    Heís got one of those £300 credit cards and aims to buy a few things each month paying it off at the end of the month. While the card is in his name the money will come out of his partners account. He gives her the money

    So question one. Giving what Iíve said above how long should it take in order to get a normal card, if there is any such thing as normal where credit is concerned?

    While the card is in his name itís been repaid from his partners account, does that really matter in the campaign to get him a credit rating?

    And of course any other steps he might take

    As always many thanks for your advice

    Kevin
    Politicians have had three votes on Brexit and theyíre looking for a fourth! Why canít we have a second one?
Page 1
    • Gary_Dexter
    • By Gary_Dexter 13th Jun 18, 11:38 PM
    • 4,456 Posts
    • 2,871 Thanks
    Gary_Dexter
    • #2
    • 13th Jun 18, 11:38 PM
    • #2
    • 13th Jun 18, 11:38 PM
    No one has a credit rating. Or score.

    You have credit history on credit files.

    Define a normal card?

    To build a history use the card each month and pay off in full.

    It matters not where the payment comes from so long as itís paid
    • Krisko
    • By Krisko 13th Jun 18, 11:40 PM
    • 60 Posts
    • 10 Thanks
    Krisko
    • #3
    • 13th Jun 18, 11:40 PM
    • #3
    • 13th Jun 18, 11:40 PM
    So question one. Giving what I!!!8217;ve said above how long should it take in order to get a normal card, if there is any such thing as normal where credit is concerned?
    Originally posted by kah22
    He could try a mainstream lender in 6-12 months, but they will most likely want him to have an income too.
    Last edited by Krisko; 13-06-2018 at 11:43 PM.
    • DCFC79
    • By DCFC79 14th Jun 18, 7:15 AM
    • 34,192 Posts
    • 21,604 Thanks
    DCFC79
    • #4
    • 14th Jun 18, 7:15 AM
    • #4
    • 14th Jun 18, 7:15 AM
    Why is he not using his own account to pay the credit card off ?
    Last edited by DCFC79; 14-06-2018 at 7:25 AM.
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