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  • FIRST POST
    • nicetomeetyou
    • By nicetomeetyou 17th Sep 19, 8:22 PM
    • 217Posts
    • 71Thanks
    nicetomeetyou
    Improve my credit history?
    • #1
    • 17th Sep 19, 8:22 PM
    Improve my credit history? 17th Sep 19 at 8:22 PM
    Am I doing the right things to improve my credit history?

    I have a virgin mobile contract (which would be considered a high brand model phone)
    I have a 500 overdraft facility with nationwide (not overdrawn)
    I have a flex plus account with nationwide.
    I have a Vanquis credit card for 500 (currently owe 20.90)
    I have one account with Jacimo for 150
    I am still unable to get a mainstream credit card. What other things should I do to improve my credit history?
    Last edited by nicetomeetyou; 17-09-2019 at 8:28 PM.
Page 1
    • zx81
    • By zx81 17th Sep 19, 8:30 PM
    • 23,830 Posts
    • 26,497 Thanks
    zx81
    • #2
    • 17th Sep 19, 8:30 PM
    • #2
    • 17th Sep 19, 8:30 PM
    Are you clearing the card in full each month?

    If so, all you need now is time.
    • nicetomeetyou
    • By nicetomeetyou 17th Sep 19, 8:36 PM
    • 217 Posts
    • 71 Thanks
    nicetomeetyou
    • #3
    • 17th Sep 19, 8:36 PM
    • #3
    • 17th Sep 19, 8:36 PM
    I am clearing the credit card every month.

    I'm not spent anything on the jacamo account, when I made the account they automatically give me 150.00 credit balance.
    I sometimes utilise my overdraft but never more than 100. It gives an option to increase overdraft if I wanted.
    I recently switched to the flex plus account, there is a fee of 13 a month for this account, will this be beneficial to helping improve my credit history?
    • zx81
    • By zx81 17th Sep 19, 8:44 PM
    • 23,830 Posts
    • 26,497 Thanks
    zx81
    • #4
    • 17th Sep 19, 8:44 PM
    • #4
    • 17th Sep 19, 8:44 PM
    No. Never pay for an account unless the benefits outweigh the costs.

    Stay out of your overdraft. It tells lenders you have no disposable income.

    Try for another sub prime card to add a wider variety of history.
    • Gary_Dexter
    • By Gary_Dexter 17th Sep 19, 8:49 PM
    • 6,557 Posts
    • 4,355 Thanks
    Gary_Dexter
    • #5
    • 17th Sep 19, 8:49 PM
    • #5
    • 17th Sep 19, 8:49 PM
    Packaged accounts aren’t reported as being packaged accounts.

    Keep out the overdraft.
    • NutWorld
    • By NutWorld 18th Sep 19, 8:36 AM
    • 50 Posts
    • 29 Thanks
    NutWorld
    • #6
    • 18th Sep 19, 8:36 AM
    • #6
    • 18th Sep 19, 8:36 AM
    Am I doing the right things to improve my credit history?

    I have a virgin mobile contract (which would be considered a high brand model phone)
    Originally posted by nicetomeetyou
    The model of phone you have will not be shown on any CRA file, only how you are conductiong the account. As long as you are paying the account every month on time and in full every month, then that'll be good.

    I have a 500 overdraft facility with nationwide (not overdrawn)
    Originally posted by nicetomeetyou
    If you are not using it, then it will not assist your credit history
    (although it may affect your ability to gain more credit, such as a loan or credit card, as you already have a line of credit available to you)

    I have a flex plus account with nationwide.
    Originally posted by nicetomeetyou
    Not sure the details of this specific account or how it may assist you or otherwise, sorry

    I have a Vanquis credit card for 500 (currently owe 20.90)
    Originally posted by nicetomeetyou
    As long as you are paying it off every month in full and on time, that is probably good.

    I have one account with Jacimo for 150
    Originally posted by nicetomeetyou
    If you are not using it, again it will not assist you, but may hinder you as it is another line of credit already available to you

    I am still unable to get a mainstream credit card. What other things should I do to improve my credit history?
    Originally posted by nicetomeetyou
    Read this
    https://www.moneysavingexpert.com/loans/credit-rating-credit-score/

    Why do you want a mainstream credit card?
    You have a credit card with a 500 limit, and you only have used about 20 this month.
    It'll be accepted at all the same places any other mainstream card will be.
    As I said, hopefully you are paying it off in full every month, in which case the high interest rate that may apply on the card won't affect you.
    Last edited by NutWorld; 18-09-2019 at 8:40 AM.
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