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Hi all,
This is my first post and I'm in dire help. my partner and I, are currently trying to build our credit scores. Due to circumstances over the last few years (work income mess-ups, not applying to UC soon enough etc), we had to rely at times on payday loans and miss some payments to phones etc to be able to pay rent and other bills.
We have tried our best and are now on track after realizing we could receive UC on top of my partner's rent (we were loving on under £1000 a month with £600 rent). We have some inheritance coming in the next 4 years which will be used to purchase a house for us and our daughter. Due to this, we are really needing to increase our score the best we can.
My advice will be hugely appreciated!
Originally posted by Inshanity666
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There isn't a magic bullet.
All you can really do is make sure the information on your credit files is correct.
There are some types of credit that are easier to get. SIM only mobile phone contract and catalogue accounts for example. You could use them wisely to build up positive repayment histories.
Having said that, a £5/month SIM only contract and £200 limit on a Very account probably isn't going to make
that much difference.
Time will make the biggest difference. Older information on your credit files will affect you less and eventually drop off.