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    • Dr Wu
    • By Dr Wu 11th May 18, 10:53 PM
    • 131Posts
    • 35Thanks
    Dr Wu
    credit score in advance of mortgage application
    • #1
    • 11th May 18, 10:53 PM
    credit score in advance of mortgage application 11th May 18 at 10:53 PM
    Hi


    Youngest daughter is 22, lives at home and works full time. She is planning to buy her first home in approx one years time and is saving hard for the deposit. She just realised that she probably needs a credit score to get a mortgage so I was wondering if anyone here had some suggestions as to the best way to achieve this. She's just applied for a credit card which she will spend approx 50 on then pay off in full every month and she has a mobile phone contract.
    Just wondering if there was anything else she could do to build up her score over the next 12 months or so?


    Thanks in advance
Page 1
    • Krisko
    • By Krisko 11th May 18, 11:13 PM
    • 56 Posts
    • 7 Thanks
    Krisko
    • #2
    • 11th May 18, 11:13 PM
    • #2
    • 11th May 18, 11:13 PM
    That's about it. Keep using the credit card and paying it off in full every month.

    If she's spending more than 50 a month it wouldn't hurt using the card a bit more (if her credit limit allows it).
    • worried jim
    • By worried jim 11th May 18, 11:21 PM
    • 9,508 Posts
    • 14,634 Thanks
    worried jim
    • #3
    • 11th May 18, 11:21 PM
    • #3
    • 11th May 18, 11:21 PM
    No such thing as a credit score, lenders lend on credit history and affordablity. Make sure she is on the voters roll, besides that just paying bills on time and living within her means should do it.
    "Only two things are infinite-the universe and human stupidity, and I'm not so sure about the universe"
    Albert Einstein
    • Dobbibill
    • By Dobbibill 12th May 18, 8:23 AM
    • 3,300 Posts
    • 4,225 Thanks
    Dobbibill
    • #4
    • 12th May 18, 8:23 AM
    • #4
    • 12th May 18, 8:23 AM
    She needs to build up history that demonstrates to a lender that she can be responsible with their money.

    Make sure she is on the ER.
    Pay the CC off once the statement has been produced and not before otherwise it will report a zero balance which is pointless.
    Make sure her mobile is paid on time without fail.
    Don't use an overdraft.

    Her current account should also report into the CRAs. She could think about getting another one (one for bills, one for spending etc)

    Check all 3 files for free using the alternatives below
    Experian via Credit Club
    Equifax via Clearscore
    Call Credit via Noddle

    Save as much for a deposit as possible.
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    • DCFC79
    • By DCFC79 12th May 18, 8:34 AM
    • 32,544 Posts
    • 20,476 Thanks
    DCFC79
    • #5
    • 12th May 18, 8:34 AM
    • #5
    • 12th May 18, 8:34 AM
    She first of all needs to check her files at the 3 agencies mentioned, totally money is another option who get the data from 1 of the 3 agencies.
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