Sick Of Not Being Able To Get Credit?

At 18 I got a contract mobile phone, It got stolen one night, I had no insurance, Got a large bill which I could not pay so I ended up getting a default, but now at 27 I still can%26#039;t get credit, I can%26#039;t get a mortgage, I can%26#039;t even get a current account.

I got a copy of my credit report and there is nothing on there,I.E credit searches in last 12 months 0, credit score 503, 1 star rating, = You will find if extremely hard to obtain credit, well isn%26#039;t that true, I went to a computer shop tonight to buy a new PC on finance I got turned down and was really embarassed, Am I going to be tortured with this for the rest of my life???

I%26#039;m baffled as to why I am declined? I only apply for something once a year, I%26#039;m registed to vote, I%26#039;m just really fed up as I own nothing, When I had my contract mobile my bill was always paid on time so I pay credit back yet no one will give me a chance over something that wasn%26#039;t my fault.

Is there anything I can do?

Sick Of Not Being Able To Get Credit?

Number one ; you should have had the phone insured so you would not have been in that position in the first place.

Number two: try to get a contract phone with another company - low risk to them and it gets put on your credit file., and get a sub prime credit card like Capital One...they will start you off on a 鎷?00 or so limit. Pay all on time and wallah everyone else will throw money at you.

That is the answer to your question...but... do not let it take over your life and ruin it. Money is just a way of people who control you getting more and more from you...think of the drug pusher...gives you the first taste...well believe me, banks and credit card companies are Worse.!!!!!!!

Sick Of Not Being Able To Get Credit?

Go buy something that you will have to pay %26quot;on time%26quot; ( i.e. Sears, etc) not rent a center because I don%26#039;t think that will boost your ratings. Take a small bank loan and make payments on the loan. The object is to establish credit.

Sick Of Not Being Able To Get Credit?

To be honest I had same problem and the thing is you need credit to get credit mad I know .I had the same problem and have a step account with natwest been with them 6 years andstill unable to upgrade then I got a Capital 1 credit card high intrest I know but since this I have been able to get credit everywhere...Try debtbusters web site to see if you can get a credit card as have loads of options..

Good luck

Sick Of Not Being Able To Get Credit?

Hum..you never mentioned %26quot;income%26quot; or how you handle your bills (if you have any, I would assum you do pay rents and stuffs like that...) when you described your situation. The very fundamental for you to be able to have credit is to have the ability to pay back the money you owe. If you have a STEADY income and maintain a good standing with your checking account, that means you have good relationship with your bank. You have to be with the bank for at least a year or two...then try to apply for the bank%26#039;s credit card. So have your fundations of income, good standing checking account with good relationship with your bank, then try to apply for the credit card then start to built up your credit by paying on time.

Sick Of Not Being Able To Get Credit?

Make a step back and get all 3 credit reports: Equifax, Experian and Callcredit (UK); you will never get a clear picture from 1. You can get the 3 of them at www.checkmyfile.com.

You might found that you have that default mentioned in one of the reports, or something like that, but you will know what to do then.

Sick Of Not Being Able To Get Credit?

You can write to the mobile phone company and ask them to put a notice of correction on your credit file to remove the default. A default will remain on your file for 6 years after it has been satisfied - i.e paid off. If it%26#039;s still not been paid off it will be showing as an outstanding default and you will not get any credit.

You need to call the mobile provider to get this cleared up asap.

To start re-building your credit file the first step would be a current account but you need to get sorted out with a correction first.

Sick Of Not Being Able To Get Credit?

yes, don%26#039;t worry at all, it%26#039;s not as bad as you think. just don%26#039;t miss any future payments as this will up your score. try, www.haven-finance.co.uk a friendly and proffessional service who cater for people with low credit ratings and offer very good deals.