Dr. Nick Riviera Posted July 24, 2007 Report Share Posted July 24, 2007 now, before you all jump down my throat about apr and how stupid they are;I HAVE NO INTENTION OF USING ONE EVER.right, now i've just turned 18, and in a few months will be looking at renting somewhere of my own to live, and i feel that having a good credit rating can only help me in this.so, can anyone shed any light on credit card companies that are gagging to get some stupid 18 year olds into masses of debt, because i think all of the major places will just deny me.the plan is to cut it up as it comes through the door, so i will never have to deal with it again, but i am left with something resembling a credit rating.this could be the stupidest idea ever, but it makes sense to me.so any help is very much appreciated.ta. Quote Link to comment Share on other sites More sharing options...
JTM Posted July 24, 2007 Report Share Posted July 24, 2007 Well you only get a credit rating by making payments on time etc. So thats pointless Quote Link to comment Share on other sites More sharing options...
Dr. Nick Riviera Posted July 24, 2007 Author Report Share Posted July 24, 2007 you get a credit rating for having a card over a period of time, it counts for points or something, so if i have a long running account that's well in the green, it can only do good? Quote Link to comment Share on other sites More sharing options...
trialsalot Posted July 24, 2007 Report Share Posted July 24, 2007 An easy way to get your credit rating good is that if you have a contract phone it helps. so long as you dont default payments on credit cards or phone bill then your rating will get better. one thing to bear in mind that finance companies have whats called "buckets". 30 days over due, 60 days over due, 90 days over due etc etc. if you default once its just known as "past due",this is bad but if you can quickly make a payment over the phone you can ask them nicely (prepare to beg) to take the "mark" away from your name. after past due you go into 30 days over due then it starts getting serious and in every stage of payment delinquency you accrue a "mark",interest and its damn hard to get back out of all this.best thing is to start off with the phone imo then try with a loan etc. just make sure your in full time employment (at least 16hrs i think minimum).finace companies,mortgage providers are just looking for solidarity and uniform payments.sorry i went a bit off topic.i am pretty sure i've missed something but someone can correct or add.craig Quote Link to comment Share on other sites More sharing options...
Dr. Nick Riviera Posted July 24, 2007 Author Report Share Posted July 24, 2007 getting a contract phone, have to buy myself a credit rating for it by depositing £100 (i get it back in 6 months) so i'm doing that already, just looking to improve upon it all really. Quote Link to comment Share on other sites More sharing options...
JTM Posted July 24, 2007 Report Share Posted July 24, 2007 You dont get a credit rating for an account sitting there doing nothing. If you pay monthly credit card bills on time, your rating will increase. Quote Link to comment Share on other sites More sharing options...
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