Credit Cards & low credit

[demon9374]

Apparantly I have low credit & no matter who I apply for I get rejected, even the so called "Poor Credit? No problem" reject me.

Thing is, I can't see my credit being bad.

I pay everything on time. I paid off a TV on littlewoods never having missed a payment, but that was 0% so perhaps no credit was given for that.

There's 2 things that could be buggering it up. But considering being independant for 4 years, paying rent/ctax/bills all on time. I would have thought my credit to be decent regardless of these 2 things.

1 - BT tried charging me for a bill, was bollocks, but I paid it off & switched to Sky, but I'm being pestered by debt collectors for the bill still.

2 - Orange, took a contract out for a gf, we split up, we both rang to switch it over to her name & bank, they only switched the bank details, she stopped paying. Debt collectors hassling me for money.

Both aren't seeing a penny.

My income is about 6955, but I also get tax credit which puts me on about 11,000

I've put Tenant, council tenant, full time, part time, rejected on them all based on credit being the reason :/

[Poseidon]

Two defaults and outstanding debts on your file will have hit your rating hard. Once you default on a debt/bill, that goes on your credit file and stays there for 6years.

There's a couple of things you can do to help improve your rating. Payday loans go on your credit file and they usually lend to anyone. I took out a 100quid wonga loan a few months back for 7days, paid it off after 3 and according to them, that'll have boosted my credit rating (was at risk of bouncing a bill with a 20bank charge, paid 5quid in interest instead )

Also look at Cashplus prepaid credit cards. I use one for holiday spending money, but they come with the option of "credit builder". I don't know the in's and out's of it, but from what I can gather, they "loan" you a pittance and pay it back over 6months or a year. I don't think you see any of the money, it's more or less done in your name. Whether it works or not I don't know as I've rarely paid any attention to my credit file. Apart from one day maybe needing a mortgage, if I can't afford it, I'd rather save up than take out credit.
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1977 Honda CG125
2002 Ducati Monster S4 (currently restoring)

[GSTEEL32]

Yea, the chances are that you havnt got 2 defaults, you'll have 4. What tends to happen is BT and Orange will consider you in default and pass the debt on.

The company now who have "bought" your debt will also class you in default, even thought its the same debt. So if you've not had much credit in the past, it'll now look like you default on more debt than you settle.

Risk profiles have changed dramatically over the past couple of years as credit has become more expensive, so "low credit/ low income" individuals are now seen as much more risky.

If the BT bill is genuinely a mistake, you might get that shifted by contacting BT direct. The orange debt however, you won't. Its in your name, irrelevant of which bank account is used to pay it.

Payday loans could be the answer, but you'd have to be very discaplined to literally use them as a tool to build credit.

[Louise]

[Joncrete Cungle]

Sign up for a free look at your credit score at Experian. https://www.experian.co.uk/ remember to cancel your membership before you get charged.

Join CAG https://www.consumeractiongroup.co.uk/forum/ and the helpful people on there will assist you in sorting your credit file out and rebuilding your credit score. You need to deny the existence of any debt to BT and fight to have wrongful black marks against your name removed.

[shereen]

[demon9374]

Cheers for advice guys.

It was mainly so I could buy some new PC parts, as OCUK do finance which got rejected, so I was looking into a card so I can get the parts now lol

The BT one I'm in process of getting sorted. Need to print bank statements off & sned them to the debt collectors along with a cease & desist. Provided they go "Yep yep we'll let him off" (which I doubt, because they're scum).. Is that is? My defaults from them gone? Would I have to ring BT to tell them it's been settle so that they rid my default?

Orange thing can suck my balls. Everything switched over on the phone (so I thought, Mr Foreign cuntflap).. turns out they only did the bank change.. I have an orange contract myself & they can see mine is paid on time, everytime. I'll be fucking them off once it's ran out.

Edit;

I'd get a loan, but them adverts are like 232349802349% APR. wtf? Provided they'd give me a loan lol..

Also, the monthly payments are like £12 over 36 months for them PC parts. Hardly breaking the bank. I could afford £12 a month even if I didn't work. Seems abit ghey.

Littlewoods have no problems doing 0% finance, got my TV off them & some other stuff.

Currently got finance on motorbike, will that boost credit over time, provided I don't default? Got my orange contract, sky tv & broadband, gas & electric, water, tv license, all direct debit. Probably other stuff I don't remember lol

Edit 2;

Right, been on Experian, very poor rating lol..

Guess where it's down to.. Nothing I can see about BT in there.. But Orange 5 payments late..

How to get rid of Orange then? I told them as did she to switch it all over, but instead they only did the bank change, phone got robbed, she stopped paying. Now they're after me. Which they shouldn't, why would I change just the bank details?

I could just play this one off as fraud & fuck her over? I dislike the bitch with a passion. As I doubt they'll do anything over the "changed account over" thing to shift the debt..

Also "The balance of your unsecured lending indicates a lower risk" is my only positive on Experian lol

[Joncrete Cungle]

STOP! In the name of love.

Don't apply for any other credit / loan 'til you have got your credit file sorted. Every application and refusal should be logged on your credit file and makes it even worse to the next company who refuse you, rinse and repeat.

Telecoms mobile / fixed should be your next port of call.

https://www.consumeractiongroup.co.uk/forum/forumdisplay.php?115-Telecoms-mobile-or-fixed

for dealing with Orange & BT.

[Poseidon]

[demon9374]

[GSTEEL32]

[demon9374]

There's no defaults concerning debt agencies either, the debts show as from orange communtications, 5 missed payments so far, which will keep on going I gather for the contract period. As 5 payments is about right for when we split up.

Even though..

1 - I have never touched the phone.

2 - The ex had it robbed when she was "spiked"

3 - Stupid forgeign cunts can't understand English when I ask to switch it ALL over to her.

The debt letter was about £450, so I'm unsure what the debt is for, those 5 months? What happens if I paid it, will they continue hassling me, as I think it was a 24 month contract..

Edit;

Forget the BT one. BT one isn't logged at all. The BT one is bullshit. I have paid it, many year ago. I rang the debt agency & he said it was billed from 2009-2011.. I haven't been with BT since 2010.. So where did 2011 come from? Told him to suck a cock politely on the phone, I've just got to print bank statements off & send them off with a cease & desist. 2010 was when I paid it, with BT directly with an argument with a scottish chap then I switched to Sky.

The orange one goes back 5 months, ish. Seems everymonth they're trying to bill £102 which is getting rejected (ex's bank) but logged against me as it's in my name, despite telling them to switch it all over 5-6 month ago.

[GSTEEL32]

So the orange one is a relatively new debt so it's important to nip it inthe bud. I suspect the 450 covers the cost of the remainder of the contract.

In which case, you'll have signed a contract agreement which will hold you to that amount. Its important you pay this off before it gets escalated.

I think your wearing this one, i doubt you'll be able to shirk it on account of it being your misses' phone now. Paying back £15 - 20 a month should be enough to get them off your back.

The BT bill sounds like its not a defaulted debt at all. It sounds more like an administration issue. As you say, having a bank statement with a payment (and more importantly the transaction ref) will be enough to satisfy them.

When you say your talking to a debt agency, is it a seperate company, or merely the collections department ? Who are you talking to at BT ?

[demon9374]

[angryjonny]

[GSTEEL32]

[Joncrete Cungle]

[demon9374]

Something else seems odd..

Why was finance accepted on a £2600 bike? I got the bike about 2 month after splitting up with the ex. So my credit would have been bad then..

[Joncrete Cungle]

[yaigi]

[demon9374]

[Imonster]

[demon9374]

[The Artist]

My credit rating is fucked due to me being an idiot when I was 18.

My plan is once I am fully sorted, don't owe anything I will not borrow a penny for 7 years then slowly build my rating up.

So much hard work to build a credit rating and so so easy to destroy it.

Only time I will consider borrowing is for a house. Cars and bikes and stuff can be saved up for.

[demon9374]

Fuck waiting 7 year.