Hello! After some general advice on how to improve my credit rating.
Five years ago I came into a large sum on money and cleared all of my debt (it was about 20K)
At the time I had a next account with about 2k on it, which I cleared. Stupidly I didn't close it, and spent it all again.
In the last month I have cleared the next account back to zero. I also cleared my Very account which was at about £1000 following Christmas gifts.
Despite paying well above the minimum, my credit rating had been falling and falling and was In the 'very poor category.
I paid for a credit file check and found an old default - five years ago for Orange mobile phone for £25!!!! It has been listed as default for 5 years. I didn't even know about it. I've paid it now, and the default company had my current address but didn't bother to write to me to Chase the debt.
I had another default for £101 following a dispute with Vodafone, this was paid a month ago as well.
I have a £200 overdraft, no loans, credit cards or car finance.
I appreciate I'm extremely lucky at 41 to have no debt at all.
I want to improve my credit rating. How do I do it. I need to close the next account as I'm not strong enough to resist temptation and not spend. Is there a way it will get better if I just keep my credit at zero?
I've fought with my mental health so much I really struggled to manage my finances. Finally, mentally I've started to become well, but I am still paying for being too ill to manage my finances. It would make me so happy to have a 'good' credit rating for once in my life.
Any tips appreciated xx
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26 replies
binkyblinky · 07/06/2020 18:28
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