Credit rating

[betterdaysarecomingg]

I'm trying to repair years of damage to my credit rating from an ex.

I was with him from a young age (17) and he was 7 years older than me and completely took advantage and got a lot of credit out in my name without me knowing and has now left me in thousands of debt.

I only work part time atm due to children so obviously can't afford to lump off debt, im paying small amounts off everything to keep them at bay. No more interest or anything is getting added so they're slowly but surely coming down. Of course ex won't pay for any of this debt, the same as he doesn't pay anything towards DC.

Anyway, will my credit rating ever really repair? Once my debt gets lower, my children get older and the position to earn more comes, will my credit rating ever allow me to buy a house for example?

I get obsessed with the numbers on the likes of Experian and it NEVER seems to move, some times it even randomly goes down and I don't get why.

Will I get to a point where it'll climb nicely?

My sister went through the exact same thing. Realistically, it won't shift dramatically until you pay off the debt.

Onlybthibh you can do it try and restructure the debt so it's less by contacting the companies and coming up with a debt management plan.

It will but it will take time. Keep paying keep advancing your salary. It will happen (admittedly slowly).

try not to let the numbers get you down. Maybe track the payoff amounts instead to give you a boost.

Have you tried to get the debts written off? There's lots of advice out there in order to do so, especially if you should never have been given credit.

It will take time to do this I should think.

OP try not to focus on the numbers, they don’t really mean anything they’re just a signifier of your credit’s health.

What you need to focus on is what you will need in terms of credit and if a soft search or hard search will be performed. If you have CCJs, make them a priority to pay them off.

Debts fall off your account after six years in the UK too so bear that in mind.

Keep squeaky clean from now on, and you will eventually get there. I turned it around and got a mortgage after some bad decisions around payday loans as a student!

And BYW paying off debts won’t magically give you an amazing score. Even if you paid them all off - the score takes into account that you defaulted in the first place.

Honestly it will. Maybe a decade ago mine was 500odd and now it’s 996.