Meet the Other Phone. Protection built in.

Meet the Other Phone.
Protection built in.

Buy now

Please or to access all these features

Money matters

Find financial and money-saving discussions including debt and pension chat on our Money forum. If you're looking for ways to make your money to go further, sign up to our Moneysaver emails here.

How to improve my credit score?

1 reply

OvariesBeforeBrovaries · 26/07/2017 16:51

I've just done the soft search on MSE on my credit score and it's 866, so Fair. DH has credit cards etc and his score is 993 the jammy bugger Hmm

I have no defaults, no outstanding debts except the water bill which is paid on time every month, nothing showing up on my report that is bad in any way... and yet my score is so low :( I was in my overdraft a bit when I was a SAHM but it was only a £250 overdraft, never went over it and am now out of my overdraft now I'm working. DH pretty much lives in his overdraft so I'm even more jealous of his score!

Do I need to get a credit card to boost my score? I have ADHD so I can be financially impulsive (although I've managed to rein it in without doing any damage so far!) and I'm worried that if I had a credit card I'd be putting our family's finances at risk. Does store credit count as credit? So if I take out finance on a purchase that I need to make (laptop from PC World), does that improve my credit score if I pay it back on time every month?

We are looking to start saving for a house so I would like to improve my credit rating as much as possible.

OP posts:
AngeloftheSouth84 · 26/07/2017 20:30

The reason his score is better is because he has credit cards, so has a track record of managing credit.
But bare in mind that your credit score means absolutely nothing. If you are worried about being declined for credit, banks etc use their own scoring methods.

New posts on this thread. Refresh page
Swipe left for the next trending thread