Meet the Other Phone. A phone that grows with your child.

Meet the Other Phone.
A phone that grows with your child.

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.

Credit ratings/reports - how do they work?

4 replies

JudyJones · 04/07/2008 20:43

Just got an Equifax credit report for my DH after he was unexpectedly turned down when trying to sign up for a mobile on a monthly plan. Turns out his credit rating is DIRE, because, it seems, they have no trace of any previous credit agreements and somehow they think he is not on the electoral roll. Argh!

For a start, can this be all? Seems odd that he would have the worst possible rating, when he is financially blameless - not like he's defaulted on anything or had a million credit cards.

In terms of improving his rating, getting the electoral roll thing sorted and letting them know about his credit card will surely help. But how much? And what else can we do? There are countless household bills in our names that are always paid on time and a current account on which he has an overdraft. Do they count?

OP posts:
JudyJones · 07/07/2008 09:09

Bump?

OP posts:
Tortington · 07/07/2008 09:12

no its about borrowing and reliability of paying it back - at the moment they can't prove that you would.

credit card would do it - as would buying something from catalogue and paying it back.

HollyGram · 07/07/2008 09:13

yes credit card from cpaital one (who give small payment credit cards) or a catalogue or a mobile phone contract.

JudyJones · 12/07/2008 21:44

Thanks Custardo and Hollygram -- hadn't thought of the catalogue thing (and do love an excuse to shop)...

OP posts:
New posts on this thread. Refresh page