Crosswords1 min ago
Credit Rating
49 Answers
Not sure where to post this but would like to know if my friend is correct.
I don't have a credit card (don't believe in them) only a Debit card linked to a current account which never goes below £100. Our mortgage was paid off years ago. I don't have store cards and I have no debts at all - having been taught in life that if I can't afford something I save up for it.
When telling a friend, she said if I don't even have a credit card it would give me a bad credit rating - black mark against my name if ever in the future I needed to be checked. Surely not? Was she joking please?
I don't have a credit card (don't believe in them) only a Debit card linked to a current account which never goes below £100. Our mortgage was paid off years ago. I don't have store cards and I have no debts at all - having been taught in life that if I can't afford something I save up for it.
When telling a friend, she said if I don't even have a credit card it would give me a bad credit rating - black mark against my name if ever in the future I needed to be checked. Surely not? Was she joking please?
Answers
Best Answer
No best answer has yet been selected by Ann. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.It will effect your credit rating, your credit rating is scored by previous history of credit and how reliable you were paying it back etc, if you haven't had and recent credit they cant judge you on your recent history.
Thats not to say it will give you a poor rating, it will probably be an "average" of "fair" rating.
No such thing as "black marks" to my knowledge.
Thats not to say it will give you a poor rating, it will probably be an "average" of "fair" rating.
No such thing as "black marks" to my knowledge.
I think as it is paid on DD it will be seen as regular payments and will help your credit score.
You could just check your credit score by going to http:// www.exp erian.c o.uk/ex perianh ome3/?s c=41000 6&i nfinity =gaw~Br and%2BU K%2BENG %2BSPAR T%2BDES KT~BRAN D%2BCSC OR%2BEX ACT%2BE xperian %20Cred it%20Sc ore~263 4127195 0~exper ian%20c redit%2 0score~ e
You could just check your credit score by going to http://
Don't know why are so against credit cards, Ann. I make over £100 a year just for using one - I never pay interest as I always pay it off in full every month, so it costs me nothing.
It also gives me protection in the event of the shop going bankrupt before I receive my goods, or if there is any problem with the goods or service (providing the value of the item is over £100).
My credit score is 999.
It also gives me protection in the event of the shop going bankrupt before I receive my goods, or if there is any problem with the goods or service (providing the value of the item is over £100).
My credit score is 999.