credit, loans etc

[justasking]

Hi, at the minute i am earning roughly �13.000 a year working but i have been staying with friends so i can't get credit, I am moving in with my dad next week, do you know roughly how long it will be until i will be ellegable for credit cards, loands etc? Thanks in advance.

[Kathyan]

It may seem stange but until you have had credit, you won't be able to get credit! Are you on the electoral register? This will help. If you have a bank account and are employed, try the bank for a credit card. Buy something inexpensive with it and pay it off in full at the end of each month. This will give you a credit history. This is what my daughter did and she now has an excellent credit record.

[justasking]

No i am not on the electoral register, do you know how i get on it?

[Oneeyedvic]

contact your local counicl offices - they will arrange for it to happen

[Buenchico]

As has been stated, you might have considerable difficulty in getting credit if you're not on the electoral roll. (If you're 18 or over, it's a criminal offence not to register. Annual registration forms have recently been posted out so, if your father knew that you'd be moving in, he should have included you on his form).

Once you've got that sorted out, you still need to find a company which will give you some initial credit, so that you can build up a good record. Capital One have a good reputation when it comes to giving a credit card to people with a poor (or non-existent) credit history. Their interest rates can be rather higher than with some other cards but you can start with Capital One, build up a good record, and then move on elsewhere:
http://www.capitalone.co.uk

Chris