Refused credit? The Credit Card Centre could be the solution to help you get credit
Many people find us after they have been refused credit by other companies. Perhaps you need credit, but because you have a poor credit history or no credit history, or are on a low income, credit cards might seem out of your reach.
You might have heard the term 'sub prime credit' - industry-speak for someone with no credit history or poor credit history; who finds it difficult to obtain credit from mainstream lenders. We see things differently and treat each case on its own merit
How to Improve Your Credit Rating
Before you set out to improve your credit rating, it's important to find out why it is low. If you don't know, ask to see your credit reference file to find out. (See what can you do about a bad credit score to find out how to do this.) Assuming you know why you have a poor credit score, there are a number of simple steps you can take to help improve your credit rating and build credit history:
Make sure you are on the electoral roll. It only takes a few minutes to register with your local council and it will help to improve your credit score over time
Pay bills on time. This will begin to improve your credit history and will again give you an improved credit rating over time
Be careful about the number of times you apply for credit. Every application is logged on your file and too many applications may not help your credit rating
When applying for credit never give false details, always tell the truth. If there are inconsistencies with past credit applications or details that are held on checking systems differ from your application it will effect your credit score
Start to build a credit history over time and when you check your credit reference file you should find an improved credit score
How can you improve credit ratings if you can't get credit?
Specialist credit cards like our Vanquis Visa Card are specially designed for people with bad credit. Even if you have been turned down by other companies, you may be accepted by us. As long as you manage the card properly, stay within your credit limits and pay promptly, this is a good way to build credit history and to improve your credit rating.
Managing Your Finances to Repair Adverse Credit Score
It’s easy to find yourself with adverse credit, but what can you do about it? Applying for an adverse credit card is one way to build your credit rating (see how to improve your credit rating page) but you should also be thinking about addressing how you got into this situation in the first place.
Tips on how to manage your finances more effectively
For some people, adverse credit starts as a result of a one-off event, like divorce or a health problem which puts strain on personal finances, but for many others, adverse credit is a result of mi s-managing personal finances.
Adverse credit is not as uncommon as you may think. The Citizen’s Advice Bureaus deal with over 5,000 people with debt problems everyday; average household debt (excluding mortgages) in the UK is over £8,000 and rising*. Rather than ignoring your situation and living with impaired credit and the complications it can bring, why not take a few simple steps to manage your finances better:
Set yourself sensible financial goals. Where do you want to be in 1 month, 3 months, 1 year and 3 years?
Write down your outgoings - the money you need to get by each month. Include all the essentials like mortgage/rent, council tax and utility bills, food shopping, travel to work.
Look at the money you have coming in; if it’s more than your outgoings, take the remainder and give yourself a budget to include on clothes, going out, paying off credit debts or building savings etc.
If the money coming in is less than your outgoings, think about what you can do to reduce your outgoings
Why not search online price comparison sites for items you’re looking to buy, in order to get the cheapest price
Search out the cheapest gas/electricity/water providers as you could make substantial savings throughout the year
How about turning your heating down a degree or two to reduce your heating bill and at the same time help the environment
Are there any non essential items that you can cut back on i.e. do you really need that extra pair of shoes?!
Or try increasing the money you have coming in;
Maybe a new job
Gain some overtime at work
Can you turn an interest or hobby into an income earner
Could you have a car boot sale and raise money from old knick-knack’s that you no longer need or use
If it all seems too difficult - get advice. Your nearest Citizens Advice Bureau will be happy to talk through your financial situation and advise you what you can do about your debts.
What not to do
Whatever you do, don’t ignore demands for money, credit debts, council tax bills or the like. This is the fastest way to end up in an adverse credit situation, which is often avoidable. If you are having trouble paying debts, always talk to the company or entity involved or get independent advice.
** The UK Credit Card Centre has been designated as a Credit Intermediary under the Consumer Credit Directive(CCD) of 2011. The UK Credit Card Centre receives commissions from credit card referrals/applications and credit card sales.
personal Loans
You inevitably experience some financial difficulty at one point or another in your life. Sometimes, the only way out is to apply for personal loans. With so many offers out in the market, how can you get the best possible deal?
Loans have become inevitable to fulfill our small and big dreams. But at times, when you require a loan, the lender may reject your loan application because of various types of credit reporting problems. Bad credit loans can help you solve this problem. Banks, credit unions and finance companies are lenders of bad credit loan
At PaydayUK we work with Experian as our credit reference agency. This means that when you apply for a payday loan with us that we check your credit record in order to make a decision as to whether we lend to you, this would leave a footprint on your credit file. As soon as you repay your loan on your payday, we will report that to Experian, so that they will know that you have repaid your loan. This will help to rebuild your credit rating, as the credit referencing agency can see that you have repaid a loan. We will report this every time you take out a loan and repay it to us.
As you gradually improve your credit rating, you will find that you may be able to borrow larger amounts from us and apply for other financial products that you may have been refused for in the past.
Payday Loans are short term small loans, repayable in full on your next payday, also called Payday Advances.
They enable you to free up some cash straight away for anything from child care to a plumbing emergency, up to £750.
Welcome to Provident Personal Credit, Cash loans from £50 to £500, Quick and easy, apply in minutes
Imagine having instant spending power and the freedom to shop where you want. Use it over the phone, on the Internet or on the High Street. You can even use it abroad - great for your holidays! Plus you can get your loan in the form of a Visa card, it's the modern and safe way to take your Provident loan.
Let's face it, credit cards are essential to developing, and keeping a good credit history. If you credit has slipped into a less than perfect, then you can start your credit 'recover' with the help of a credit card designed to get you back on track.
Both Vanquis and Capital One have developed credit cards designed to improve your credit rating. Have you had a credit card application declined in the past for any of the following reasons: because you're new to credit, have a history of bad credit, a bad credit rating (including CCJ's), you’re on a low income, work part time or are self employed? If any of these situations affect you, then these credit cards will help you fix your credit.
Capital
One Classic Visa Card - The Capital One Classic card can get your credit back on track by improving your credit rating, and credit history.
No Annual Fee
Up to £2,500 in spending power
Typical
34.9% APR variable
Credit limit increase - simply
use your card*, stay within your credit limit and make your
payments on time and we increase your initial credit limit
on your 4th statement
A FREE choice of card design
Spread your payments
Free Identity Theft Service
Register Online for Free Identity Alerts powered by Equifax
Click
Here for More Details!! - The Capital One Classic Visa is for people who need to, or would like to strengthen their credit rating
Vanquis
Visa Card - In today's world, credit cards are often the most secure and convenient way of paying. But the reality is that many people cannot get the credit card they want or believe they deserve.
At Vanquis we think that more people should have the chance to have a credit card if they want one.
Have you had a credit card application declined in the past for any of the following reasons: because you're new to credit, have a history of bad credit, a bad credit rating (including CCJ's), you’re on a low income, work part time or are self employed? Then the Vanquis Visa card jut might help you out.
We’ve already helped over 400,000 people in similar situations. A Vanquis Visa card could be just what you need. The Vanquis Visa credit card could give you the financial flexibility and convenience that helps make life so much easier. It could be your first step to credit repair – putting a bad credit rating behind you! Apply Now
To qualify for a Vanquis Visa Card:
You must have not applied within the past 6 months
You are 18 years of age or over.
You are a permanently resident in the UK.
You do have a landline phone number
You are registered on the voters roll.
You do not have an outstanding County Court Judgment against their name or one that has cleared within the past year.
If you answered yes to these questions, We recommend you have your salary, banking and employment address details on hand to avoid any delays in applying. If not, the you should check out our selection of PrePaid Cards as you will be automatically rejected if applying for a Vanquis card
Can debt management help you?
Are your increasing debts becoming a concern?
Do you still have questions about your Arrears, Defaults, CCJs, and bankruptcy? Are you concerned about your credit history? If you are going through financial problems, then debt management services might help.
Debt management is helping people deal with the pressure of multiple loans, mounting credit card debt, . Such counseling is helping those people who cannot pay off their debts and that are why they come under severe monetary problems. The counseling firms help the borrowers in organizing their multiple loans by their experts and consultants who really make good efforts in order to help those people who are tied up with the hassle of debt repayments.
Forward going, online research will give complete information about a large number of leading firms which are offering the services of debt management in UK. Moreover, people can easily check and can also take detailed search of such agencies to know more about their authenticity online.
ClearDebt is here to help the hundreds of thousands of people in England & Wales who are deeply in debt. Some don't realise the seriousness of their situation, some think there is nothing they can do about it. Many are frightened of losing their home and livelihood. Our site is full of resources to help you understand your situation, cut your household costs and plan a route out of debt. But, we can offer you much more than just information:
IVA
ClearDebt is here to offer you an IVA (Individual Voluntary Arrangement solution that will cut the total you owe, freeze the interest you pay and remove any threat to the home you own. Your creditors will be legally bound, they will never chase you and you'll have one fixed and affordable monthly payment to make. Your arrangement will be overseen, negotiated and supervised by a licensed insolvency practitioner and chartered accountant
DMP
This procedure is a Debt Management Plan (DMP). One of our case-managers will help you through every stage of the debt management process.
It's important to understand your credit report and how it can help you get credit. Your Equifax Credit ReportT gives you clear, easy-to-understand advice for each item on your credit report and its possible impact on your ability to obtain credit.
We make it easy to understand what aspects the lender uses to make a credit decision, helping you get that credit or loan you want. And checking your credit report regularly is one of the best ways to protect yourself from identity fraud.
Find out more about the family of Equifax Products by Clicking Here.
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CreditExpert helps you to challenge anything with which you disagree; helping you to manage your credit rating. You also have the option to order your Experian credit score. This information will give you further guidance and an indication of how your Experian credit check may influence a lending decision.
CreditExpert also saves you time and trouble if you become a victim of ID fraud. A recent report from CIFAS has found that, on average, it takes victims more than 15 months to discover their identity has been stolen and over 300 hours to clear their name. CreditExpert's weekly alerts mean that you quickly learn about any changes to your Experian credit report. Experian's Victims of Fraud team will help you to resolve any problems. Find out more about CreditExpert® from Experian
The first step in repairing or fixing your credit history is to understand your credit score. Both Equifax and Experian can help you understand your credit score. You should know as much about yourself as any financial institution does. Your credit report shows you what a lender sees.
Every time you apply for credit or a loan, that request is recorded. Multiple requests on your credit history can look as if you are over-extending yourself or a fraud is being committed. If you are looking for a good credit deal or mortgage, you must check your credit report to ensure that it accurately reflects your position. Both Equifax and Experian allow you to check your credit report online and as often as you want.
credit Reporting
The best thing to do when it comes to your credit history is keep it in good shape, but if it has taken a beating then there are certain things you can do to help improve your score.
The first thing you need to do is get a copy of your credit report from the two largest credit reference agencies, Experian and Equifax. Once you have received these you will be able to look through your financial history and check that it is all correct.
If there are any mistakes, such as a record of an outstanding debt that has been settled, then you will need to contact the lender in question and request confirmation that the debt has indeed been paid off. You will then need to contact the credit reference agencies and get your report updated.
So you have bad credit?
Millions do, but you've taken the effort to start down the road to fix your credit, that's why you are here. The key to repairing credit quickly is to open a small variety of accounts (one or two credit cards and one or two fixed installment loans) and to pay all on time, every time. You then check your credit score and report periodically to make sure you're on track. Done right, it's still very possible to rebuild credit quickly.
Bad credit does not fix itself. You must take the time and effort to plan out a strategy that you can achieve. We offer many products that can help you in your quest; credit cards, credit reports, debt management services, and credit related information. These offerings can help you fix and repair your credit.
