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[Vamps]

I've never done a credit check 

£2......online......you know you want to.......

Bet you can't get higher than mine..............

In what respect?  Get more credit or more marks against you?  I do look through comparison sites when car insurance is due, but have returned to my current insurer & paid in one go over the passed few years. I owe a few quid to Tesco for two of the cars outside but other than that everything else is either paid for or is paid month by month eg general monthly bills. Years ago it wasn't uncommon for there to be month left at the end of the money .... but not now.  Unless someone has oppsed up, I doubt I have much to worry about. 

That sounds familiar.........   Go on rub it in, you don't have a mortgage now, I bought late in life......

No, I mean your Score...............

[Andy B]

...
, you don't have a mortgage now, ....

Did I mention it? ............. 

...
No, I mean your Score...............

So ..... what ups the score exactly 

[05omegav6]

Having lots of credit and not missing payments...

One of the ironies of modern society

[Andy B]

Having lots of credit and not missing payments...

One of the ironies of modern society

If you mean the potential to have lots of credit eg on cards ........... then yes, I suppose I'll have a high score. 

Not long back my daughter (25 in a few weeks) was discussing credit ratings, and part of her plan was to open a credit card account, use it to pay for her fuel but pay it off in full each month via DD, which she now does. 

[Vamps]

Having lots of credit and not missing payments...

One of the ironies of modern society

If you mean the potential to have lots of credit eg on cards ........... then yes, I suppose I'll have a high score. 

Not long back my daughter (25 in a few weeks) was discussing credit ratings, and part of her plan was to open a credit card account, use it to pay for her fuel but pay it off in full each month via DD, which she now does. 

A very good move, and a good way to build your score, the trick is to pay them off each month therefore saving a shed load of interest charges........

[Andy B]

... therefore saving a shed load of interest charges........

that's where she takes after her Dad in being 'careful' with her money  I just wish I'd been as careful as she is when I was in my early 20s 

[chrisgixer]

Vital this is in order for Mortgages and indeed, loans of any sort. Very wise to know what info financial institutions are basing their lending decisions on.

It takes time, but you can influence the info shown, once the basics are understood. Use it to your advantage. Its a useful tool, as said.

If you have teenage kids, get theirs sorted as well. They'll need all the help they can get in the big wide world these days.

[cleggy]

The point is that every company you deal with or enquire with will post that for all to see..... NOT ON.
My Broadband service and what it costs is private so what FREAKIN right do Virgin Media have to make it public, I don't remember giving that consent, perhaps it's in the small print.   

[SteveAvfc.]

Noddle its free and what debt management companys recommend. 

[Phil]

A very good move, and a good way to build your score, the trick is to pay them off each month therefore saving a shed load of interest charges........

That isn't the way to build up your score, you need to leave a little bit each month, let it build up then pay it off.

If you pay it off in full each month then you haven't actually 'borrowed' anything and the score won't increase.

This I know for a fact as in the mid 90's my family had been running their own business for years and it worked on an overdraft facility of up to £80k, the bank decided they needed security and were going to remove the overdraft facility. So my parents had to take out a mortgage on their house, which would become a directors loan to the company and keep Barclays happy. My parents were lucky, thanks to the family building business they built their house without the need for any borrowing, also being given the land as a wedding present helped.

They wanted to borrow £80k on a house valued at over £350k (it was two houses 'joined' together thet could be split and sold individually which made it slightly more complicated), they went to couple of companies with personal bank statements for years that showed they were never overdrawn and both Barclaycards were paid off in full every month.

They were given a zero credit rating as they had never 'borrowed' anything.

[tigers_gonads]

A very good move, and a good way to build your score, the trick is to pay them off each month therefore saving a shed load of interest charges........

That isn't the way to build up your score, you need to leave a little bit each month, let it build up then pay it off.

If you pay it off in full each month then you haven't actually 'borrowed' anything and the score won't increase.

This I know for a fact as in the mid 90's my family had been running their own business for years and it worked on an overdraft facility of up to £80k, the bank decided they needed security and were going to remove the overdraft facility. So my parents had to take out a mortgage on their house, which would become a directors loan to the company and keep Barclays happy. My parents were lucky, thanks to the family building business they built their house without the need for any borrowing, also being given the land as a wedding present helped.

They wanted to borrow £80k on a house valued at over £350k (it was two houses 'joined' together thet could be split and sold individually which made it slightly more complicated), they went to couple of companies with personal bank statements for years that showed they were never overdrawn and both Barclaycards were paid off in full every month.

They were given a zero credit rating as they had never 'borrowed' anything.

Spot on that 
No point me doing a credit check after my bankruptcy 

[Stemo]

If you have a good relationship with your bank, as I do, credit reference agencies don't really come into it. On my banking app, it shows the amount of loan I have been pre-approved for. If I apply and sign online, it's in my account in three minutes.

Computers and internet....great......

[tigers_gonads]

If you have a good relationship with your bank, as I do, credit reference agencies don't really come into it. On my banking app, it shows the amount of loan I have been pre-approved for. If I apply and sign online, it's in my account in three minutes.

Computers and internet....great......

Yup
Missus is the same with Lloyds

[aaronjb]

Not necessarily the best interest rate, however .. although last time I looked it was offering me quite a competitive one (also a Lloyds customer)

[tooleater]

My wife works for a big Leasing company, think she said it cost them around 20p