Pkingy   10 #1 Posted July 2, 2018 How would I score never had a loan never had a credit card and never had a mortgage. Anything I need I pay cash. would I have a good score or a bad one Share this post Link to post Share on other sites Share this content via...
mafya   220 #2 Posted July 2, 2018 You will have no history so will have a low score, paying by direct debit and having a credit card that you pay payments on helps build up you credit history. Do a free credit check here without any trial period to see what your score is= https://www.noddle.co.uk Share this post Link to post Share on other sites Share this content via...
wysiwyg   10 #3 Posted July 2, 2018 You need to have had credit to have a score. Have you ever had a mobile phone contract or been responsible for paying household utility bills? Share this post Link to post Share on other sites Share this content via...
alchresearch   206 #4 Posted July 3, 2018 Are you looking to get a loan? If so, your bank might be the best place to start as they "know" you the most. That's what I found when I had no credit history. Same with credit cards - get one but don't use it. Share this post Link to post Share on other sites Share this content via...
vwkittie   10 #5 Posted July 3, 2018 I found having an unused credit card negatively affected my score. Getting rid improved it. Although I had had it for a long while. Share this post Link to post Share on other sites Share this content via...
geared   268 #6 Posted July 3, 2018 If you've never used credit are you stupid enough to think you have a good credit rating?? Share this post Link to post Share on other sites Share this content via...
medusa   16 #7 Posted July 3, 2018 You would have no credit score at all in your current position. If you want to have a good credit rating apply for a card which is for people who are repairing their credit scoring, there are lots of them about. It will have a credit limit of £2-500. Buy all the stuff that you'd normally buy with cash with your card instead, then put your cash in your bank account and use it to pay the card off every month.  A few months down the line you'll have a credit rating with only good marks on it, which is a good place to start. Share this post Link to post Share on other sites Share this content via...
Resident   1,127 #8 Posted July 3, 2018 I found having an unused credit card negatively affected my score. Getting rid improved it. Although I had had it for a long while.  I use my credit card for fuelling my car. I note what I've spent at the pump, pay on my CC then transferring that amount from my current account to a 2nd account. Come month end I transfer the total back and pay off the CC. Share this post Link to post Share on other sites Share this content via...
Pkingy   10 #9 Posted July 3, 2018 No just wondered out of interest. It doesn't really matter I would never buy on credit Share this post Link to post Share on other sites Share this content via...
ez8004   10 #10 Posted July 3, 2018 No just wondered out of interest. It doesn't really matter I would never buy on credit  You can use credit but also by not really using it if you pay it off every month so you never accure interest. There are many deals out there like cash back or some form of points collection. For example I use a cashback credit card to do the majority of my spending on. I always pay it off every month so it doesn’t cost me anything. However, I also end up getting about £500 a year of free money because of all the cashback.  A colleague of mine collects points with the IHG hotel group and he effectively gets his holiday accommodation paid for for the year.  By all means, don’t take advantage of perks that don’t cost you anything. Share this post Link to post Share on other sites Share this content via...
Cyclone   10 #11 Posted July 4, 2018 No just wondered out of interest. It doesn't really matter I would never buy on credit  So you don't have a mobile phone contract, or any utilities?  These are all forms of credit, you use the service first, you pay for it at the end of the month or even the quarter.  Credit cards offer you additional consumer protection when purchasing things (costing >£100), well worth using just for that fact. Share this post Link to post Share on other sites Share this content via...