How much are the minimum repayments costing you?

Often people can find it difficult to obtain a credit card, there are many possible reasons and it may be due to know fault of your own.

1. Problems with credit records
2. Self-Employed
3. Never owned a bank account
4. Too many previous addresses
5. A registered judgement you’re not aware of
6. Late payments
7. Identity fraud
8. A registered default you’re not aware of

If your credit history is preventing you from getting a credit card some issuers will carry out a pricing-for-risk assessment of your individual circumstances. This can be used to determine an interest rate to be charged on credit that they deem acceptable based on your credit history; this may differ from the standard rate quoted. Using a credit card wisely and with care can help you to establish a new credit history and develop a better credit rating.

Lenders and finance houses make mistakes

Even though the points above may not affect you finance surgery suggest you check your credit profile regularly.

Get professional advice with your finances from a qualified independent financial advisor, you can contact us for free independent financial advice online or fill in our enquiry form.

Your Credit Profile

You can obtain your credit record from a credit reference agency.

Contact Experian

Experian consumers help centre PO Box 9000 Nottingham NG80 7WP

Experian 30 day free trial

Experian consumer help centre

Telephone 0870 241 6212

Contact Equifax credit file advance centre

Equifax personal solutions

Write to Equifax Credit File Advice Centre P.O. Box 1140 Bradford BD1 5US

Contact Checkmyfile.com

Check out the free offers at checkmyfile.com

Checkmyfile.com

See also:
Refused Credit