Best way of getting credit history?

[Bellend]

Was refused a credit account today as have zilch credit history. I'm sure I was supposed to get something from Snap-On but haven't used it in about a year now.

Mobile has just gone into my name as two year contract in my mums, now transferred to me.

Just wondering on the best way to build decent history without doing things like getting cars on finance etc.

I.E somehow get a credit card, pay on that then pay it straight off kinda thing.

Cheers. 

[RedHP]

Hey End of Bell 

Hope you're well pal. All this depends on your past and present situations which are personal so please don't share too much on the interweb !
Credit history takes time to alter, so its not a case of getting a credit card etc and expecting changes straight-away.
For best advise you should speak to someone like a financial advisor, solicitor, accountant, banking advisor etc but you will need to relay your past and present financial history in order to obtain the most optimum assistance. Please do not disclose your personal info to any old tom-dick-and-harry !

I am an accountant and can help if you need me to (PM though !), if not please heed my advise !

Red

[bobbarley]

At least you've identified that you have no credit, as opposed to bad credit. 

A good way to work on that is to establish a history of sensible borrowing.  Have you thought about trying to get a credit card like one of the ones listed in the link below?

http://www.moneysupermarket.com/shop/credit-cards/bad-credit/

If not give it a go.  The trick is, spend a little on it, then once you get your statement pay it off in full.  In fact, set up a direct debit so that it always pays in full.  You'll never pay any interest and you'll never end up in debt, plus your credit history will slowly start to show that you always pay off your borrowings.  Lenders will find that very attractive.

[damien010685]

Avoid sh!tty lenders with high apr they can have negative effects like wonga etc!! And as said credit card if you use it like a debit card mate within a year or 2 it can make a huge difference!! My mate was in a hit situation got himself in heaps of debt got a debt plan paid it off he got a credit card from Vanquis I think and he did that for a couple of years registered on the electoral register set up direct debits properly for bills like mobile and gas electricity etc and now he has just been accepted for a mortgage!! 

[JC]

get on the electoral register     

mortgage advisor has stressed the wife gets on soonest.

[barrym381]

a pm you sent me last week said you could easy buy a focus st on credit if you wanted to  good thing mine is bought out right    good old josho at his best

[JC]

Ah, nice pm love I am feeling . . . . . . 

[SoundillusioN]

Paying for a shizzle for myself from the age of 18 got me going.. I had friends that lived at home till they were 30!... left home with poor credit!

[Khare]

Do what I did

Credit card (tesco had the longest interest free offer of 16 months), then within 3 hours of it being in your wallet slap the limit. Thankfully I'll be able to pay it all off within the month, so that should shoot my credit rating pretty high.

I'll also be putting direct debits (phone and sky) on the credit card, then paying them off straight away with the debit card, so that again will help increase it.

[Toby]

Get a credit card, spend £10

Pay off £15 cut it up.