Best way of getting credit history?

[T_J_G]

I've had a credit card for 2 years missed a few payments, and also had a contract phone for 7/8 years, no loans, finance on expensive jewelerry and managed to get a large mortgage. Deposit size helps as well.

Check your experian report as there may be something a miss if you can't get a credit account for car parts.

[SoundillusioN]

Something worth noting, plenty of good advice on here but if you have got loans and are paying them off properly, it does look good but try and make sure you haven't got large amounts still due or long terms left over when it comes to going for a mortgage as they will take into account your outgoings to calculate how much you can afford to pay them back.  This could impact how much they are willing to lend you.

[Agreeable Slick]

Something worth noting, plenty of good advice on here but if you have got loans and are paying them off properly, it does look good but try and make sure you haven't got large amounts still due or long terms left over when it comes to going for a mortgage as they will take into account your outgoings to calculate how much you can afford to pay them back.  This could impact how much they are willing to lend you.

No question on this. They will look at you incomings and out goings including all DD's, day to day spending, and apply a percentage factor as well. This will affect how much you can borrow.

[danny_p]

credit cards and morgages are weird things.

i can borrow more on credit card than i can get a morgage for.  how the hell dose that work

[markallen]

Just become an Abseiler like me. You soon know how to budget your money, then when you have, get a credit card and like others have said use it for phone bills, shopping etc. Then pay it off straight away.

Who am I kidding Abseiler's don't earn enough for credit cards!!! Until you get on the rigs!!! 

[Bellend]

Lot's of very useful advice!

Agree'd with the family thing, sister borrowed couple of grand off my brother when a loan was taken out and then not needed but they had used a small amount to buy a car. Borrowed couple of grand to pay the loan back within 14days so didn't cost anything. Then her husband lost his job. No tension really at all other then the feeling that I'd hate.

Don't want to borrow any more than I can afford ever until obviously a mortgage. AFAIK you need three years books when self employed? So will need to start properly from April.

Phone bill is a start and thinking of Tesco credit card, 3% on food and fuel and I get through stacks of fuel.

Big learning curve and huge headaches I can see in the near future with tax, paperwork etc.

Really appreciate the advice though! Some really useful stuff.

Got another window cleaning round today, just got rid of all of mine and saw this one and got it. Not owned by me but I rent it. Perfect as less hassle, I get x amount a month from it minus contingencies and it's local. Plus 5 days a month and 600-800 quids worth.  Plus as it's not owned by me if I can't do it there's other people to do it.

Thought this was a good idea as it's regular money coming in for the quiet months.

Going to try and book a meeting with a business advisor, got some cash saved but no real trail to it as the last years been a bit messy!

[SoundillusioN]

credit cards and morgages are weird things.

i can borrow more on credit card than i can get a morgage for.  how the hell dose that work

Probably because you can get more credit in total on cards from multiple lenders, with a mortgage it's usually only from one lender.

Tis ok though, if you've got enough credit on plastic, go buy a house with them. 

[Bellend]

Am on the electorial role! Credit score is fair. 3 good things, two negative, one missed payment that shouldn't have gone through anyway and one because I'm young.

[golf-sib]

Am on the electorial role! Credit score is fair. 3 good things, two negative, one missed payment that shouldn't have gone through anyway and one because I'm young.

How old are you, I bought a place at 21, my problem is kicking the misses out  Houses are pretty cheap round rochester especially at the moment with the base rate being around 4% mortgage deals are quite good, down side is deposit, plus around £2000 solicitors fee's and then surveying.

[archie837]

Am on the electorial role! Credit score is fair. 3 good things, two negative, one missed payment that shouldn't have gone through anyway and one because I'm young.

Get in touch regarding the wrong missed payment and get it removed. I had the same thing - they were trying to take money for an old phone contract which was cancelled. I wrote O2 a letter / email and they got in contact with Carphone warehouse who got the default removed and boosted the credit score.

Chances are it's the missed payment which is stopping you getting credit as people won't want to lend to someone who can't payback. But once it's removed you'll be happy days.