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The importance of good creditNot enough people realise the importance of this,
I used to have great credit when I was 18/19.
Subsequently I never took any loans or used credit as I was a firm believer of spending what cash you have!
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So what do you think happened to my credit score?
Much to my surprise it plummeted so so so low I couldn't even open a standard bank account!
From that moment things had to change!
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Much to my surprise it plummeted so so so low I couldn't even open a standard bank account!
From that moment things had to change!
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I spent time reading about how credit scores work!
I found it so stressful that my score had dropped but I had never done anything "wrong".
Turns out what I had done wrong was to never use credit or debt.
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I found it so stressful that my score had dropped but I had never done anything "wrong".
Turns out what I had done wrong was to never use credit or debt.
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Number 
lesson!
In order to have a good credit score you must show that you can take on debt and manage it well.
Light bulb moment
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lesson!In order to have a good credit score you must show that you can take on debt and manage it well.Light bulb moment
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Many of us drive and my idea was that I spend money on fuel regardless,
So I took out a credit building credit card and started buying all my fuel with it and setting it to pay the full balance each month!
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So I took out a credit building credit card and started buying all my fuel with it and setting it to pay the full balance each month!
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And that was it, slowly I took on debt and paid it off just by doing what I was already doing.
Now my score is above the national average which is great as it opens up a lot more opportunity to you like getting a loan or a mortgage to fund a cash producing asset!
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Now my score is above the national average which is great as it opens up a lot more opportunity to you like getting a loan or a mortgage to fund a cash producing asset!
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It's probably quite important to point out that you shouldn't be spending what you cannot afford to pay back.
Only spend on a credit card what you can already afford to pay.
For example your fuel costs, your food shopping for the week or any other general expenses.
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Only spend on a credit card what you can already afford to pay.
For example your fuel costs, your food shopping for the week or any other general expenses.
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Vanquis is the card I took out to fix my credit score,
They have an incentive for their exiting customers to introduce friends!
Click the link below now and we both get £25 free credit added to our account!
Free money!
http://bit.ly/ £25FreeCredit-Vanquis
They have an incentive for their exiting customers to introduce friends!
Click the link below now and we both get £25 free credit added to our account!
Free money!
http://bit.ly/ £25FreeCredit-Vanquis
Just noticed that the link won't post correctly.
https://www.vanquis.co.uk/raf-app?code=F5E3C307A998A8A58F7E is the refferal get your free £25 now!
https://www.vanquis.co.uk/raf-app?code=F5E3C307A998A8A58F7E is the refferal get your free £25 now!
