Changes in credit rating?

After being a student for 4 years and having to take a couple of overdrafts, etc, I%26#039;m aware that I have a pretty poor credit rating. I%26#039;ve not been able to get accepted for any kind of credit for the past few years. However, I%26#039;ve recently been accepted for two store cards, with a limit of 锟?00 and 锟?00. I%26#039;m also now in full time employment and always pay my bills on time and am regularly paying off my old debts, etc. Does this mean that my credit rating is improving, or is it just a fluke that I have been offered store cards?

:-) Emmie

Changes in credit rating?care credit

I agree, your credit will improve, just merely by you paying your bills on time or before. The only way to determine where you are going, is you have to know where you have been. Translation: The only way you can know what%26#039;s on your Credit Report and what%26#039;s hurting you is to get all 3 of your credit reports, and since this doesn%26#039;t tell you what your %26quot; FICO %26quot; scores are , you will also need to purchase this also. Try reading some books on Credit, Credit repair, they will give you an insight on the credit world, bankrutcy etc. Good luck, I see you are on your way to a great new credit history

Changes in credit rating? loan

It%26#039;s difficult to say without seeing your credit report. Using a store card (as long as you pay it off early) will actually improve your credit rating.

Edited to say: If you have been paying all your bills off on time then your credit rating will start improving.

Why not get a credit report from Equifax or Experion. You can order them over the internet.|||I%26#039;m pretty sure your credit rating will be improving, and I%26#039;m fairly sure you will start to receive more offers for credit. How quickly that happens will probably depend on how you managed the overdrafts when they happened. If you arranged them in advance, rather than going overdrawn without warning, that will probably help. I found the best way to get a credit card following a prompt improvement in income was through a bank account that came with one, but that was several years ago.

Sounds like you have an excellent attitude to using them (pay %26#039;em off and cut %26#039;em up).

In the states, I%26#039;ve heard that credit rating can actually be improved by never quite paying every cent off in full, but whether or not that is true (and whether or not it applies in the UK) it is certainly a scam (legal or otherwise), either perpetuated solely by the credit card companies to keep more interest debt in circulation, or in collusion with the credit rating agencies to get extra business on credit checking fees.|||I almost went bankrupt because of my credit