Credit rating in UK

Old May 3rd 2009, 10:14 pm
  #1  
Forum Regular
Thread Starter
 
Joined: Feb 2009
Location: Essex UK
Posts: 39
wareeswally will become famous soon enoughwareeswally will become famous soon enough
Default Credit rating in UK

Wonder if anyonewho has moved back from another country to the UK and once back, had trouble with obtaining credit rating.

We are moving back to the UK in the summer having been out in Canada for only a year and wonder if we will have the same problems we had when we arrived over here , having no credit rating?
wareeswally is offline  
Old May 4th 2009, 10:55 am
  #2  
Lost in BE Cyberspace
 
Bermudashorts's Avatar
 
Joined: Feb 2009
Location: UK
Posts: 14,284
Bermudashorts has a reputation beyond reputeBermudashorts has a reputation beyond reputeBermudashorts has a reputation beyond reputeBermudashorts has a reputation beyond reputeBermudashorts has a reputation beyond reputeBermudashorts has a reputation beyond reputeBermudashorts has a reputation beyond reputeBermudashorts has a reputation beyond reputeBermudashorts has a reputation beyond reputeBermudashorts has a reputation beyond reputeBermudashorts has a reputation beyond repute
Default Re: Credit rating in UK

We were out of the country for two years. I don't know if my credit rating disappeared entirely, but I have twice been turned down for credit on account of having been out of the country. Once was for a store card and once for a loan. I am an accountant and had previously a very high credit rating.

So conclusion, you could have some problems. I did however keep a UK bank account open throughout my absence and have been with them for 15 years, so they gave me a mortgage and a new credit card with them.
Bermudashorts is offline  
Old May 4th 2009, 11:00 am
  #3  
Banned
 
Joined: Jul 2008
Posts: 1,769
cricket1again has a reputation beyond reputecricket1again has a reputation beyond reputecricket1again has a reputation beyond reputecricket1again has a reputation beyond reputecricket1again has a reputation beyond reputecricket1again has a reputation beyond reputecricket1again has a reputation beyond reputecricket1again has a reputation beyond reputecricket1again has a reputation beyond reputecricket1again has a reputation beyond reputecricket1again has a reputation beyond repute
Default Re: Credit rating in UK

You won't have a credit rating. What you need to do is start transferring funds into a UK bank account on a regular basis. They like to see 500.00 pounds minimum for 3 months, then they may consider giving you a credit card. Once you start paying off your UK credit card, it starts to create a new credit rating but it takes a while.
Make sure you come back to the UK with enough cash to rent upfront for 6 month, buy a car outright and anything else that you might otherwise have bought on credit.
Obtaining a UK credit card is a good starting point to getting your credit rating back on track.
cricket1again is offline  
Old May 4th 2009, 12:16 pm
  #4  
Banned
 
Joined: Jul 2008
Posts: 1,769
cricket1again has a reputation beyond reputecricket1again has a reputation beyond reputecricket1again has a reputation beyond reputecricket1again has a reputation beyond reputecricket1again has a reputation beyond reputecricket1again has a reputation beyond reputecricket1again has a reputation beyond reputecricket1again has a reputation beyond reputecricket1again has a reputation beyond reputecricket1again has a reputation beyond reputecricket1again has a reputation beyond repute
Default Re: Credit rating in UK

This is quite a helpful link. One thing to remember, if you get refused credit, make sure they write it down as that you have no credit rating because you've not been in the country. An explanation needs to be included otherwise the more you get turned down without an explanation, the more it's assumed that you are a risk so in fact instead of gaining a credit rating, if you're no careful you'll gain a file which suggests you are too big a risk to be given credit. Don;t leave the shop without making them write down the reason on file for the refusal of credit.
http://www.metro.co.uk/help-and-advi...&in_page_id=36
cricket1again is offline  
Old May 4th 2009, 2:59 pm
  #5  
Forum Regular
Thread Starter
 
Joined: Feb 2009
Location: Essex UK
Posts: 39
wareeswally will become famous soon enoughwareeswally will become famous soon enough
Default Re: Credit rating in UK

Thanks for your replies - very helpful.
wareeswally is offline  
Old May 4th 2009, 3:47 pm
  #6  
The Kwisatz Haderach
 
Mummy in the foothills's Avatar
 
Joined: Aug 2008
Location: North Wales
Posts: 8,080
Mummy in the foothills has a reputation beyond reputeMummy in the foothills has a reputation beyond reputeMummy in the foothills has a reputation beyond reputeMummy in the foothills has a reputation beyond reputeMummy in the foothills has a reputation beyond reputeMummy in the foothills has a reputation beyond reputeMummy in the foothills has a reputation beyond reputeMummy in the foothills has a reputation beyond reputeMummy in the foothills has a reputation beyond reputeMummy in the foothills has a reputation beyond reputeMummy in the foothills has a reputation beyond repute
Default Re: Credit rating in UK

So does keeping an active CC and a Bank account you use every couple of years give you a credit rating in UK?
Mummy in the foothills is offline  
Old May 4th 2009, 5:52 pm
  #7  
Account Closed
 
Joined: Jun 2007
Posts: 8,913
Nu-Shooz is just really niceNu-Shooz is just really niceNu-Shooz is just really niceNu-Shooz is just really niceNu-Shooz is just really niceNu-Shooz is just really niceNu-Shooz is just really niceNu-Shooz is just really niceNu-Shooz is just really nice
Default Re: Credit rating in UK

Originally Posted by Mummy in the foothills
So does keeping an active CC and a Bank account you use every couple of years give you a credit rating in UK?
We kept our bank account open in UK, used it now and again over 3 years while we were in Perth, but now we are back in UK we still had no credit rating. Our score was miserable and were 'very high risk'
Makes you sick when you've done nothing wrong and paid all your bills/morgage on time.
I tried hopelessly to explain to credit companies why we had no score, but they don't want to know.
Nu-Shooz is offline  
Old May 4th 2009, 5:55 pm
  #8  
Lost in BE Cyberspace
 
Bermudashorts's Avatar
 
Joined: Feb 2009
Location: UK
Posts: 14,284
Bermudashorts has a reputation beyond reputeBermudashorts has a reputation beyond reputeBermudashorts has a reputation beyond reputeBermudashorts has a reputation beyond reputeBermudashorts has a reputation beyond reputeBermudashorts has a reputation beyond reputeBermudashorts has a reputation beyond reputeBermudashorts has a reputation beyond reputeBermudashorts has a reputation beyond reputeBermudashorts has a reputation beyond reputeBermudashorts has a reputation beyond repute
Default Re: Credit rating in UK

Originally Posted by Mummy in the foothills
So does keeping an active CC and a Bank account you use every couple of years give you a credit rating in UK?
No, I kept a UK CC and an active bank account whilst I was away. My own bank, who I had been with for 15 years were ok with me on my return and was able to get a mortgage with them, but that was based on my good history with them. Elsewhere we were turned down on account of having had an overseas address.
Bermudashorts is offline  
Old May 4th 2009, 5:57 pm
  #9  
Forum Regular
Thread Starter
 
Joined: Feb 2009
Location: Essex UK
Posts: 39
wareeswally will become famous soon enoughwareeswally will become famous soon enough
Default Re: Credit rating in UK

We've kept a UK bank account and credit card going but I was wondering about getting mobile phone contracts set up. We had such a problem here in Canada.
wareeswally is offline  
Old May 4th 2009, 5:58 pm
  #10  
Lost in BE Cyberspace
 
Bermudashorts's Avatar
 
Joined: Feb 2009
Location: UK
Posts: 14,284
Bermudashorts has a reputation beyond reputeBermudashorts has a reputation beyond reputeBermudashorts has a reputation beyond reputeBermudashorts has a reputation beyond reputeBermudashorts has a reputation beyond reputeBermudashorts has a reputation beyond reputeBermudashorts has a reputation beyond reputeBermudashorts has a reputation beyond reputeBermudashorts has a reputation beyond reputeBermudashorts has a reputation beyond reputeBermudashorts has a reputation beyond repute
Default Re: Credit rating in UK

Originally Posted by wareeswally
We've kept a UK bank account and credit card going but I was wondering about getting mobile phone contracts set up. We had such a problem here in Canada.
I had no problem getting a mobile phone contract set up.
Bermudashorts is offline  
Old May 4th 2009, 6:00 pm
  #11  
Account Closed
 
Joined: Jun 2007
Posts: 8,913
Nu-Shooz is just really niceNu-Shooz is just really niceNu-Shooz is just really niceNu-Shooz is just really niceNu-Shooz is just really niceNu-Shooz is just really niceNu-Shooz is just really niceNu-Shooz is just really niceNu-Shooz is just really nice
Default Re: Credit rating in UK

Originally Posted by wareeswally
We've kept a UK bank account and credit card going but I was wondering about getting mobile phone contracts set up. We had such a problem here in Canada.
Because we had no credit score we had to pay 300 pounds upfront for a mobile phone on contract.
Nu-Shooz is offline  
Old May 4th 2009, 6:00 pm
  #12  
SUPER MODERATOR
 
Jerseygirl's Avatar
 
Joined: Dec 2005
Posts: 87,932
Jerseygirl has a reputation beyond reputeJerseygirl has a reputation beyond reputeJerseygirl has a reputation beyond reputeJerseygirl has a reputation beyond reputeJerseygirl has a reputation beyond reputeJerseygirl has a reputation beyond reputeJerseygirl has a reputation beyond reputeJerseygirl has a reputation beyond reputeJerseygirl has a reputation beyond reputeJerseygirl has a reputation beyond reputeJerseygirl has a reputation beyond repute
Default Re: Credit rating in UK

Originally Posted by Mummy in the foothills
So does keeping an active CC and a Bank account you use every couple of years give you a credit rating in UK?
We've kept our accounts open for 13 years...although they are used on a monthly basis to pay direct debits. Our credit score is good...even managed to get a M&S credit card last year.
Jerseygirl is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.