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No credit history

Anonymous
Not applicable

I am after getting a 18 month contract but I am 18 with no credit history. Will they decline me?

Message 1 of 7
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Anonymous
Not applicable

Only way is to try. They may let you have it but require some sort of deposit.

Message 2 of 7
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perksie
Level 69: Guiding Light
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You must make sure you're on the Electoral Roll too.

 

There's a very good article on credit ratings here:

 

http://www.moneysavingexpert.com/loans/credit-rating-credit-score

 

To support Disasters Emergency Committee: http://www.dec.org.uk/appeals text Nepal to 70000 to send £5

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Message 3 of 7
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Anonymous
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Yea I suppose. ALthough I hear that each time you try, it gets recorded on your credit history thingy & I would be happy if they asked for a deposit. On the day I actually want to take the contract out, ill have half the money as itt'll be my birthday so if they did want a deposit at least it ensures I cant be tempted to spend that money then hopefully after a few months of paying the bill ontime they will just use the deposit to pay my bill grin I shall see though. Fingers crossed!

Message 4 of 7
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Anonymous
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Thanks for that link grin I'm also going to find out if I am on the electoral roll. I should be but didnt get a voting form through the door when the rest of my family did so I shall make it my mission to find out slight_smile

Message 5 of 7
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perksie
Level 69: Guiding Light
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Good luck, let us know how you get on.:smileyhappy:

To support Disasters Emergency Committee: http://www.dec.org.uk/appeals text Nepal to 70000 to send £5

Sky Unlimited Broadband - Windows 10 - Nexus 4 Android 5.1.1
Message 6 of 7
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Anonymous
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Hi. It can affect you, not having a credit rating. For companies it can be more tricky than people with bad credit ratings.

If you have a good credit rating, then companies know they want you as a customer. If you have a bad credit rating, companies know they don't want you as a customer. If you have no credit rating, companies don't know if they want you as a customer.

In cases like this they may do the deposit thing, or say no and advise you to go sim only for 6 months so they can build a picture of you as a customer. SIM Only contracts requires less of a credit rating than a contract with a phone (less risk involved).

You could try getting a store card somewhere like Burtons and buy something, pay it off same month. Do that for 3-6 months and you'll build a bit of a credit rating.
Message 7 of 7
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