Nobody will touch me with a bargepole... help!

[annemarie83]

Hi,

 

I'm 30 and I have WOEFULLY bad credit. The trouble is now, because nobody will give me credit, I can't redeem myself and I'm in a big catch 22 and i can't get out of it.

 

I was earning a low wage, and pre-credit crunch, racked up £2000 o/d with ltsb. I then split with my partner and went to live alone at 22. This was the thing that set the ball rolling.. I lived from 2 credit cards: egg and C1, and then went to uni at 24. like a fool, in all naivety, i went into LTSB telling them i was a student, expecting them to transfer my o/d to student account. On a technicality, they told me this involved closing my current account, so i had to repay now, and btw, by declaring myself a student i had also declared myself unemployed and therefore insolvent when they recalled the 2k and i said "but I'm a student!". Into collections I went.

 

i paid it back, yet had no access to student facilities, so racked up another £1000 with halifax, and a 300 on vanquis. by the time i graduated, i had hit a wall - 3 ccs and 2 o/d and a catalogue account had culminated in several missed payments and me having to go on a DMP, and i wasn't paying stuff on time due to that old chestnut of 'do i pay capital one or eat?'. I never owed more than 2.3 k though - we're not talking loads. My egg card got sold on then sold on again - last i heard of it was in 2008, i moved a lot and then after 5 years at uni juggling debt, am where I am now... i have AP on that o/d (with a DCA) and one credit card lost in the ether and one being paid off. 4 accounts are settled on my credit file and my current accounts have no o/d and are running fine.

 

I'm now a teacher, my partner is on a good salary too, and i'm starting to think about a mortgage in the next few years.

 

Fat chance.

 

I checked credit. My score is below 300. Equifax, registers missed payments, but only one o/d is listed as D for default. Are missed payments technically defaults? How do they class it?

 

I have had no CCJs, NO IVA, i'm not a discharged bankrupt, i'm in FTE, I have a smartphone contract yet as the title of this thread suggests, nobody will touch me with a barge pole and i'm getting desperate now.

 

Ironically, they threw credit at me when i had no cash, yet now i can't get a £50 o/d extension or open a bank account!

 

I've applied for in 12 months: vanquis, c1, aqua, argos card, and a nationwide account. Nada.

 

I even applied for a secured credit card - they wanted me to pay the full £200 and there are still doubts about that! I want to show people that i got into a lot of trouble in the past, but i'm ok now. But nobody will give me a break. It's as though I AM a bankrupt.

 

I'm starting to panic about a mortgage now. My partner's bank love him, he has great credit and a lot of equity and they do this 'pre approved £40,000 loan' crap with him.

 

He just doesn't get it. He seems to think that as hes a great customer and we've got a deposit and good jobs they'll overlook defaults, but he's never been in the mess that people in debt have been in, and i don't think he gets the reality nowadays that if you have any black mark against your name, it's Goodnight Vienna for you and credit. I thought it wasnt too bad, as I've not been in serious trouble, but being turned down for AQUA was pretty shocking and that pre-pay thing!!

 

My questions are this:

 

Would my partner's standing really help us to get a mortgage or at least offset my defaults? Or is he in cloud cuckoo land?

Can anybody think of ANYWHERE that will give me credit so I can show repayment - i'm even considering another phone contract? Catalogues? Loan?

Would perhaps upgrading to gold or silver account with my bank soften the blow for an appointment to ask for a small o/d?

 

Any ideas welcome!

 

Many thanks!

Edited July 17, 2012 by annemarie83

[citizenB]

I've applied for in 12 months: vanquis, c1, aqua, argos card, and a Nationwide account. Nada.

 

 

 

You wont have helped yourself by applying for so much credit over the last 12 months, with your credit files showing so many rejections it will be the kiss of death.

 

You will probably need to start with something like a prepaid credit card then on to one of their credit builder cards.

 

I cant quite work out from your post whether all your previous credit is now repaid and you are just waiting for them to drop off - which they will do after 6 years.