Cinnamon Posted March 30, 2011 Share Posted March 30, 2011 My eldest turned 18 last week, so we just phoned Vodafone to get her phone.which is in my name & I pay for, transferred into her name with her paying the bill. But they wouldn't allow me to do it because she hasn't got any credit history & is therefore an unknown risk We have set it up now so that she is paying for the phone from her bank account,but its still in my name the guy said that she should take out a credit card for a month,make a couple of purchases on it,pay it off,then close the account & this will give her a credit rating,then in 3 months we can transfer....... it wasn't like this in my day - all you needed was a job & an bank account! Quote Link to comment Share on other sites More sharing options...
The Dogmother Posted March 30, 2011 Share Posted March 30, 2011 Unfortunately he's right - you have to have recognised transactions such as credit cards, a mortgage or debts to your name. Quote Link to comment Share on other sites More sharing options...
ubereglu Posted March 30, 2011 Share Posted March 30, 2011 It really is insane isn't it. It took me ages to set up an ISA for similar reasons, as I needed appropriate paperwork to prove who I was...So, out of list A I only had a PAYE notification, (It was out of Driver's license, Passport etc, (don't have any of those)) and fortunately a bank statement... What they didn't tell me at the time was that my bank statement must have transactions on it-this was checked over 3 times before I set up the account, it was only until after this time that I was told it wasn't proper evidence. GRR!!! It's almost as if companies see you as guilty until you can prove your innocence. Quote Link to comment Share on other sites More sharing options...
Geoid Posted March 30, 2011 Share Posted March 30, 2011 I have a credit card, which is paid off in full each month by direct debt from my current account. With internet banking it is easy to check if you have enough money in the current account. Quote Link to comment Share on other sites More sharing options...
debbier Posted March 30, 2011 Share Posted March 30, 2011 My 18 year old son recently (a few weeks ago) successfully took out a mobile phone contract in his name, and he doesn't have a credit card, only a debit card. This was with Orange, via CPW. Quote Link to comment Share on other sites More sharing options...
Cinnamon Posted March 30, 2011 Author Share Posted March 30, 2011 That's the annoying thing...she has had a debit card and bank account for 5 years,has a job a.d is very,very cautious with money. She has several thousand in savings too. A credit card it is,I guess. Will be handy at Uni anyhow. Quote Link to comment Share on other sites More sharing options...
abwsco Posted March 30, 2011 Share Posted March 30, 2011 How about a "dreaded" store card as they're normally easier to get. Saying that though DD who has had a phone contract in her name since she was 18 and a store card that she has never missed a payment on was recently declined when she applied for a CC Quote Link to comment Share on other sites More sharing options...
donald Posted March 31, 2011 Share Posted March 31, 2011 oh this brings back memories from years ago. I was a student but earning a salary on the job. I couldnt get a small car loan which was much needed for me to travel between ports of call all job related, I had never been in debt etc. I can remember being quite upset with the TSB who I had banked with as a child etc. My parents lent me the money fortunately(which I paid back in full). Then.... Years later I then inherited a lot of money and I remember my hubbie said stop borrowing my M&S card and get your own. So I applied there and then, as I could have got a free bottle of bubbly! M&S refused me a store card after they did a credit search on me. I was really embarrassed and was about 25 years old then and it was in store and I felt like a criminal. I told them I had xyz amount in my current account but they said its because you have not got a credit history as I had always paid my debts in full etc. So I can have every sympathy, you have to encourage debt to access borrowing in effect. Nothing has changed then Donald Quote Link to comment Share on other sites More sharing options...
Cinnamon Posted April 5, 2011 Author Share Posted April 5, 2011 I have a credit card, which is paid off in full each month by direct debt from my current account. With internet banking it is easy to check if you have enough money in the current account. Fred,where did you get your card? She has applied for a couple,but been turned down I wonder if her being an additional card holder on my account would work,too? Quote Link to comment Share on other sites More sharing options...
Lewis Posted April 5, 2011 Share Posted April 5, 2011 I wounder would a Student Loan count as being in debt and give you a credit rating? A few friends have credit cards but not many do ... I've avoided them so far! I need to set up an ISA over Easter so will see whether I can Quote Link to comment Share on other sites More sharing options...
Geoid Posted April 5, 2011 Share Posted April 5, 2011 I have a credit card, which is paid off in full each month by direct debt from my current account. With internet banking it is easy to check if you have enough money in the current account. Fred,where did you get your card? She has applied for a couple,but been turned down Halifax, I wanted to upgrade my current account (so I could get a chequebook ) and I was offered a credit card too. Quote Link to comment Share on other sites More sharing options...
Cinnamon Posted April 5, 2011 Author Share Posted April 5, 2011 Brilliant! I didn't think off applying for one from her own bank....d'oh. Quote Link to comment Share on other sites More sharing options...
whoopsie Posted April 5, 2011 Share Posted April 5, 2011 I concur about the credit card - word of warning though set up a DD to pay the minimum amount just in case she misses a month. One of my payments was delayed, I never knew about it and then I got blacklisted! For £3.50! Quote Link to comment Share on other sites More sharing options...
Geoid Posted April 5, 2011 Share Posted April 5, 2011 I concur about the credit card - word of warning though set up a DD to pay the minimum amount just in case she misses a month. One of my payments was delayed, I never knew about it and then I got blacklisted! For £3.50! Pay the maximum amount by direct debit and there is no interest. Quote Link to comment Share on other sites More sharing options...
scarlettohara Posted April 5, 2011 Share Posted April 5, 2011 Brilliant!I didn't think off applying for one from her own bank....d'oh. Sam was offered a credit card from his bank - Nationwide, he also has a cheque book. Keeps the credit card for emergencies. Quote Link to comment Share on other sites More sharing options...
whoopsie Posted April 5, 2011 Share Posted April 5, 2011 I pay mine off every month if I can (it's for emergencies which I think is the best use for them) but a regular payment of whatever is useful - to stop yourself being caught out like I was. As far as I was aware the balance was zero until the next bill came! Quote Link to comment Share on other sites More sharing options...
