Archived Discussion Topic

how do we get credit rating?       started by sunqueeno on 10 Feb 2011   (23386)
Message InfoMessage
From sunqueeno

10 Feb 2011 9:10 PM
Hi all. Can anyone advise us how we get some credit rating? We went to sign up to mobile phone contracts today and because we dont have any credit rating we were declined! We have been here 6 months now and dont owe anybody anything. We bought the cars outright and dont have any loans, great situation you would think but obviously not! Does this also mean we wouldn't be able to sign up for a credit card?
From baz_nicola

To sunqueeno

10 Feb 2011 10:10 PM
Are you renting or on a mortgage? (not sure if it makes a difference) Our story is that we got here and bought property straight away, so had a mortgage, with all that banking garbage they gave us credit cards which we used but always paid off on time so i always thought that goes against you (as a GOOD debter 'sort of thing') but we, like you applied to telstra in Lakeside, Joondalup, after 6 months and had no problems, It was my wife that pushed me as i just thought no chance and 4 years later we still have the same number. Thats the only thing i can think of cos apart form the mortgage we also didnt owe anything, go stamp your feet and good luck. Baz
From moirclan

To sunqueeno

10 Feb 2011 11:26 PM
i had a girl friend who owned her house out right etc , with no debt you can loose your credit rating , so every few years she would buy some thing intrest free , eg if she needed a fridge or washer machine through harvey norman , she could afford to pay for it out right but she would do it intrest free for a year pay it in six months and her credit rating was good for another few years, i suggest you go and see the bank about a credit card just get one with a thousand on it , [ they will give you a higher limit , just ring the bank when you have the card and lower the limit ] and it should start your credit rating ,