I wondered if anyone could answer a question I have? I currently have numerous direct debits for things such as water bills, virgin media, car and house insurance, etc and I wondered if keeping these monthly payments up to date goes anyway to improve your credit rating once you are discharged? I would have thought they were classed as contracts, so on time payments would go towards giving you a good credit rating over time. Is that correct or not?
As far as I am aware keeping up these repayments does go towards improving your credit rating in the same way that keeping up repayments on credit cards can also help your rating.
it shows which of your utilities register the direct debits, my home insurance was listed but not buildings insurance both with same company ! so no logic, watch this space as i am collating a list of the nice friendly companies that assist with rebuilding the file
Good credit rating ?
Posted - 10 November 2010 : 17:44:29
