Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Bank claims: 'Use credit builder accounts' to improve credit rating

Many people have a poor credit rating or have never owed banks money at all, which can make it difficult for them to make a loan claim or incur credit card charges.

The Mirror points out people who have never borrowed before will not have a credit history, which means moneylenders will be unsure whether or not they can meet their debts and financial obligations.

Other people will find it difficult to take out a loan because they have borrowed in the past but been late with repayments.

A solution to this issue is making credit card charges with a credit builder account, which are relatively easy to obtain but have high interest rates.

Using them sensibly for a number of years should make it easier for a person to borrow money, the publication remarked.

"These cards allow you to build or repair your credit history gradually and are tailored for borrowers with a less than perfect credit score," the newspaper added.

Samantha Clarke
Samantha is a former banking assistant and has over ten years experience in retail banking.ADNFCR-2776-ID-801343272-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B16, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide