The defaults stay on your credit file for 6 years. The VR will help massively but if you want finance any time soon, you need to apply for small items and pay the off immediately. Store cards, mobile phones etc.
There is a credit card you can use to build up your credit rating but you need to buy stuff and pay it off immediately. Link is http://www.vanquis.co.uk/credit-cards/?ref=GO_AT&aff=Sub-Prime-Exact-credit_card_for_bad_credit&_$ja=kw:credit+card+for+bad+credit|cgn:BAU+-+Bad+Credit+Credit+Card|cgid:2289948398|tsid:38762|cn:BAU+-+Vanquis+Sub+Prime|cid:17107298|lid:26012580|mt:Exact|nw:search|crid:16968199598&gclid=CODeiJCFp7cCFfLKtAodhj8Apg
Overdrafts generally aren't shown on your credit file but paying it off probably wouldn't hurt.
Yeah that's the credit card I got last year. Never defaulted on any payments, always made well on time and for more than the minimum amount.
Taken from another forum
Time at address - the longer the better and stability is a major plus
Residential Status - homeowner is best obviously, followed by Living With Parents, then tenant
I always put in my mums address, and that I've been there for about 17 years
Time in job - again, stability is best
Type of job - you get a better score if you work for the Govt (school, council etc..)
Time with bank - again, this enhances your score
I've been in my civil service job for 4 and a half years now, and with my bank for about 15 years. They rejected my application for a £2k loan 3 months ago
What WILL show up are mobile phones, Virgin/SKY, monthly car insurance, credit cards, loans, overdrafts, mortgage, HP.
Only ever had that one mobile phone mentioned above. Have had Sky/Virgin for 5 years now, and again, never missed a payment. Car Insurance I've had for 14 months. Overdraft I've had for 4 years. When I get paid, it puts me in a couple of hundred quid credit for about 4 or 5 days, but then I go back into the overdraft for the rest of the month.
Dont really know what more I can do apart from pay the credit card and overdraft in full. But the overdraft diodnt show on the credit report I got last week, neither did any historical Sky info/Car insurance payments. Literally just the credit card which was all green, and the phone which I defaulted on.
With the phone debt being taken over by a collection agency, is the onus on them to notify the credit ref agency, or is the onus still with Orange, who the contract was with?