Immigrationboards.com

Hello,

What a gold mine of information I've just discovered here.

I am likely going to be approved for the HSMP program.

When I immigrate, I would like to establish a high credit rating as fast as possible in the U.K.

Can anyone recommend a good place to look for information about how to establish credit, positive credit history, positive credit ratings etc in the U.K.?

Thanks!

Get a credit card and buy EVERYTHING on credit card.
i.e. use it wherever you can...
if you buy something expensive e.g. TV take it on installments ...
It usually takes around two years to build good credit history.

And three months to ruin it!

get the TV and pay licenses ..

Credit rating is more debt you create and more money you pay as interest.

Getting a credit card right away is difficult. In fact you may struggle to open a bank account. Opening a bank account in UK is the first step.

Register in the council electoral list as well.

SKUK wrote:Getting a credit card right away is difficult. In fact you may struggle to open a bank account. Opening a bank account in UK is the first step.

Register in the council electoral list as well.

you cant register until ILR or naturalization

Hi,

You can register on electrol list as we are part of comman wealth .. if you have not done it do it now .

Thats normally what most of the banks /financial inst check

Hi,

Thank you for all the replies. It appears as if the general strategy for building credit in the U.K. is principally the same as in the U.S. From what I hear, Experian is the Credit Reporting Agency most widely used in the U.K. I'll have to see to what extent, if any at all, my file from the U.S. would be trasferred to the file in the U.K.

Those that replied about registering with the council electoral list, THANKS for your help.