Mistakes made several years ago can still haunt you when you are trying to rebuild your credit rating. There is nothing worse than receiving that “Thank you for your application, We Regret to inform you” message.
Catalogue companies are generally easier to be accepted for than other forms of credit such as Credit Cards, but there are still credit scoring and credit checks to pass. Millions of people a year are declined for Credit, so you are not alone.
To build a better or a good credit rating, you first need to be accepted to show you can manage and repay your debt, but if everyone keeps rejecting your application how can you possibly jump that first hurdle?
We do have Catalogues that will offer you the chance to get items even with bad credit. By law they still need to carry out certain checks, such as affordability checks, but 99% of customers are accepted and with the Choice Freedom Catalogue reporting your repayments back to the Credit Reference agencies you can start to build your credit rating.
It's not going to happen overnight, but once you have made 12-24 repayments on time, you will probably find that applications to more mainstream credit will be considered more closely.
That in turn with any defaults or CCJ's becoming older (meaning they are becoming less of an importance to any new lender).