My husband and I have recently returned to the UK after living in Spain for more than 15 years, and we are finding it impossible to get a credit card because we have no credit record in this country.
It is really annoying not to be able to shop online. Can you suggest what we can do?
Five mistakes that could be ruining your credit report.
If you have been making multiple applications for cards you need to stop, because you are damaging your chances of future success. Multiple refusals make you appear to banks’ appraisal systems like a potential fraudster or someone desperate for credit.
Your first move to establish your credentials is to ensure you are on the electoral roll. Then, if you have a bank account, you could approach your branch and discuss whether they will help you to get a card.
You could also search on the internet for cards advertised as being for ‘poor credit history’ or ‘impaired credit’. These cards will not offer the best rates and may have a low credit limit, but if you obtain one and use it regularly and responsibly you will build up your credit history so that you can apply for a better one in a year or two.
Subscribe to Saga Magazine to read Annie Shaw's monthly column.
The opinions expressed are those of the author and are not held by Saga unless specifically stated.
The material is for general information only and does not constitute investment, tax, legal, medical or other form of advice. You should not rely on this information to make (or refrain from making) any decisions. Always obtain independent, professional advice for your own particular situation.