Provided that you do pay your statement invoices on time and in full, you’ll start to create a good credit history. Obviously, no lender will take one payment as evidence of your capabilities to repay your debt on time and in full. However, so long as you continue to this for a period of time, even a relatively short period of time, such as three or six months, you’ll then start to find that other lenders are willing to lend you money based on your good credit history.

If applying for a store card or hire purchase loan doesn’t seem an acceptable way for you to create a good history of credit, an alternative you can consider is a secured credit card. Essentially a secured credit card requires you to maintain your credit card from a bank account and the limit of your credit will be a percentage of your account holdings. While not strictly a credit arrangement, the issuer then gets to see that you have the capabilities to repay the credit.

Keep in mind that your credit rating will be essential to any credit card application you make. Consequently, before applying for a card you should really make an application to a credit rating agency to ensure that you have managed to build your credit card history up sufficiently not to have too much difficulty applying. In the event that you think the credit rating report is wrong, you should immediately set out the reasons why you think this to the agency so that you can correct any errors in your history before you apply for the credit card. Checking your credit reports is very important here you can understand how to check your credit reports.