I’m ashamed to admit that I am pretty terrible with money. I have been ever since I went to university the first time around. It didn’t help that I was living in a really expensive city. I could barely afford to pay my rent with my student loan! Luckily, I managed to have a job for the three years I was at university which meant that I could afford to eat. Unfortunately, my boyfriend at the time didn’t have a job so I was feeding him too. I left university with not only my student debts, but a hefty overdraft and a credit card. 

Now, six years later, I’m back at university doing a masters degree. I have another student loan. I’m living back in Winchester again where my rent is £500 a month for a room. I’m only feeding myself this time around, but it’s tough. I have a bad credit rating now, so applying for an overdraft is out of the question. I also definitely could not get anything on finance. This means that when I finish university and want to buy a car, I’ll have to pay for one outright.

Building up your credit score

In order to build my credit back up, I need to make sure I continue to pay off my debts. I also need to make sure I keep up the payments on my phone contract as missing one of them can affect your credit rating badly. When you’re in this situation, it’s also a good idea to get a credit card to help build up your credit rating, as long as you pay it off straight away. A lot of credit card companies won’t accept anyone with bad credit, however Vanquis are here to help. They offer credit cards with a limit from £150 to £1000 with flexible card repayment options. You can also manage your account online and via SMS.

Obviously, getting a credit card isn’t a great idea if you’re just going to spend on it and then make the minimum repayments. If you know that you will pay back the full amount at the end of each month, then it is a good idea to get one to build up your credit rating. It’s a good idea to have a credit card at home just in case of emergencies. I can’t tell you how many times I’ve ran out of money and have had to borrow off my parents until the next payday – that’s not what I want to be doing at 28!

Have you got a good credit score? How have you built yours up?



  1. April 11, 2018 / 12:43 pm

    Thanks for this personal post. I too have credit card debt, trying to pay off things which happened with my home. But I try to make larger chunk payments when I can. I notice this helps.
    Love Debs x

  2. Jess
    April 12, 2018 / 11:23 am

    Honestly I’m horrendous with money too! I have a huge overdraft that’s been haunting me since I left uni and just when I think I’m done with it I creep back in. Thanks for the tips because I genuinely know NOTHING about building up good credit. I’ve actually been really scared of getting a credit card, just in case I get into trouble with it.

  3. April 12, 2018 / 11:50 am

    I have been working on building mine up as its bad from when I was a single parent. It is a long process

  4. April 12, 2018 / 2:00 pm

    When we were looking to get our mortgage my husband spent some time working to get a better credit score, it’s definitely worth doing!

  5. April 12, 2018 / 10:41 pm

    When I hit my 20s my credit was AWFUL I had, had my ID stolen and while most of the debt had been written off it still left it marks on my credit record. It took me a long time to build it right back up.

  6. April 13, 2018 / 2:22 am

    I think at some point we all go through a stage like this and then eventually we learn to handle our finances better. It’s good to have a company like that to help you out as well, at least for getting a credit card.

  7. April 13, 2018 / 6:57 am

    I have used a Vanquis card to help rebuild my credit score after being forced into bankruptcy by a horrible ex-partner many, many years ago. It’s really helped and didn’t take long to build up again, thankfully!

  8. April 13, 2018 / 4:22 pm

    Great advice. I had poor credit in my late teens/early twenties as I was irresponsible and missed payments. I regret it now!

  9. Katy
    April 14, 2018 / 7:11 am

    If I hadn’t met my husband I dread to think what shape my finances would be in. Thankfully he doesn’t believe in credit cards and spending money we don’t have so we just tighten our belts and cut out luxuries and our credit score is really good.

  10. April 14, 2018 / 9:26 am

    I think it’s always a shame that university can put people in a bad position because of credit, this was part of the reason I chose to stay at home x

  11. April 14, 2018 / 1:52 pm

    Credit cards are great if you know how to use it. If not, better pay in cash. Life is unpredictable, it would really be good to have a credit card for emergencies.

  12. April 14, 2018 / 2:35 pm

    Yes, we try to buy everything on the credit card and then pay t straight off as you’re right it can really help your credit.

  13. April 14, 2018 / 3:47 pm

    My mummy did a masters too which really made it hard to manage her money, along with a failed business she is slowly building up her credit rating again. Small steps x

  14. April 15, 2018 / 8:46 am

    When I was at uni a good 5 years ago now I also came into debt because I didnt have student finance and worked two jobs. Thankfully I got a great graduate job, wrote down all that I owed and worked with whomever I owed to come to a fee to pay monthly and I paid it off within 18 months post uni. It’s doable just need budgeting and a nice job dont hurt. Good luck

  15. April 15, 2018 / 9:50 am

    Credit is such a strange game. But it’s so important to have a credit card and to use it wisely because every big purchase depends on it.

  16. Dannii
    April 15, 2018 / 2:44 pm

    I had bad credit for years after making some stupid mistakes at uni. But I built it up and I have great credit now and got a mortgage on just my name. So it can be done!

  17. Jemma
    April 16, 2018 / 10:44 am

    Credit and gaining good credit can be so tough. Thankfully we managed to sort ou bad credit out and bought a house last year.

  18. April 17, 2018 / 12:23 am

    Thank you for this informative post! I have been tying my best to increase my credit. Im Now at 770 but hubby has it higher. I’m sure my debt is in play.

  19. April 17, 2018 / 12:24 am

    Thank you for this informative post! I have been tying my best to increase my credit. I’m now at 770 but hubby has his higher. I’m sure my debt is in play.

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