My name is Vee ,
I just want to know what can I do or have for me to be able to qualify for credit on consumers retail stores. I was blacklisted when I was still at school before and my account was settled and paid out in full in 2012 03 march when I started working. I was sent a letter saying my account has been removed from Transunion and I confirmed it also by viewing my credit report that they sent me. Now the problem is I cant get an account from any store. I’ve tried most stores but nothing. Please reply and advice me on what to do as I wanted to buy a car but I can’t as I dont qualify because of not having any account.
Your credit score is most likely the thing that is holding you back. Keep in mind that your whole payment history is kept on your credit record. The combination of all your payments forms your credit score.
If you remove the adverse listings it will not immediately increase your credit score. Your payment history is still there, and it is going to take some time for your credit score to increase.
It is important that you wait about 6 months before applying for any credit. Everytime you apply for credit and you are declined it also negatively affects your credit score. You must be patient, allow some time to pass, and pull your credit report again in 6 months.
the payment history will remain there for 24 months… but generally your credit score starts to recover after about 6 months. Provided that you did not do anything to harm your credit score in the meanwhile.
Key here is to be patient and be informed about what is going on with your credit report.