I have just seen my first credit report, and I was expecting it to be a bit better, but having read through it, I think that all the negatives arent that bad, and will be fixed in time, but I need your help to clarify them for me.
Quick Background - I have got my first Credit Card half a year ago (3500 limit, using ~1000 a month, paying full), opened new bank account a month ago, changed house, got new internet, phone contact, all utility bills on my name and new, quite a few credit checks for all of that.
You have recently opened 1 or more new credit accounts. - I have opened a new bank account a month ago, and I got my first Credit Card about a half a year ago - so this will go away when these are older a bit?
The age of your accounts indicates lenders are likely to view you as higher risk - So im guessing this is because of the new account/credit card as well? Or internet/phone contracts too?
You have revolving credit that has been open for less than 10 months. - New credit card?
You have no successfully settled non-mail order accounts. - What is this and how to remove it?
The usage of your available credit indicates a lower risk
And I also has just been put on electoral roll - After that my score improved from 480 to 550
So am I good to think that all of these bad things will go away in some time?If yes, how long should I have to wait until applying for a new CC? Also, why 3 out of 4 negatives, are related to new CC, as it looks like it. Wouldnt one be enough?
What is the most annnoying, is that my housemate, who doesnt even have a CC, no bills on her name etc, has 900 credit score, doesnt seem fair
Please help me understand this credit report, Thanks