Thread: How long for my credit score to go up?

Im 19 and i'm from the United Kingdom. I've had a bank account in my own name for about 4 years, which has at least 2 direct debits that come off a month which i've never missed. Ive never missed a payment for any thing in my life, and have always kept my bank account well in credit. Also I have stayed at the one address all my life.

I recently got approved for a Capital One progress card, which i've had for about 2 weeks now. Ive used it about 4 times and payed off the payments already, which i plan on doing, and not letting a big lump build up. I was planning on using about £50 a month on it and paying it off in full.

How long will it take for me to build up a decent credit score if i keep doing this? and what would be my rough score just now? I tried Experian Credit Score check, but it was very confusing and the documents they sent me were a load of crap.

I was hoping to get a American Express card after my credit score goes up, but the AmEx range in the UK is pretty bad.

Thanks for your help.

you are only 19 years old, you already have 1 credit card the Capital1. I wouldn't worry about raising your credit score. If I were you I would just go out and enjoy your card and pay your bill in full.

hey tzarjay

i am a year older than you, but i can tell you what i did to raise my score an get some cool cards...

1. i opened an account with bank of america when i was 18
2. after using their card for about half a year, i applied for the barclays miles and more and got a cl of 1k
3. after about 1yr of using it, barclay raised my limit to 2k
4. almost another year has gone by and i applied for amex zync and hhonors amex... both approved

pay all your bills on time, never miss a payment... in a few years you will be good to go!