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Know if you're accepted before you apply with QuickCheck

  • Get credit - up to £1,500
  • QuickCheck won’t affect your credit rating
  • Get a fast response in 60 seconds

34.9% APR Representative (variable)
Intelligent Lending Ltd (Credit Broker). Capital One is the exclusive lender

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Making repayments

It might sound obvious, but don’t borrow anything that you’re not sure you’ll be able to pay back. This rule applies to everyone using credit but especially so when you’re unemployed and you don’t have as much money coming in every month. You don’t want to spend £500 on a holiday on a whim and then have to struggle to pay your bills for months because you can’t afford the repayments.

Whilst with a credit card you don’t have to repay the amount you’ve borrowed in full at the end of the month, you should try your best to do this, as if you can’t pay it all off you’ll then be charged interest on your balance. However, if clearing your balance simply isn’t an option, make sure you remember to pay at least the minimum every month, and set up a Direct Debit from your account if you think you’ll forget.

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Rebuilding your credit history

If you’ve had problems with credit in the past, this will also limit the range of credit cards you’ll be accepted for. Missed payments, defaults or CCJs will leave a mark on your credit history and it means that some credit card providers just won’t accept you. 

There are credit cards available for people who have got a bad credit history, which are designed to help you manage borrowing responsibly and can even help you rebuild your credit profile. Not all of these cards will necessarily be available to those who are unemployed though, as some will specify a minimum income. Make sure you’re aware of any restrictions before you apply by checking on a credit card comparison website, as applying and then being rejected for a few different credit cards will look bad on your credit history.

Find more about checking your credit score here.

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Ocean Credit Card

One card that could help you rebuild your credit history is the Ocean Credit Card with 34.9% APR representative. It’s designed for people with bad credit or who don’t have much history of borrowing because they haven’t borrowed before.

You need an annual income of at least £3,000 to apply for the Ocean Credit Card, which can include any benefits, so your application may be successful even if you’re unemployed, as long as you meet the other criteria.

With a relatively small initial credit limit, the card ensures that you’ll only be able borrow as much as you can afford to repay. Used responsibly, this could help you to improve your credit history by demonstrating that you’re able to borrow money and make at least the minimum repayment every month.

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Managing your account

It’s easy to manage the Ocean Credit Card as you can log in to your account online. This means you can check your balance while you’re on the go and make payments, so you’ll be able to keep your borrowing under control.

You may also be able to add up to three extra cardholders to your account, meaning you can manage the family’s borrowing in one place. Remember though – as the main cardholder, you’re ultimately responsible for all transactions on the account.

If you’re looking to get the Ocean Credit Card, you can apply online and receive a response in 60 seconds.

Ocean and Ocean Finance are trading names of Intelligent Lending Limited. We are the credit broker for the Ocean Card. Capital One is the lender, and they pay us for our services.

Know if you're accepted before you apply with QuickCheck

  • Get credit - up to £1,500
  • QuickCheck won’t affect your credit rating
  • Get a fast response in 60 seconds

34.9% APR Representative (variable)
Intelligent Lending Ltd (Credit Broker). Capital One is the exclusive lender

Check Now