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Appeals
melorablack
Posts: 1,113 Forumite
in Credit cards
When you appeal a decision to decline you for a credit card and send the CC company all the documentation they asked for to look at your application again, are they supposed to tell you why in detail if they still decline you? All they have said is pretty much along the lines of "Sorry better luck next time".
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Comments
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they dont have to say Im afraid0
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That sucks, we've done everything to check the credit report is spotless and even spoke to experian who said they can't see a thing wrong with it at all! There are only 2 searches on it for the last 12 months and even got declined for an Aqua card! :mad:0
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Did you speak to Aqua to find out why you were declined? If you get to speak to one of the underwriters they may give you an idea of what the problem is.
Are you on the electoral role? Have you any historic credit problems?0 -
melorablack wrote: »...credit report is spotless...
Alas, and as proven here, you'd be better of printing your own 'credit report'. Equally worthless for the private consumer.
Just get a pen and paper next time and you'll be able to work out if you might get a card.
These scumbags like Equifax/Experian must love this business.
Try Vanquis if you've not already.0 -
Did you speak to Aqua to find out why you were declined? If you get to speak to one of the underwriters they may give you an idea of what the problem is.
Are you on the electoral role? Have you any historic credit problems?
I didn't speak to anyone at Aqua no, because the website didn't even think about it before declining me - I clicked submit and got an instant "No" from them - I'm telling you my computer has never loaded a page on the internet as fast as that!!!:rolleyes:
I am on the electoral roll, lived as same address for 19 months, 1 previous credit card (Barclaycard Initial) which I closed over a year ago. £500 overfraft facility on a joint bank account with my spouse, which we never use. Never missed a payment, nothing at all wrong with anything financial. But last time I tried about a year ago I couldn't even get a phone on contract
I can't build up my credit history if no-one will give me credit.0 -
tried capital one classic card?
Have you tried applying for a barclaycard inital again? Why was your last one closed?0 -
Alas, and as proven here, you'd be better of printing your own 'credit report'. Equally worthless for the private consumer.
Just get a pen and paper next time and you'll be able to work out if you might get a card.
These scumbags like Equifax/Experian must love this business.
Try Vanquis if you've not already.
I'm sure most people will do, but PLEASE ignore these comments Ms T keeps posting.
When declined for cards it's massively important to see what is on your credit file.0 -
I'm sure most people will do, but PLEASE ignore these comments Ms T keeps posting.
I actually think Ms T has a point.
I have been making several applications for credit cards to use for stoozing recently. One provider declined me straight off - the first decline I have ever had. I appealed and still a decline. Apparently my Credit File suggested financial hardship (This might have something to do with the £30k+ of Credit Card Debt with a total available credit of £90k). However I then went to a different provider (actually a HBOS underwritten card) and was accepted online in seconds with a £9500 limit.
Where is the logic in that ?
Different Providers read the Credit Reports in different ways, they have their own selection criteria. At the end of the day, you as the customer know your own history and the relevence of looking at the report is limited IMO, unless there is incorrect information or you suspect fraud. And as for the Credit Scores, they are less meaningful than knowing the number of blades of grass in your garden.0 -
I actually think Ms T has a point.
I have been making several applications for credit cards to use for stoozing recently. One provider declined me straight off - the first decline I have ever had. I appealed and still a decline. Apparently my Credit File suggested financial hardship (This might have something to do with the £30k+ of Credit Card Debt with a total available credit of £90k). However I then went to a different provider (actually a HBOS underwritten card) and was accepted online in seconds with a £9500 limit.
Where is the logic in that ?
Different Providers read the Credit Reports in different ways, they have their own selection criteria. At the end of the day, you as the customer know your own history and the relevence of looking at the report is limited IMO, unless there is incorrect information or you suspect fraud. And as for the Credit Scores, they are less meaningful than knowing the number of blades of grass in your garden.
I completely agree that different lenders have different critera. Despite no adverse information, as an intelligent person I'm sure you understand completely why a lender may be concerned offering you a card when you have such large limits available already. If it wasn't for stoozing, this would suggest you were in a position where you could get out of your depth.
Of course every lender will assess the information differently, and place varying degrees of importance on the different information. However I stand by comment that if you are finding it difficult to get ANY credit, then it's important to be aware of what is on your credit file, so you can understand which things could be causing these rejections.
I would never suggest paying for a credit score for the above reasons, but having an idea of the raw data is the correct thing to do.
Ms T seems to have a hatred of credit reference agencies and pushes this feeling every time they are discussed, even if it's the wrong advice which I feel it was in this case.0 -
bingy_burge wrote: »tried capital one classic card?
Have you tried applying for a barclaycard inital again? Why was your last one closed?
The barclay card was closed because I of the really high interest rate and I wanted to try and get a better card with a lower interest rate. Obviously that was a mistake because ever since I haven't been able to get anything :rolleyes:
Thanks for all your advice guys :beer:0
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