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The Sub Prime Credit Thread - Part IV

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Comments

  • BugsyBrowne
    BugsyBrowne Posts: 5,697 Forumite
    Its-A-New-Age-Thing wrote: »
    MMMMMMMMMMMMMM further clarification about FLYBE

    RIGHT thats it then peeps FLYBE IS 100% SCORED HIGHER IF NOT HIGHEST OF SYGMA CARDS

    Think you might be right..
  • noah271007
    noah271007 Posts: 1,248 Forumite
    Its-A-New-Age-Thing wrote: »
    MMMMMMMMMMMMMM further clarification about FLYBE

    RIGHT thats it then peeps FLYBE IS 100% SCORED HIGHER IF NOT HIGHEST OF SYGMA CARDS

    I did mention this saying Flybe probably is the flagship of all sgyma cards....after all it has a potential max credit limit of £20,000.

    Others i don't think have this.
  • Innocent_Guy
    Innocent_Guy Posts: 5,369 Forumite
    Its-A-New-Age-Thing wrote: »
    i bet u scanned through ure sygma silver and typed that onto it

    :p

    I will post images of both cards when they arrive :mad:;)
    Bank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
    Credit Cards - Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
    6 credit accounts closed in 2010!
    Official SOS Club number 001 - Dry until 01.07.10
  • Innocent_Guy
    Innocent_Guy Posts: 5,369 Forumite
    noah271007 wrote: »
    It looks like a glitch if Sygma policy is true that you have to wait for 6 months .... it is weird that on their website it clearly stated that to apply for a card you need to have a clean credit history...no defaults, no arrears etc and yet they are accepting people from left to right especially with silver card.

    Its not a glitch, but the fact is you can make applications within the 90day period everyone is quoting?

    When I applied mine referred, I called up and was asked had I recently made an application as the system is showing duplicate app. I advised the lady that I had recently applied for the Silver card and was accepted. She popped me on hold and then said 'Congratulations your application has been approved and credit limit is £5000' :eek::eek::eek:
    Bank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
    Credit Cards - Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
    6 credit accounts closed in 2010!
    Official SOS Club number 001 - Dry until 01.07.10
  • Innocent_Guy
    Innocent_Guy Posts: 5,369 Forumite
    noah271007 wrote: »
    I wouldn't be surprised if representives from Sygma Bank are reading this with concern and perhaps tighten the critieria for people applying for their products in the near future.

    I wouldnt understand why as none of us on here are intending to default, if anything we are more likely to pay than others!
    Bank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
    Credit Cards - Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
    6 credit accounts closed in 2010!
    Official SOS Club number 001 - Dry until 01.07.10
  • Innocent_Guy
    Innocent_Guy Posts: 5,369 Forumite
    Its-A-New-Age-Thing wrote: »
    what made me LAUGH bout SYGMA is i recieved my first statement for my SILVER CARD the same day as a REJECTION letter for their FLYBE CARD telling me to try VANQUIS

    :rotfl:

    I would defiantly appeal there decision and ask them to check your Silver account.
    Bank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
    Credit Cards - Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
    6 credit accounts closed in 2010!
    Official SOS Club number 001 - Dry until 01.07.10
  • Innocent_Guy
    Innocent_Guy Posts: 5,369 Forumite
    noah271007 wrote: »
    LOL. Thats a good one....Sygmaprime:D

    There is no such thing as the bridge for the gap between subprime and mainstream...it is either black (subprime)or white(prime).

    Some lenders search back 3 years, some more. There is no way knowing how the system works and luck does play its part for some people.

    There are few here who got old defaults being accepted for mainstream bank credit card.

    As stated above its either prime or not.

    This card is a prime card however they appear to have 'relaxed' the criteria recently
    Bank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
    Credit Cards - Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
    6 credit accounts closed in 2010!
    Official SOS Club number 001 - Dry until 01.07.10
  • Innocent_Guy
    Innocent_Guy Posts: 5,369 Forumite
    noah271007 wrote: »
    Ive called them yesterday and told them im not happy with 1K limit. He said that after 4 months i can make a credit limit request to 2K

    Does that mean i can increase my 5k to 10k :eek::eek:

    * Innocent passes out
    Bank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
    Credit Cards - Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
    6 credit accounts closed in 2010!
    Official SOS Club number 001 - Dry until 01.07.10
  • noah271007
    noah271007 Posts: 1,248 Forumite
    And now you got a HSBC credit card!! Lucky fcucker!!
  • Innocent_Guy
    Innocent_Guy Posts: 5,369 Forumite
    doelani wrote: »
    Hi everyone

    Hubby and I both have Silvermastercards with £2k limit each. I have mine about 4 months him about 2 months.

    We have between us about 16 defaults all dated May 05 , which is date we entered IVA. We finished IVA in May 2008. I would add that out credit files do not mention anywhere about IVA just defaults and all now paid. We also have other credit cards, mortgage etc

    We have both been turned down for Flybe cards in the past and again last week lol We got the " apply for Vanquis" letter yesterday.

    It seems as others have said sygma will accept any Tom !!!!!! or Harry lol
    But you are a homeowner that default 5-6 years ago!!!!

    You have alot to loose should you default the card, I assume they can take your house from you?
    Bank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
    Credit Cards - Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
    6 credit accounts closed in 2010!
    Official SOS Club number 001 - Dry until 01.07.10
This discussion has been closed.
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