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# 1
lostcause82
Old 09-03-2013, 1:11 PM
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Default Shout credit card

Does anyone have any experience of Shout credit card which is part of Raphaels bank?

Looking for ways of rebuilding credit and have been declined by cap 1, aqua and vanquis.

Thanks
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# 2
waqasahmed
Old 09-03-2013, 6:30 PM
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Holy hell. That looks pretty much exactly like the Rise credit card. I'd stay away from that card. You get charged even if you don't use it. It's almost like carrying a PDL on a CC
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# 3
jack172sp
Old 09-03-2013, 8:52 PM
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Have you tried the Barclaycard Initial? They will give you an instant decision and will be a hell of a lot better than one of those sorry excuses for a card! I wonder what it would work out at in interest if you had 200.01-300 on it??? It's 540 in charges!
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# 4
big Daddy Dave
Old 10-03-2013, 11:57 AM
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i honestly wouldnt bother
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# 5
Anthorn
Old 10-03-2013, 1:17 PM
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Shout is a new one on me but I agree, don't bother. To get declined by Vanquis your credit must really be shot to pieces. Have you tried Capital One Secured?

Other ways to build credit: Cashplus prepaid card creditbuilder, J D Williams account, sim only mobile phone contract.
Aqua Advance 2nd year - 29.9% - Limit 3,350 | Argos Card - 29.9% - Limit 1,200
R.I.P. Vanquis
Average total credit limit used = 15.0%
Allocated gold: Current 2g Goal 1KG
Bad debt free on 6th May 2014 - woot
Settled default (1) free on 24th July 2014 - woot
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# 6
macfamilyent
Old 10-03-2013, 8:15 PM
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I would not recommend the card that the Op is recommending to anyone (sorry if this offends you).

It looks like you are having a tough time OP.

May I ask for your reason in wanting a credit card? Is it help rebuild your credit?

If so, have you looked at the Cap1 secure card (I don't know if you tried - based on your post). If you can't get this - then it look like no know one will allow you to have one.

BTW: I have had a glance @ Shout's website and the card is underwritten/promoted by the same people as Rice - Card Benefit Services LLC - I beleive they lend the money and Raphal Provide the card (it's like a prepaid visa card) - to my understanding.
Good luck
Thank you all for helping me make my day by saving money!

Last edited by macfamilyent; 10-03-2013 at 8:17 PM.
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# 7
lostcause82
Old 16-03-2013, 10:34 AM
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I was declared bankrupt in 2008 and I had debt with Barclaycard, cap 1 and Vanquis. I have a cashplus top up card with the credit builder on and a mobile contract (had this prior to bankruptcy) so hopefully this will help. I don't want to get into debt again (I learned the hard way from my mistakes as a teenager which led to my bankruptcy) but eventually I would like to have my own property which is the only reason I am looking to improve. I am not going to look any further into the Smile card, as it sounds like it is no better then a payday loan. I am hoping if I improve my credit rating a little I can apply to aqua again for this purpose.
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# 8
Anthorn
Old 17-03-2013, 11:15 AM
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Quote:
Originally Posted by lostcause82 View Post
I was declared bankrupt in 2008 and I had debt with Barclaycard, cap 1 and Vanquis. I have a cashplus top up card with the credit builder on and a mobile contract (had this prior to bankruptcy) so hopefully this will help. I don't want to get into debt again (I learned the hard way from my mistakes as a teenager which led to my bankruptcy) but eventually I would like to have my own property which is the only reason I am looking to improve. I am not going to look any further into the Smile card, as it sounds like it is no better then a payday loan. I am hoping if I improve my credit rating a little I can apply to aqua again for this purpose.
I think you mean Shout card, not Smile card.

The biggest problem with rebuilding credit is that only having credit accounts reporting to one or more of the CRAs can rebuild it. All credit accounts which have a balance is debt, it's just not bad debt unless you stop paying. I still recommend J D Williams: Spend a tenner on a personal account from time to time to keep the account fresh and pay it off each time and you have a nice up to date (green) account on your credit report.
Aqua Advance 2nd year - 29.9% - Limit 3,350 | Argos Card - 29.9% - Limit 1,200
R.I.P. Vanquis
Average total credit limit used = 15.0%
Allocated gold: Current 2g Goal 1KG
Bad debt free on 6th May 2014 - woot
Settled default (1) free on 24th July 2014 - woot

Last edited by Anthorn; 17-03-2013 at 11:19 AM.
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# 9
Coveredinbees!!!!
Old 19-04-2013, 1:43 PM
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I like they way they don't charge interest just a 'simple monthly fee' what a con trick

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# 10
SnowTiger
Old 19-04-2013, 3:30 PM
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Quote:
Originally Posted by Coveredinbees!!!! View Post
I like they way they don't charge interest just a 'simple monthly fee' what a con trick
To be fair, the charges are clearly laid out. This message board is full of posts by people who haven't understood how interest is calculated on their credit card. They might find a fee easier to understand.

And, as the monthly charge is based on the account balance when the statement is produced, it appears to allow punters to borrow up to 300 for a few weeks and only pay the 3.50 monthly maintenance charge if they clear the balance before their statement is produced.

Compared to other short-term loan alternatives, such as payday loans and even high street bank overdrafts, Shout doesn't look like such a bad option.

As an example, from 12th July, a 100 overdraft from my bank (Natwest) will cost me 90 a month.

100 on a Shout card would cost 15.

Also, Shout reports to the credit reference agencies. A 100 credit card balance probably looks a lot better to potential lenders than a 100 overdraft.

Having said that, despite its posh name and long history, Raphael & Sons do seem to prey on the less fortunate members of society.
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# 11
UsetheFORCE
Old 19-04-2013, 4:09 PM
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My partner has one of these, under the 'RISE' brand and to be honest, they are perfectly fine for rebuilding credit...HOWEVER if you intend to carry balances and a large amount, DON'T GET ONE!!!

Although there is allegedly a charge even if you don't use it, we leave the car with a CREDIT balance on the statement date and so far have NEVER been charged the 3.50 a month charge.

Also, it is effectively FREE of charges for the period between statement dates so long as the statement doesn't have a balance. My partner got one of these when they first came out...the charges are only 10 per 100 as opposed to the 15 per 100 they advertise now!


Effectively a PAYDAY LOAN FACILITY, which if you act with restraint could work out relatively cheap and help your credit file.
I have numerous qualifications in Business and Finance, Accountancy, Health and Safety and am now studying Law.

Don't rely on anything I write as it may be wrong!!!
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# 12
sharpy2010
Old 20-04-2013, 2:39 AM
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Quote:
Originally Posted by UsetheFORCE View Post
Although there is allegedly a charge even if you don't use it, we leave the car with a CREDIT balance on the statement date and so far have NEVER been charged the 3.50 a month charge.
I'm exactly the same. I have a RISE card (Don't ask), but it is in credit by about 3p, and I've never been charged the 3.50 a month either.
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# 13
The Boss
Old 20-04-2013, 9:37 AM
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CREDIT CARD

(sorry, couldn't resist)
You don't have a "credit score". They do not exist. The number you are referring to is a a random number produced by the credit reference agency using incomplete data to make money out of you.

Different lenders score applications for different financial products differently so there is no 'catch all' score that determines your credit worthiness. Lenders use data from your credit file and also data from your application form that is NOT recorded on your credit file, such as your salary (a key driver), when assessing your application. Different lenders have different criteria, another reason a "credit score" means nothing -data that is considered good for one lender may be considered bad for another. Or vice versa.
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# 14
sharpy2010
Old 20-04-2013, 3:40 PM
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Quote:
Originally Posted by The Boss View Post
CREDIT CARD

(sorry, couldn't resist)
What point are you making, I don't get it?
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# 15
Mozette
Old 20-04-2013, 4:28 PM
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Quote:
Originally Posted by sharpy2010 View Post
What point are you making, I don't get it?
It's a Shout credit card, so the previous poster is shouting credit card.
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# 16
LeeUK
Old 20-04-2013, 4:31 PM
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I have a Rise credit card and got an email at the start of the month saying that my card is being replaced by Shout. Still not arrived yet though.
Lee's No More Kebab Club No.1
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# 17
sharpy2010
Old 20-04-2013, 5:23 PM
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Quote:
Originally Posted by Mozette View Post
It's a Shout credit card, so the previous poster is shouting credit card.
Ohhhhhhhhh hahaha I get it now :-)
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# 18
bigadaj
Old 20-04-2013, 5:48 PM
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Quote:
Originally Posted by sharpy2010 View Post
Ohhhhhhhhh hahaha I get it now :-)
That's what you call getting a RISE out Of someone!
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# 19
The Boss
Old 22-04-2013, 9:19 PM
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Quote:
Originally Posted by sharpy2010 View Post
What point are you making, I don't get it?

Sorry, the other user already pointed to the fact I was shouting credit card as per the subject. Always tempted by a lexical ambiguity. My favourite of the week so far was "Help - stuck in credit card dept" although I resisted the temptation to suggest they follow the 'exit' signs and offered a more sensible reply instead...
You don't have a "credit score". They do not exist. The number you are referring to is a a random number produced by the credit reference agency using incomplete data to make money out of you.

Different lenders score applications for different financial products differently so there is no 'catch all' score that determines your credit worthiness. Lenders use data from your credit file and also data from your application form that is NOT recorded on your credit file, such as your salary (a key driver), when assessing your application. Different lenders have different criteria, another reason a "credit score" means nothing -data that is considered good for one lender may be considered bad for another. Or vice versa.
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# 20
mickdj2
Old 02-06-2013, 8:39 PM
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Default shout visa credit card

as per the shout visa credit card, i have held my card for four months never had any problems with them. i only applied for the card because my credit rating was shot to pieces.and yes i did know what i was letting my self in-for. i always pay the balance in full every month,i only got the card for use in emergency's.i have had to phone customer services a couple of times, and always get put straight through, with no waiting or crappy background music and they are always very helpful if you are looking for a way of helping to rebuild your credit rating this card can help, as long as its used wisely
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