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  • FIRST POST
    • V_K
    • By V_K 10th Jun 17, 4:18 PM
    • 2Posts
    • 0Thanks
    V_K
    Can you open a new account with Very after closing one previously?
    • #1
    • 10th Jun 17, 4:18 PM
    Can you open a new account with Very after closing one previously? 10th Jun 17 at 4:18 PM
    About two weeks ago I closed my very account as I thought I would have no use for it. However, they now have a sweet £200 cashback offer for the new 2017 Macbook pro which I'm hoping to take advantage of. Can I open a new Very account again? Would this negatively affect my credit score?
Page 1
    • zx81
    • By zx81 10th Jun 17, 4:22 PM
    • 11,972 Posts
    • 12,113 Thanks
    zx81
    • #2
    • 10th Jun 17, 4:22 PM
    • #2
    • 10th Jun 17, 4:22 PM
    Have a look at their conditions re new customers. It should be on there.

    Any new account will show in your files that lenders will look at and take a view on. Excessive credit can be viewed badly. You don't have a credit score.
    • MABLE
    • By MABLE 10th Jun 17, 6:52 PM
    • 3,191 Posts
    • 1,691 Thanks
    MABLE
    • #3
    • 10th Jun 17, 6:52 PM
    • #3
    • 10th Jun 17, 6:52 PM
    About two weeks ago I closed my very account as I thought I would have no use for it. However, they now have a sweet £200 cashback offer for the new 2017 Macbook pro which I'm hoping to take advantage of. Can I open a new Very account again? Would this negatively affect my credit score?
    Originally posted by V_K
    I did this a while ago and closed the account but about a year later applied for the account again. However I was credit scored again.
    • bengal-stripe
    • By bengal-stripe 10th Jun 17, 7:38 PM
    • 3,122 Posts
    • 2,004 Thanks
    bengal-stripe
    • #4
    • 10th Jun 17, 7:38 PM
    • #4
    • 10th Jun 17, 7:38 PM
    About two weeks ago I closed my very account as I thought I would have no use for it.
    Originally posted by V_K
    I did this a while ago and closed the account but about a year later applied for the account again.
    Originally posted by MABLE
    Most (maybe all) Credit Cards stipulate that there must be three or six months between a previous account closure and a new application. The OP (having closed the account only recently) is likely to fall short of this requirement and the bank might refuse to consider an application at this point in time.

    In Mable's case, there was a whole year between closure and application.
    • V_K
    • By V_K 10th Jun 17, 10:07 PM
    • 2 Posts
    • 0 Thanks
    V_K
    • #5
    • 10th Jun 17, 10:07 PM
    • #5
    • 10th Jun 17, 10:07 PM
    Most (maybe all) Credit Cards stipulate that there must be three or six months between a previous account closure and a new application. The OP (having closed the account only recently) is likely to fall short of this requirement and the bank might refuse to consider an application at this point in time.

    In Mable's case, there was a whole year between closure and application.
    Originally posted by bengal-stripe
    I see. But does catalogue credit follow the same principle?
    • angryparcel
    • By angryparcel 10th Jun 17, 10:11 PM
    • 757 Posts
    • 416 Thanks
    angryparcel
    • #6
    • 10th Jun 17, 10:11 PM
    • #6
    • 10th Jun 17, 10:11 PM
    I see. But does catalogue credit follow the same principle?
    Originally posted by V_K
    i think it is something within the consumer credit act, so it will affect all
    • SnowTiger
    • By SnowTiger 10th Jun 17, 10:12 PM
    • 2,914 Posts
    • 1,889 Thanks
    SnowTiger
    • #7
    • 10th Jun 17, 10:12 PM
    • #7
    • 10th Jun 17, 10:12 PM
    Very is a (catalogue) shopping credit account, not a credit card.

    I couldn't see anything in their sign up info or T&Cs about a time limit between closing and opening an account.

    They may have an unwritten rule, however, in place to stop customers closing and opening accounts to take advantage of discounts they offer new (credit) customers.

    In the OP's case the 10% new (credit) account discount they're currently offering can't be used with the £200 MacBook Pro offer.

    If I were the OP I would apply and see what happens.

    It will be listed as a credit search on OP's credit report. I don't know how important that is. I've opened several credit card and bank accounts within the past six months and haven't received any rejections. The number of recent credit searches is only part of the picture.
    • A4445
    • By A4445 10th Jun 17, 10:32 PM
    • 572 Posts
    • 269 Thanks
    A4445
    • #8
    • 10th Jun 17, 10:32 PM
    • #8
    • 10th Jun 17, 10:32 PM
    Very's criteria is quite easy going they allow people with previous defaults accounts. I'd say apply and see, a few credit searches isn't the end of the world.
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