Problem obtaining a credit card.

Marker_2

I have been refused from a few credit card companies recently for bad credit and I dont know why. I really need to get a new credit card as my current one with MBNA is now charging interest more than my monthly DD's.

I had a card with HSBC last year, paid on time, had a high credit limit, earnt them a bit of money etc but they wouldnt let me apply for a new one.

I know we are in a credit crunch at the moment, but I really cant understand why I, someone in secure job on good pay with no worries of a mortgage write now cant get a flipping card!

CLAPTON

what do your credit records say?

Marker_2

Dont know, dont you have to pay for them, cant really afford to part with money for a credit score.

CLAPTON

well, if you don't know why you are being refused then maybe its because there's something on your credit files... you can get paper copies for just £2 each (three agencies) but don't pay for credit score (it means virtually nothing).
Also you can get a 'free' month access to your records but make sure to cancel before the month's up.

Marker_2

Do you know of any agencies?

CLAPTON

there are three credit reference agencies


http://www.experian.co.uk/consumer/index.html

https://www.econsumer.equifax.co.uk/consumer/uk/sitepage.ehtml?forward=gb_elearning_credit14

http://www.callcredit.co.uk/home

Moggles_2

For further tips, see the *How to obtain credit reports* sticky at the top of this board

Moggles_2

Marker wrote: »

I had a card with HSBC last year, paid on time, had a high credit limit, earned them a bit of money etc but they wouldnt let me apply for a new one.

Some lenders, such as HSBC, will not consider applications from former cardholders in the 6 months following closure.