NEED HELP!! Change of Address and Approved Credit Card Applications

knowme

Cleaver wrote: »

Yes, mine and Normanmark's.

any other??

olly300

knowme wrote: »

any other??

No there isn't.

You need to think about it commercially from the credit card companies point of view at this time when there is highly likely to be a recession when there will be a problem with people not paying their bills due to increasing numbers of people being made unemployed.

Don't you think it's strange that someone applies for lots of credit at an apparently stable address then moves? It makes you look high risk of being a fraudulent applicant.

When you originally applied in one week your credit file didn't have on it that you applied for all the other cards. Now it does and the fact you moved addresses makes you a risky customer.

What you need to do is:
1. Use the credit cards you have responsible
2. Increase the credit limits on the ones you have if you need to. (Like the other said you are better of getting a loan unless the cards you have have a 0% rate.)
3. Get yourself on the electoral role asap
4. Reapply in 6 months plus time if you need a new credit card or need to stooze.
5. Don't move house for years.
6. Pay all your bills on time and ensure that mobile phone companies don't put crap on your credit file
7. Don't run up other debts

You don't need lots of credit cards to have a good credit record.

Up until 2 years ago I only had 2 credit cards and I am older than you. I have never had a problem getting credit. (I got more credit cards because I wanted to get nectar points and to stooze. )

knowme

olly300 wrote: »

No there isn't.

You need to think about it commercially from the credit card companies point of view at this time when there is highly likely to be a recession when there will be a problem with people not paying their bills due to increasing numbers of people being made unemployed.

Don't you think it's strange that someone applies for lots of credit at an apparently stable address then moves? It makes you look high risk of being a fraudulent applicant.

When you originally applied in one week your credit file didn't have on it that you applied for all the other cards. Now it does and the fact you moved addresses makes you a risky customer.

What you need to do is:
1. Use the credit cards you have responsible
2. Increase the credit limits on the ones you have if you need to. (Like the other said you are better of getting a loan unless the cards you have have a 0% rate.)
3. Get yourself on the electoral role asap
4. Reapply in 6 months plus time if you need a new credit card or need to stooze.
5. Don't move house for years.
6. Pay all your bills on time and ensure that mobile phone companies don't put crap on your credit file
7. Don't run up other debts

You don't need lots of credit cards to have a good credit record.

Up until 2 years ago I only had 2 credit cards and I am older than you. I have never had a problem getting credit. (I got more credit cards because I wanted to get nectar points and to stooze. )

thanks for the explanation.

This implies that I should forfeit the limits that I was able to secure

nzseries1

knowme wrote: »

This implies that I should forfeit the limits that I was able to secure

Pretty much - they gave you that limit based on the information you supplied in your application. If they choose to decline you a card once you move house (your circumstances have changed since the original application), there isn't really a lot you can do about it

I know you covered the mail redirection briefly earlier, but why exactly weren't you able to set up a mail redirection? Did you have to move with less than 5 days' notice?

WhySoHard_2

Regional Head of Dunces

knowme

WhySoHard wrote: »

Regional Head of Dunces

_pale_

olly300

knowme wrote: »

This implies that I should forfeit the limits that I was able to secure

If you need an increased limit then ask the companies you already have credit with.

If they don't view you as high risk they will increase the limit for you.

Some companies automatically increase limits for people without asking for it depending on their use of their cards.