Low credit rating?

mr_cool

sutton111 wrote: »

Yes give Vanquis a go they will most likely ring you in a few days if you have been successfull telling you you APR credit limit and Sell you PPI as try to get you to transfer money into your bank account.
Keep us informed of what happens.

What would I do if both card applications are accepted? What is PPI?

sutton111

PPI is Payment protection insurance.
If you are accepted for both card keep both of them, use them to build your credit file up. Just don't go mad . Good Luck.

NickX

mr_cool wrote: »

What would I do if both card applications are accepted? What is PPI?

No problems having 2 cards, the National Average is apparently 5. On here, many of us have over 10

PPI = Payment Protection Insurance.

Personally I wouldn't bother with PPI, its just a money making excercise for the Card Provider.

mr_cool

Thanks, sounds like I wont want PPI

mr_cool

sutton111 wrote: »

Yes give Vanquis a go they will most likely ring you in a few days if you have been successfull telling you you APR credit limit and Sell you PPI as try to get you to transfer money into your bank account.
Keep us informed of what happens.

Capital One declined me but Vanquis accepted me and the card is on its way.

"This is a credit agrement regulated by the consumer credit act 1974, sign it only if you want to be legally bound by its terms":

Well I presume I have to sign this..?

Rich_Richmond

The Consumer Credit Act 1974 (as amended by the Consumer Credit Act 2006) regulates consumer credit and consumer hire agreements. Its protections apply to agreements between traders and individuals, sole traders, partnerships and unincorporated associations, but not agreements made between traders and corporate bodies such as limited companies.

The Act lays down rules covering:
• the form and content of agreements;
• credit advertising;
• the method of calculating the Annual Percentage Rate (APR) of the Total Charge for Credit;
• the procedures to be adopted in the event of default, termination, or early settlement; and
• the unfair relationships test.
I see no harm signing to it. Its not necessarily to be signed.

mr_cool

I see thanks.