Sub Prime Credit Thread Part II

sutton111

cifpower wrote: »

Me thinks you have an over active imagaination

:rotfl: :rotfl:

TheEffect

sutton111 wrote: »

Too be honset I like the look of the card.

My money does go up that much. I only get carers allowance and Income support.

Don't just apply for the look for the card. It's not worth £100+ a year. You get bored of the card very quickly. I had the same thoughts and regretted getting it. Just get a standard current account and a nice silver Visa Debit.

sutton111

TheEffect wrote: »

Don't just apply for the look for the card. It's not worth £100+ a year. You get bored of the card very quickly. I had the same thoughts and regretted getting it. Just get a standard current account and a nice silver Visa Debit.

So you think it will go through then?

Even with my 2 defaults. How many searches did you have on your Experian file when you applied. I have 24.

TheEffect

sutton111 wrote: »

So you think it will go through then?

Even with my 2 defaults. How many searches did you have on your Experian file when you applied. I have 24.

I have 9 currently (Within the last 3 months). I had 4 when I applied for a HSBC Current Account.

I'd wait 3 months and then apply for a standard current account or current account advance. In the 3 months, do not apply for any more credit products or anything that results in a search.

When do your defaults drop off?

UncleSimit

Geenyweeny wrote: »

lol capital one has a lower APR doesn't it? - so sure! lol

Well I intend to pay in full every month so the APR doesn't matter to me. It's just I've heard Vanquis increase your limit reletively quick.

seeya23

MasterSimit wrote: »

Well I intend to pay in full every month so the APR doesn't matter to me. It's just I've heard Vanquis increase your limit reletively quick.

that the best way to pay off in full

seeya23

good evening to all

sutton111

TheEffect wrote: »

I have 9 currently (Within the last 3 months). I had 4 when I applied for a HSBC Current Account.



I'd wait 3 months and then apply for a standard current account or current account advance. In the 3 months, do not apply for any more credit products or anything that results in a search.

When do your defaults drop off?

2012.

I'm hoping them being satisfied will help. What do you think?

TheEffect

sutton111 wrote: »

2012.

I'm hoping them being satisfied will help. What do you think?

To be honest, I know hardly anything about defaults apart from they stay on your record for 6 years and drastically effects your chance of getting credit facilities.

sutton111

TheEffect wrote: »

To be honest, I know hardly anything about defaults apart from they stay on your record for 6 years and drastically effects your chance of getting credit facilities.

Thats all I know, really.

I have been told that a satisfied default is better than a un-satisfied but that's just common sense. How much better is what I would like to know.