Sub Prime Credit Thread Part II

Innocent_Guy · 31 March 2009 at 11:28AM

never-in-doubt wrote: »

Yes mate and notice neither of them actually have an account with BOI? Thats why I told you to do tesco cos you'd have got accepted - i always get accepted but fail the second checks due to the 6mth block!

Do the differnet card have different scoring??
I can see the one you applied for which was the bonus CC

never-in-doubt · 31 March 2009 at 11:29AM

Innocent_Guy wrote: »

Do the differnet card have different scoring??
I can see the one you applied for which was the bonus CC

Mate do you read anything I write? go back to page 264 (ish) and you'll see I answered these before!

never-in-doubt · 31 March 2009 at 11:31AM

Innocent_Guy wrote: »

Do the differnet card have different scoring??

ONLY when you're going for platinum/high end cards. Otherwise when you pass, you pass. I have been accepted for Natwest, Tesco & RBS but each time they write and say no even though system says yes! They do several checks mate

Credit score ONLY at online stage
credit search the day after
if acceptable they post you forms to sign
then they manually check everything at underwriting when you return forms including a 2nd credit check.... using Experian first then a follow up with Equifax.

usually at this point you get definite yes/no

ftm2009 · 31 March 2009 at 11:32AM

Hello I am new to the forum and wonder if any experts out there could advise me as to what to do regarding my Credit cards I have the following cards at the moment

Visa Vanquis (very high interest just opened it to repair credit rating) £250 limit (cleared)
Capital One Visa (also a credit score repair card £500 limit) (cleared)
Barclaycard Breathe Mastercard £2150 limit £1000 owed but can clear if neccesary (0% at the minute)
Tesco Clubcard Mastercard £2000 limit £1000 owed but can clear if neccesary (0% at the minute)

My query is that I applied for a store card at house of fraser (if I agreed then I got £50 off a purchase) and was declined

, yet days earlier I was granted my tesco card which I believe also mastercard as house of frasers is could this be the reason why I was declined ? too many cards from one supplier ? and if so which of the above cards are best to cancel and indeed is there any others I can apply for that are not affiliated to the above?

Hope it all makes sense to someone out there
Regards
Steve

never-in-doubt · 31 March 2009 at 11:34AM

ftm2009 wrote: »

Hello I am new to the forum and wonder if any experts out there could advise me as to what to do regarding my Credit cards I have the following cards at the moment

Visa Vanquis (very high interest just opened it to repair credit rating) £250 limit (cleared)
Capital One Visa (also a credit score repair card £500 limit) (cleared)
Barclaycard Breathe Mastercard £2150 limit £1000 owed but can clear if neccesary (0% at the minute)
Tesco Clubcard Mastercard £2000 limit £1000 owed but can clear if neccesary (0% at the minute)

My query is that I applied for a store card at house of fraser (if I agreed then I got £50 off a purchase) and was declined , yet days earlier I was granted my tesco card which I believe also mastercard as house of frasers is could this be the reason why I was declined ? too many cards from one supplier ? and if so which of the above cards are best to cancel and indeed is there any others I can apply for that are not affiliated to the above?

Hope it all makes sense to someone out there
Regards
Steve

Steve

The Fraser Card is GE Money - they are quite strict to be honest. Avoid the likes of Debenhams and other similar stores as they all use GE (so do Asda)

Have you actually got a tesco card or were you just accepted online? See my post here: #5475 did you get those screens?