Sub Prime Credit Thread Part II

sutton111

duggie1982 wrote: »

I'll just try and wait for a pre approved one then so they dont do another search

What other credit do you have Duggie?

duggie1982

got capone classic with £500, Vanquis with £250. Also have 2 RBS accounts showing on my cf as 'current account' but are just standard solo cards. got a 10k loan settled 3 years ago. On voters role for about 6 months even though at house for over 6 years and 4 defualts, 2 mobile and 2 catalogs.

sutton111

duggie1982 wrote: »

got capone classic with £500, Vanquis with £250. Also have 2 RBS accounts showing on my cf as 'current account' but are just standard solo cards. got a 10k loan settled 3 years ago. On voters role for about 6 months even though at house for over 6 years and 4 defualts, 2 mobile and 2 catalogs.

So It's not to bad then.

I can't get Vanquis. I've paid my defaults off now they are marked as satisfied now, so I'm hoping when I apply for Vanquis or Aqua in October I'll get accepted!

TheEffect

Innocent_Guy wrote: »

There is no guarantee with anything. Why would effect get 3 cards but not offer O/D by HSBC? I get O/D and 1 card?

Aqua and Vanquis accepted me as soon as I turned 18. I had no history and hardly any searches, so to them, I probably looked like a huge risk as they had no idea whether I was going to take their money and run. I'm really surprised they accepted me.

CapitalOne declined me in January, after I turned 18. I sent an appeal letter and a few weeks ago, got a letter back saying no, so I just reapplied online and got accepted (a week after they had said no to my appeal, weird, as they did a unrecorded credit check as well).

Now I have Vanquis £250, Aqua £250, CapitalOne £100, HSBC Current Account Advance, Lloyds TSB Classic Account, o2 iPhone 3G contract.

I've asked Aqua today to up my limit to £500. They said they'll look at my account and give me a decision in a few days. I've only had the account 2/3 months.

I'm not incurring any more searches. I just managed to get 5 searches removed from Equifax, and 3 from Experian, so I have around 10 on both Equifax and Experian now. I'm going to leave it around 6 months before applying for an overdraft with Lloyds. Hopefully, everything will be fine then.

My aim is to scrap all the sub-prime cards by December 2009, and get a mainstream card with Lloyds. By then, I should have 9/10 months of credit history on 4 credit accounts, 1 current, all reported greens.

Today, I set up minimum direct debit to Aqua and Vanquis. I guess it looks good for me to have a direct debit on file with them, and it looks good on my current account.

duggie1982

None of my defaults have been paid but due to drop off in the next 12 months. Well thats what the cra's said so should have a clear credit file next year i believe and because i have these current green 0's means i dont end up with no credit on my file. Forgot to say i have a ccj due to drop of in march 09. I was going to pay the defualts and ccj but they have built up and 2 of them are no longer companies

sutton111

TheEffect wrote: »

Aqua and Vanquis accepted me as soon as I turned 18. I had no history and hardly any searches, so to them, I probably looked like a huge risk as they had no idea whether I was going to take their money and run. I'm really surprised they accepted me.

CapitalOne declined me in January, after I turned 18. I sent an appeal letter and a few weeks ago, got a letter back saying no, so I just reapplied online and got accepted (a week after they had said no to my appeal, weird, as they did a unrecorded credit check as well).

Now I have Vanquis £250, Aqua £250, CapitalOne £100, HSBC Current Account Advance, Lloyds TSB Classic Account, o2 iPhone 3G contract.

I've asked Aqua today to up my limit to £500. They said they'll look at my account and give me a decision in a few days. I've only had the account 2/3 months.

I'm not incurring any more searches. I just managed to get 5 searches removed from Equifax, and 3 from Experian, so I have around 10 on both Equifax and Experian now. I'm going to leave it around 6 months before applying for an overdraft with Lloyds. Hopefully, everything will be fine then.

My aim is to scrap all the sub-prime cards by December 2009, and get a mainstream card with Lloyds. By then, I should have 9/10 months of credit history on 4 credit accounts, 1 current, all reported greens.

Today, I set up minimum direct debit to Aqua and Vanquis. I guess it looks good for me to have a direct debit on file with them, and it looks good on my current account.

I thought you have to wait 6 months between Capital One applications?

I'm pleased that has changed.

I still have my NOC on my Experian account, so even if I applied it would get referred!

duggie1982

The details i gave was on my call credit report. still wating on the other 2 to come through the post

sutton111

duggie1982 wrote: »

None of my defaults have been paid but due to drop off in the next 12 months. Well thats what the cra's said so should have a clear credit file next year i believe and because i have these current green 0's means i dont end up with no credit on my file. Forgot to say i have a ccj due to drop of in march 09. I was going to pay the defualts and ccj but they have built up and 2 of them are no longer companies

Are you on the Electoral roll?

I can't understand why I never got a Vanquis card, especially with what you have told me you have.

duggie1982

yip on the electoral since october 2008 but was declined for aqua. I think i got cap one as had one a few years ago with the matched deposit credit, closed that down and waited 6 months and applied again with no deposit needed. Thats what probably helped with vanquis

sutton111

duggie1982 wrote: »

yip on the electoral since october 2008 but was declined for aqua. I think i got cap one as had one a few years ago with the matched deposit credit, closed that down and waited 6 months and applied again with no deposit needed. Thats what probably helped with vanquis

Yes I would agree with that.