V A N Q U I S

SnowTiger

TheGenerus1 wrote: »

I believe it is more likely Tier C :-

Tier C) Purchase/Balance Transfer annual rate 34.95%, Cheque annual rate 44.95%, Cash annual rate 53.63%

Vanquis disagrees: http://www.vanquis.co.uk/summary.

caz2003uk

1111 wrote: »

Did they offer to give u an amount upfront into your bank? I applied last week and when they rang me asked me about protecting it which i accepted and went on to say thy could make a payment in to my normal bank, i have received my pin now but still no card x

Yea they offered the cash advance which I declined without question!

I also accepted the plan they offer but I'm going to opt out as its a credit builder for me rather than a line of credit so why should I pay them 1.29% every month when I won't be in a position of owing them loads that I can't pay? I'm paying one amount out on it once a month and paying off in full!

I would contact them about the fact you have receive the pin but not the card as generally the card comes first!

suarez07

Hi all
Just come across this thread and really want to start rebuilding my credit. I don't know whether anyone has been accepted with similar background or can say whether I have a possible/good chance of obtaining a credit card from Vanquis with my criteria below?
Thanks in advance

• Based on Experian, I have had a credit score of 999 for the past 3 months (I know scores don't really count).
• I have 3 CCJs on my record. The first was ordered on 20/06/2010, and was satisfied on 15/02/2012. The second was ordered on 10/02/2011 and was satisfied on 18/04/2011. The third was ordered on 19/09/2011 and was satisfied on 21/02/2011. All are cleared and marked as satisfied on my records.
• I'm on the electoral roll and have been for the past 4 months at my new home.
• I have 1 credit card status marked as default on my report, but the balance is satisfied - last updated with zero balance and closed on 04/12/2011.
• My HSBC bank account has excellent scoring, with frequent income going in (my salary is 5k NET per month). I have no overdraft facility. Had this account open for 15 years.
• I have no recent credit searches on my record. My last search for credit was around 4-5 years ago.
• I was a homeowner and sold my property 4 months ago. I had been paying my mortgage on time for the past 12 months before selling.
• Number of missed or late payments in the last year is 1.
• Number of accounts overdue is 0.
• Amount of outstanding debt is £0 - I have no mortgage, credit cards, personal loans etc.
• I have savings (bank saving account & ISA) of 6k - though I understand credit applications do not look at this?

McClane54

Just apply , 1 search wont make hardly a difference if what you say is true! then you'll find out if you'll get excepeted or not

suarez07

Thanks for the reply.

Just wondering on previous experience for people - I now have 0 payments late or missed in the last 12 months. The only outstanding item I have in the last 12 months now is a settled CCJ, which was settled on 21st February 2012.

Should I wait until 22nd February 2013 to apply (meaning this last CCJ was settled over 12 months ago), or does it not really matter?

I just know / have read some companies do not want any CCJS / missed payments still outstanding in the last 12 months...

Thanks.

Anthorn

david_bedford wrote: »

Got my card today \o/ with a £500 limit, didn't expect that much.

Also interest rate is monthly purchase 2.839% and cash is 3.433%, what is the APR?

Same as mine: Purchase interest of 39.94% APR. Don't know about the cash interest APR because I generally ignored that bit because I'm not silly enough to get a cash advance.

Anthorn

suarez07, I think you will be rejected due to the very short time at your present address - 4 months. But there's no harm in applying, all they can do is say an emphatic "NO!" but they might approve your application.

fleetwoodguy

Just noticed this on my Vanquis account - 30 Nov 12 EX GRATIA £5.00 CR

i wasn't expecting it, and in all honesty wasn't going to spend anything on the card this month because i want to close the thing - i've got a direct debit for the full amount coming out next month, will this put my account into credit or will the DD be reduced accordingly?

anyone else had a £5 ex gratia credit in the last week?

suarez07

Been accepted!

Applied at 4.30pm yesterday online, had a call at 5pm to confirm details I had already entered in, and they said I've been accepted with £500 starting limit / 39.9% APR - with card and pin coming to me in the next 7-14 days!

Had to cut them short a couple of times with the PPI hard-sale speech, but all done n' dusted.

JustinCredibleGillespie

Congratulations happy days!

JCG

xx