Co-op Cards Advice Please

vwman_3

I have just been accepted for a Co-op Card, my friend however has been declined, the Co-op have invited him to appeal the decision, and have asked for an upto date copy of his Experian credit file to be sent along with the appeal letter. so can anyone shed any light on the following.

When they get a copy of his report will it not be the same as they saw when they did a search.

Also in the letter it mentions financial associates could be the cause of the declined application, I have seen his report and it is good and has no adverse entries, he has no associates listed on the report.

Finally are the Co-op any good for allowing appeals or are they just going through the motions.

Thanks in advance.

YorkshireBoy

vwman wrote:

When they get a copy of his report will it not be the same as they saw when they did a search.

No, your friend can see more detail than Co-op can see. For example, things like quotation searches (for mortgages, etc), ID queries, unrecorded enquires, etc are not seen by credit card suppliers searching your file.

Also, like me, you may also have credit provided by your bank that is not reported to the CRA's because the account is being managed well.

Personally, I would NEVER send my own copy of my credit file to a lender.

vwman_3

Thanks YB I didn't know what to tell him about the report, looks like they are on a fishing trip, I'll tell him to re-consider sending it..........

sicker

I applied on line for the co-op card and asked for a balance transfer of £6000 to be done. I was accepted and my card arrived with a credit limit of £3000 and a letter advsing me if I wished a £6000 limit to send cc statements and proof of income wich I duly did. Meanwhile I did a balance transfer of the available £3000 (actually £2950 + £50 fee)for which I was charged £50(max). Checking on line a few days later I found my credit limit increased to £7500. I phoned up and transfered all the available balance to my egg card and said to the lad that did the transfer that it was a pity they had not agreed to my first request as this transfer was now costing 2x£50 . He asked me to hold for a minute and came back to tell me he had returned my original £50 fee so as to only charge me the once. FULL MARKS TO CO-OP. Not only did I finish up with £1500 more than I had requested but they also adjusted there fees in my favour.
A long but positive story on my part.

John

vwman_3

Good result there..........

vwman_3

vwman wrote:

Finally are the Co-op any good for allowing appeals or are they just going through the motions.

Thanks in advance.

Small update
He's sent off the appeal letter AND the copy of his credit report before I could stop him, has anyone who has appealed to the Co-op had any luck being given a card......

maforduk

If like you say his Credit Report is good, there's nothing to worry about.
Good Luck to him.