Vanquis Increases / Statements

never-in-doubt

Dippychick wrote: »

dont they credit check before handing out higher balances?

No, but they do get their monthly feeds (CAIS) so this tells them whether you're a high risk etc....

paulmcerlean

I applied on Monday, got told I'd hear in 7 - 10 days, heard nothing yet. Not even a credit check done yet as of this morning. Well, I got the credit agreement email but thats just automated.

Is this normal?

never-in-doubt

paulmcerlean wrote: »

I applied on Monday, got told I'd hear in 7 - 10 days, heard nothing yet. Not even a credit check done yet as of this morning. Well, I got the credit agreement email but thats just automated.

Is this normal?

Perfectly normal - just hold fire - they will call you if they need to confirm anything etc... :D

NekoZombie

Hello - new to this thread. Just applied and been accpeted for a Vanquis card. Limit £250, APR 59.9. It's the worst rate but I'm happy to be back on the grid as I went BR in 2007. I have a NEXT account with a limit of £2000 (Increased very quickly from £250 in about 6 months but I pay in full every month). Fingers crossed Vanquis will also help my credit rating...it's a very hard, long slog!

LinuxAllTheWay

NekoZombie wrote: »

Hello - new to this thread. Just applied and been accpeted for a Vanquis card. Limit £250, APR 59.9. It's the worst rate but I'm happy to be back on the grid as I went BR in 2007. I have a NEXT account with a limit of £2000 (Increased very quickly from £250 in about 6 months but I pay in full every month). Fingers crossed Vanquis will also help my credit rating...it's a very hard, long slog!

Well done, you're on the right road. Just do yourself a massive favour; use the card but pay the balance off each month. The limit will increase over time, don't be tempted to keep a balance on there, just pay it off each month otherwise the interest will cripple you.

NekoZombie

LinuxAllTheWay wrote: »

Well done, you're on the right road. Just do yourself a massive favour; use the card but pay the balance off each month. The limit will increase over time, don't be tempted to keep a balance on there, just pay it off each month otherwise the interest will cripple you.

Agreed! I have no intention of leaving a balance at that rate! Am planning to use it for all spending but pay off in full every month.

dawnie1972

Ok i recently got a vanquis card, have paid the balance in full every month, last month i paid my balance at the time i received the statement instead of the balance on my statement meaning i actually paid more than i need to but it put my balance back to 0.00. Received this months statement yesterday and have been charged £2.64 purchase interest - why? I don't understand.

LDJ2009

Applied for a Vanquis card today and got the 7-10 day message

fingers crossed as my credit rating took a battering with the payday loan hell (all my own doing)

I'm hoping to pay off what i owe on the remaining loans within 3 months so i'd like a fresh start with my credit file

magiciansgirl

dawnie1972 wrote: »

Ok i recently got a vanquis card, have paid the balance in full every month, last month i paid my balance at the time i received the statement instead of the balance on my statement meaning i actually paid more than i need to but it put my balance back to 0.00. Received this months statement yesterday and have been charged £2.64 purchase interest - why? I don't understand.

I got the same purchase interest thing on my statement and I pay off the balance in full via DD. Am about to tackle them about it.

Kind regards,

MG

Kandipandi

Is there still no way to access your Vanquis statement online?
This would be very handy.