Sub Prime Credit Thread Part III

noah271007

DMP, is that Debt Management Plan? Were you aware there is a DMP taking place? I would have thought DMP is IVA.

sscott5581

noah271007 wrote: »

Well, you haven't got long before all the defaults drop off your file! I reckon Vanguis is best bet to apply. Capital One i think are a bit more strict in their criteria than they were a year ago. Have you applied for both of them yet?

I just discovered today that if you get defaulted in Scotland, it is for 5 years! In England and Wales its 6 years! Talk about injustice eh?

You are incorrect, defaults are on credit files for six years in Scotland as well.

naijapower

noah271007 wrote: »

I used to be subprime. A year ago, I had a default as well over 40 missed payments from various accounts. Guess what, all of them have been erased and deleted through sheer determination and tons of letters! I have an almost spotless credit file except for 1 late payment!
If it can happen to me, it can happen to you lot!

Congrats . must have been tough work. Can you tell us how you went about it. What was your argueing point.
Didnt think they would take away defaults/missed payment until 6 yrs.
How did you bully them into submission? pls share your tips

Parki_2

Well the DMP I was on finished so the note should be removed. Wouldnt have thought it would affect anything as its not an IVA its more of an informal agreement isnt it. I have no debts now though.

Well Aqua said they would let me know in due course and they were going to assess it.

Capital One went through then I signed my agreement thingy on the site so that I could possibly get the card within 7 working days. It seemed to pass the initial credit check though but im not 100%.

never-in-doubt

Brian1966 wrote: »

Evening all
On my 7th statement with Vanquis, made 6 payments, 5 in full, left a balance of £45 last month.
My limit has increased from £500 to £1250 :beer:

Mate i'm on 4th, still the same as 1st!!!!

never-in-doubt

noah271007 wrote: »

Well done, you must be feeling much happier now you got a decent credit limit. I always see £500 credit limit as a little tad low. Now that is reporting to CRA's with the increase credit limit, it should help with the overall score when accessing available credit.

Nah mate, doesn't work like that

Bottom line, you either qualify or you don't...... thought you were doing the new thread for underground? LOL :A

Brian1966

noah271007 wrote: »

Well done, you must be feeling much happier now you got a decent credit limit. I always see £500 credit limit as a little tad low. Now that is reporting to CRA's with the increase credit limit, it should help with the overall score when accessing available credit.

Certainly hope so.
This time last year I had nothing in way of credit rating.
Now it has to be steadily improving.
Pay everything immediately on receipt of statement, normally within 1hr.

Brian1966

never-in-doubt wrote: »

Mate i'm on 4th, still the same as 1st!!!!

Me finks they not like you :rotfl:

never-in-doubt

Brian1966 wrote: »

Certainly hope so.
This time last year I had nothing in way of credit rating.
Now it has to be steadily improving.
Pay everything immediately on receipt of statement, normally within 1hr.

or we could always rent out the everton Mrs....... LOL

never-in-doubt

Brian1966 wrote: »

Me finks they not like you :rotfl:

aaaw, maybe I don't make em enuff dosh haha