Sub Prime Credit Thread Part III

Bosie

Thanks for welcome and hello to Brian! Wish my hubby gave me a nibble more often, keep me of the cards(credit,not playing)
On Aqua's website it say's credit up to £2200, yet hubby now has £2400? They started him off with a £1000 limit and he's been with them just over a year.

Bo x

bigbum_2

Bosie wrote: »

Thanks for welcome and hello to Brian! Wish my hubby gave me a nibble more often, keep me of the cards(credit,not playing)
On Aqua's website it say's credit up to £2200, yet hubby now has £2400? They started him off with a £1000 limit and he's been with them just over a year.

Bo x

Oooooh, Matron!

bigbum_2

Guys, i know this is a very basic and simple question to you brainiacs, but if i get a catalogue account but not use it (ie. place any orders) will the green '0's still ratched up on my credit file?

cifpower

You would have to use the account. You could buy something and then return it - that shows a kind of activity and had triggered green 0 on my Freemans account

Innocent_Guy

bigbum wrote: »

Guys, i know this is a very basic and simple question to you brainiacs, but if i get a catalogue account but not use it (ie. place any orders) will the green '0's still ratched up on my credit file?

Yes although if the account is inactive they will close it.

Brian1966

bigbum wrote: »

Guys, i know this is a very basic and simple question to you brainiacs, but if i get a catalogue account but not use it (ie. place any orders) will the green '0's still ratched up on my credit file?

Buy something relatively cheap and use the interest free period to the max if it's just green zero's you want. Most offer 20 weeks, then repeat the process. Dont forget your discount on first order too. :beer:

cifpower

Innocent_Guy wrote: »

Yes although if the account is inactive they will close it.

Will they? Who does this? I have a Studio account which has not been used since December but its still open. Equifax record it as "zzz" which means inactive

Innocent_Guy

cifpower wrote: »

Will they? Who does this? I have a Studio account which has not been used since December but its still open. Equifax record it as "zzz" which means inactive

LLyods close OH account after 4 months of NO use ( Never had ANY transactions)

Next close after 12 months of inactivity

cifpower

Interesting

never-in-doubt

cifpower wrote: »

Will they? Who does this? I have a Studio account which has not been used since December but its still open. Equifax record it as "zzz" which means inactive

Studio is an exception because it is primarily a christmas / seasonal goods club so you may have it dormant for a while and is expected.

Most catalogues make account dormant and then you kinda reapply, like a mini application.... this basically is an excuse for them to do a CRA on you.