Sub Prime Credit Thread Part III

never-in-doubt

Parki wrote: »

So for example Mr Nid.

When my credit history is clean. Does it go off closed accounts aswell? I have £1k limit with cap1, £250 vanquis. But MBNA have just closed my account as I have paid them off. But this account never defaulted or had late payments. The limit was
5k.

So does this doubling go off active accounts or do recently closed ones come into play aswell?

NO - only open accounts that is why people say don't leave dormant accounts open as it wastes available credit (available in that you could, at a later date spend it) so they take it into account.

Only exception is closed accounts - otherwise it's counted as a total available credit and assessed against your salary! If you earn say £5k per month, you'll get good limits and varying cards...... i'm on card 3 now (plus my super subbie Vanquis!).... til I get amex i'll not be totally happy as this is the top dog mainstream card!! Similarly, a first direct bank account.

bigbum_2

Parki wrote: »

Well I could do but I dont want to phone up and them say let me just check your file, this seems to be some kind of error and then they put the phone down ;p

Nah I dont do security work, if I did there would be que of burgulars lining the streets ;p I think its NID that looks after rich peoples houses.

Well I would only be looking and not touching. How do you know Bri is big? That sounds very naughty to me! But I have much to learn. Well me and Bri should go on holiday, you coming? All of us should go, we can just stick it on our cards, then get NID to get it wiped off for us so it would be like a freebie.

LOL - How do i know Bri is big? He told me, so it MUST be true

Well, i'm potless, so if we are going somewhere you guys will have to pay for it all. Deal?

Parki_2

never-in-doubt wrote: »

NO - only open accounts that is why people say don't leave dormant accounts open as it wastes available credit (available in that you could, at a later date spend it) so they take it into account.

Only exception is closed accounts - otherwise it's counted as a total available credit and assessed against your salary! If you earn say £5k per month, you'll get good limits and varying cards...... i'm on card 3 now (plus my super subbie Vanquis!).... til I get amex i'll not be totally happy as this is the top dog mainstream card!! Similarly, a first direct bank account.

Well I suppose its better to set your sights high. I just cant wait to get back onto mainstream. Even sub-prime is nice when you have gone a few years without any credit.

ElkyElky

I'd love Amex. Applied before and got declined

never-in-doubt

bigbum wrote: »

LOL - How do i know Bri is big? He told me, so it MUST be true

Well, i'm potless, so if we are going somewhere you guys will have to pay for it all. Deal?

Brian has the new Natwest card, Parki has the new Flybe card, London has the new BOI card and I have the new HSBC card so between us we'll be able to treat you - don;t you worry!

(**N-i-D wonders if sports bar / liverpool street takes plastic**)

Parki_2

Elky they have put your Vanquis apr upto that? That is shocking and you must be a good customer to have such a limit.

never-in-doubt

ElkyElky wrote: »

I'd love Amex. Applied before and got declined

Applied 4 times this year - declined each time - I told em last time that I wanted to be the first westerner to break Amex into Cuba and they hung up on me

never-in-doubt

Parki wrote: »

Elky they have put your Vanquis apr upto that? That is shocking and you must be a good customer to have such a limit.

Look at the APR though - arghhhhh frightening! :eek::eek::eek:

Parki_2

never-in-doubt wrote: »

Applied 4 times this year - declined each time - I told em last time that I wanted to be the first westerner to break Amex into Cuba and they hung up on me

How rude of them ;p

ElkyElky

Parki wrote: »

Elky they have put your Vanquis apr upto that? That is shocking and you must be a good customer to have such a limit.

Yep, shame I can't spend on the card though. I have a nice lovely limit and I can't touch it because of the interest. :mad: