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Sub Prime Credit Thread Part III

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  • Innocent_Guy
    Innocent_Guy Posts: 5,369 Forumite
    BTW an account review is one credit check and the systemn generates something like

    LOAN - £1000
    Overdraft - £2000
    Credit Card - £5500
    Bank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
    Credit Cards - Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
    6 credit accounts closed in 2010!
    Official SOS Club number 001 - Dry until 01.07.10
  • TheEffect
    TheEffect Posts: 2,293 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Innocent_Guy wrote: »
    Did you apply for those products or did you ask for an account review?

    I applied online.
  • Innocent_Guy
    Innocent_Guy Posts: 5,369 Forumite
    TheEffect wrote: »
    I applied online.
    Remember to always do it in branch!!!!

    Personal bankers have the authority to override certain declines and the account review option shows all available lending.
    Bank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
    Credit Cards - Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
    6 credit accounts closed in 2010!
    Official SOS Club number 001 - Dry until 01.07.10
  • Innocent_Guy
    Innocent_Guy Posts: 5,369 Forumite
    Did you ask them the reason for the decline?
    Bank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
    Credit Cards - Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
    6 credit accounts closed in 2010!
    Official SOS Club number 001 - Dry until 01.07.10
  • TheEffect
    TheEffect Posts: 2,293 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Innocent_Guy wrote: »
    Did you ask them the reason for the decline?

    Just the usual 'We use Credit Scoring and you did not meet our level of acceptance.'' I appealed the CC decline, sent in CC statements, a copy of my credit report, but they still said no.
  • Innocent_Guy
    Innocent_Guy Posts: 5,369 Forumite
    Another thing to find out is what your behaviour score is. Now when I applied for my overdraft I had a BS of 32 and defaults registered againist me ( fraud )
    Now, I never knew that I had these fraudulent items on my credit file however HSBC still offered me an overdraft. I assume it was on my BS even though it was low. I have been told that it is not reccommend to apply for lending with a BS lower that 40!
    Bank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
    Credit Cards - Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
    6 credit accounts closed in 2010!
    Official SOS Club number 001 - Dry until 01.07.10
  • Innocent_Guy
    Innocent_Guy Posts: 5,369 Forumite
    TheEffect wrote: »
    Just the usual 'We use Credit Scoring and you did not meet our level of acceptance.'' I appealed the CC decline, sent in CC statements, a copy of my credit report, but they still said no.
    Sorry to hear that! Just try bring up your BS and appeal it like NID did
    Bank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
    Credit Cards - Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
    6 credit accounts closed in 2010!
    Official SOS Club number 001 - Dry until 01.07.10
  • sutton111
    sutton111 Posts: 6,302 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Innocent_Guy wrote: »
    Sorry to hear that! Just try bring up your BS and appeal it like NID did

    What's happening with Next? Do you still have an account? They keep changing my limit too.
  • TheEffect
    TheEffect Posts: 2,293 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I just phoned HSBC Borrowing and Lending Department. He said the overdraft was declined on Credit Scoring. He said that the overdraft cannot be appealed, and that the next step would be to go to my local branch and talk to them, but giving me an overdraft would be totally at their discretion.
  • Innocent_Guy
    Innocent_Guy Posts: 5,369 Forumite
    sutton111 wrote: »
    What's happening with Next? Do you still have an account? They keep changing my limit too.
    #5763

    Account still open!! Whats you limit at?
    Bank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
    Credit Cards - Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
    6 credit accounts closed in 2010!
    Official SOS Club number 001 - Dry until 01.07.10
This discussion has been closed.
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