Sub Prime Credit Thread Part III

TheEffect

fairmorn308 wrote: »

good evening

thats me paid off my vanquis account and closed it aswell. am happy now

I paid mine off a few weeks ago and closed it. They updated my file as Settled yesterday. Just paid off Aqua... waiting for the payment to go through (few days), then I'll close it on the 19th as long as CapitalOne up my limit (4th statement).

fairmorn308

well my account isnt exactly closed yet but will be once payment has cleared but here is the problem 2 months ago i ordered a replacement card and they closed the old account and marked as settled on my file. then opened a new account for this card but its only vanquis that has done this as i did this with all my CCs. Not sure if should leave it open to get the green zeros but dont spend on it and give the CC to my OH half to keep safe?

dukey

A question about credit reports....

I believe that renting has a negative impact on credit score and being a home owner has a positive impact?

I have recently moved from rented (and furnished) accomodation into my own home. Will my credit worthiness have gone up or down?

I'm asking as curious. I'm not applying just yet as NID is helping me getting rid of a default.

Oh and for the vigilant people out there. Yes I managed to get a decent mortgage even though I have a default!

Innocent_Guy

TheEffect wrote: »

Sent off the forms the other day. I did put 'No' when it asked 'Do you want an overdraft' when applying, as from my past experience, if I say yes and do not meet the criteria for the overdraft, they decline the whole application.

I phoned and was told it was all going through and had been accepted, they're just processing my signed paperwork. Once I get it all setup, I'll apply for an overdraft and see what they say.

Good luck, I had a run in with NW when I was about 15 and they closed my account so I better not apply again

Innocent_Guy

jimbobs12 wrote: »

i got no debt - a crazy world full of people obsessed with money

WHEN YOU SEE HEXAGONS OF LIGHTNING FLASH ACROSS THE WHOLE OF THE NIGHT SKY KNOW THEN THAT THE TIME HAS COME

truthofgod.myfreeforum.org

Good for you

hopeless_case_2

hi just wondered if anyone on here can help i am after a car loan for £9000 not so good credit rating and self employed thing is i can prove only £17,000 income. Any idea how much i could borrow?

hopeless_case_2

sorry forgot to say mortgage payments are £704 and £15 for lap top no other credit.

hopeless_case_2

help anyone?

fairmorn308

good morning everyone

CannyJock

hopeless_case wrote: »

help anyone?

Maximum of 25% of net annual income after deducting tax and annual repayments on other debts.

It's as accurate a guess as you'll get without a lot more information - noticed your posts goings unanswered so thought I'd jump on to help, will leave you in the capable hands of the other SP'ers now. :cool:

The reality is nobody on the forum can tell you for sure. For a 9k car loan, I would start with my bank for the lowest APR. Car dealers may be able to arrange finance but it'll be a higher APR. And the sub-prime car finance companies (if they still exist) will charge crazy APR and require a kidney.

If you're really stuck, you could always try www.zopa.com where I've saw some people listing loans for cars. Whether lenders will give you the money or not depends entirely on what you put in your listing.