Sub Prime Credit Thread Part III

Innocent_Guy

noah271007 wrote: »

My application for £100 overdraft has been declined by HSBC - i have paid off the managed loan in full, got a behaviour internal score of 60, and clean credit files from all 3 credit ref agencies (except for 1,2 and 3 late payment on vodafone mobile account back in 2004 on Experian file)... i feel P I S S E D off , don't know where to turn now. I got a salary paying more than £2,500 per month.
Whats more interesting is that there is no reason given...so i will have to write to head office and find out why i have been declined for a meany £100 overdraft!!!!

HSBC are a wild bunch. I have an account with them, have recently only cycled small amounts through the account & have been using the o/d and they sent me a letter confirim my overdraft is guarnteed for another year and I could extend if I wanted to.....
Bear in mind tho, HSBC applied this overdraft when I had the incorrect linked address showing defaults... Oh well..... Best bet will be to write in. They are usually good at calling you back and then you can discuss it

cifpower

Just got a new phone contract with Voda for the SE Satio! I'm well chuffed!

Also, I am due my next Vanquis bump tomorrow so should be getting the Gold card hopefully.

fairmorn308

good evening troops

CHANGEyourMP

fairmorn308 wrote: »

If the link is meant to be removed 2 years after the date added i have ones added from 2002 which are still on my file.

Sorry, should have said 8 Years, had debt collection searches in my mind for some reason!:eek:

CHANGEyourMP

noah271007 wrote: »

My application for £100 overdraft has been declined by HSBC - i have paid off the managed loan in full, got a behaviour internal score of 60, and clean credit files from all 3 credit ref agencies (except for 1,2 and 3 late payment on vodafone mobile account back in 2004 on Experian file)... i feel P I S S E D off , don't know where to turn now. I got a salary paying more than £2,500 per month.
Whats more interesting is that there is no reason given...so i will have to write to head office and find out why i have been declined for a meany £100 overdraft!!!!

Steer clear of managed loans, once you have had one of those, HSBC will no longer want to lend to you even if you repayed it, this is because they viewed you as a high risk borrower after putting you on to it.

cifpower

New statement from Vanquis produced today and no increase in limit. Will probably keep the same card too. Boo!

UncleSimit

digitalphase wrote: »

Congrats :beer:

May I ask how long it took your file to recover and what your adverse was?

Thanks.

All my credit accounts have been opened within the last year (see sig) but I think it was due to my behaviour score with RBS and the fact that my default is now 3 years old, that I was accepted.

doelani

cifpower wrote: »

Also, I am due my next Vanquis bump tomorrow so should be getting the Gold card hopefully.

I never got a Gold Card :mad: should I ring and complain before I close it ? lol

noah271007

CHANGEyourMP wrote: »

Steer clear of managed loans, once you have had one of those, HSBC will no longer want to lend to you even if you repayed it, this is because they viewed you as a high risk borrower after putting you on to it.

Nonsense! Where did you get this from?
I had a perfect payment record on managed loan, and a decent behaviour score of 60....if they think im a high risk then, then why my hsbc internal behaviour score is 60?

If what you are saying is true, then i might as well close the account!!

I have been reassured by the staff at the branch that once managed loan is paid off in full, then i will have my account marker removed to previous status and can apply their credit products as long the behaviour score is above 50/60!

izools

doelani wrote: »

I never got a Gold Card :mad: should I ring and complain before I close it ? lol

Is it really worth arguing with those Chatham Chavs?

Vanquis Customer Service is diabolical, you'll probably end up more furious than when you picked up the phone!

Still you can get some satisfaction calling them saying "Gold Card? No? OK Close account then, chavs."