Sub Prime Credit Thread Part III

TheEffect

ElkyElky wrote: »

You'll just have to try hard. With that amount of searches, no doubt any application will be declined and that'll be another worthless search added.

By this time next year, you could have a wallet full of main stream cards with nice limits and 0% deals... and that'll give you plenty of time to clear your subprime cards, so you can ditch them when the main stream start rolling in.

I don't have nearly as much searches as you. I think I only have roughly about 5-6 but that is still too much for my liking. I'm holding off until my Vanquis is marked as settled on my file before applying for another main stream. I was about to apply for an HSBC bank account but closed the page when I reached the last stage of the application.

I'm hopefully off to university next september, so I'll be skint and staying away from the main-stream cards. Hoping for a nice overdraft and student credit card though.

ElkyElky

TheEffect wrote: »

I'm hopefully off to university next september, so I'll be skint and staying away from the main-stream cards. Hoping for a nice overdraft and student credit card though.

In my personal opinion, I'd stay away from any sort of overdraft, whether it's interest free or not. I've always hated overdrafts.. they are good for when your running out of money and need some cash.

But if you max out your overdraft, it's a vicious circle of paying it back. Your student loans will get paid into the account and clear the overdraft, then you'll be left with no money and have no choice but to eat into the overdraft again, maxing it out during that month. And the vicious circle starts.

It could be difficult getting out of the overdraft unless your excellent at budgeting and managing your finances. That's the only reason why I've NEVER had an overdraft. Once your into the overdraft, it is difficult to get out of it.

Stick with credit cards. At least you can pay the minimum each month and you'll still have all of your cash freely available in your bank account.

puppywalker23

Evening everyone.
Well got a letter this morning from Sygma re my application for the Accessory card,saying I only have 7 days to send back my signed agreement,or I would have to re apply.
So I call them and say it was sent back 2wks ago,the lady ask for the ref no on the letter and said oh yes sorry,must have crossed in the post.
Your card will be sent out shortly you have been approved I can see you acccount no etc.So I ask what my limit is,she says I cannot see that,you will have to wait till you card arrives.Oh well more waiting.

fairmorn308

puppywalker23 wrote: »

Evening everyone.
Well got a letter this morning from Sygma re my application for the Accessory card,saying I only have 7 days to send back my signed agreement,or I would have to re apply.
So I call them and say it was sent back 2wks ago,the lady ask for the ref no on the letter and said oh yes sorry,must have crossed in the post.
Your card will be sent out shortly you have been approved I can see you acccount no etc.So I ask what my limit is,she says I cannot see that,you will have to wait till you card arrives.Oh well more waiting.

well done

what do you have on ur record already?

puppywalker23

Cheers fairmorn308
Do you mean what other cc's and credit i have?.

Innocent_Guy

puppywalker23 wrote: »

Cheers fairmorn308
Do you mean what other cc's and credit i have?.

Hi Puppywalker23,

How many searches?

Any adverse info?

What cards and limits?

Innocent_Guy

puppywalker23 wrote: »

Cheers fairmorn308
Do you mean what other cc's and credit i have?.

Welcome to MSE BTW!!

puppywalker23

Innocent_Guy wrote: »

Hi Puppywalker23,

How many searches?

Any adverse info?

What cards and limits?

mmmmm about 15 in the last 6mths:o

I did have a default,it is due to come off this month with the Halifax,and a partial settlement that just came off last week.Three late payments marked on my Vanquis card last year,now upto date.

Vanquis £1250

Capitalone £1500

Littlewoods £1200

Very £800

A couple of weeks ago I applied for a Visa debit card at the RBS and got a Visa debit highline 100 and chequebook,no overdraught though.

I had been with the HBOS for 8yrs and they kept declining me from an upgrade from their Electron card,probably because of my default with the Halifax years before;)

I did apply for Flybe card back in Feb but got declined,so things must be on the up for me now.Just have to remember too keep my fingers off the apply button for a while now:rotfl:

Innocent_Guy

puppywalker23 wrote: »

mmmmm about 15 in the last 6mths:o

I did have a default,it is due to come off this month with the Halifax,and a partial settlement that just came off last week.Three late payments marked on my Vanquis card last year,now upto date.

Vanquis £1250

Capitalone £1500

Littlewoods £1200

Very £800

A couple of weeks ago I applied for a Visa debit card at the RBS and got a Visa debit highline 100 and chequebook,no overdraught though.

I had been with the HBOS for 8yrs and they kept declining me from an upgrade from their Electron card,probably because of my default with the Halifax years before;)

I did apply for Flybe card back in Feb but got declined,so things must be on the up for me now.Just have to remember too keep my fingers off the apply button for a while now:rotfl:

Oh ok, £1500 Limit with cap1 is quite good.

What did you start of with?

puppywalker23

Started with £750, got it in March this year,then went to £1000 in July and a couple of weeks ago upped to £1500.