Sub Prime Credit Thread Part III

ElkyElky

never-in-doubt wrote: »

They cannot pre decline you but they do check old account history prior to agreeing any lending - all banks do. So if its within the last 6 years then you may struggle but to be fair, Crappy1 aren't called that for no reason are they.....

We'll find out soon enough just how crappy they are when I find out my limit. They were tight bastar*s when I had my classic card, so it'll be interesting to see if they'll still be tight bastar*s now that I'm mainstream.

cifpower

Next have lowered my credit limit to..... £0! I tried to order something last week and got a letter this morning informing me of their decision but it does say they will continually review my account and my limit.

izools

LOL don't you ever clear the account to zero then or are they just being crazy? I hear they sometimes change credit limits month on month for some people?

cifpower

I am always ordering things from Next (it's my one weakness ) and they are being crazy.

plumber2009

Innocent_Guy wrote: »

Cheers mate, What do you have on your credit file

4 defaults totaling 24,000 2-3 yrs old (paid back about 12,000)
total

satisfactory (active) lines of credit

vanquis 1000 limit
barclaycard simplicity 900 limit
capital one classic 1700 limit
hsbc card 5500 limit
jacamo 200 limit
hsbc loan 15000
welcome loan 4500

2 defalted loans
2 defaulted cards
cos I lost my job 3 yrs ago. I have been rebuilding my credit back up since i got new job and cleared a lit of debt in the process.

Brian1966

cifpower wrote: »

Next have lowered my credit limit to..... £0! I tried to order something last week and got a letter this morning informing me of their decision but it does say they will continually review my account and my limit.

Next are wierd. Opened my account on 31st Oct, Limit £250, spent £120 Limit showing at £300.
Got my paper statement and credit agreement last Saturday, paid Monday and posted agreement. Limit now showing as ZERO
Not bothered as don''t need it but bloody annoying :mad:

cifpower

Brian1966 wrote: »

Next are wierd. Opened my account on 31st Oct, Limit £250, spent £120 Limit showing at £300.
Got my paper statement and credit agreement last Saturday, paid Monday and posted agreement. Limit now showing as ZERO
Not bothered as don''t need it but bloody annoying :mad:

The letter from Next said my limit will be my balance until it reaches zero but they "regularly review limits" so I wouldn't be surprised that nexy month it shows up as £3600.

At least it means I cannot buy anything!

Brian1966

cifpower wrote: »

The letter from Next said my limit will be my balance until it reaches zero but they "regularly review limits" so I wouldn't be surprised that nexy month it shows up as £3600.

At least it means I cannot buy anything!

Will wait for next paper statement in December and if showing zero on there they can stick the account.
If limit returns then I will use periodically as some good stuff.
Have even got a copy of the xmas directory

cifpower

Brian1966 wrote: »

Will wait for next paper statement in December and if showing zero on there they can stick the account.
If limit returns then I will use periodically as some good stuff.
Have even got a copy of the xmas directory

I phone them up every 3 months to cancel my directory. I don't see the point in spending £3.95 on something that will never be used as you can see everything for free online

Brian1966

cifpower wrote: »

I phone them up every 3 months to cancel my directory. I don't see the point in spending £3.95 on something that will never be used as you can see everything for free online

Hey!! as things stand, we can look but cannot touch :rotfl: