Reject Kid

cheytz

Help. Ive tried applyin for new cards to lower my debt but constantly get rejected, twice recently, cant risk it again. My overdraft is cleared every month when i get paid then is back by the end of the month. Wots the way out?

skintchick

Stop applying for cards for now, and post your SOA (all incoming and outgoings, debts, APRs, etc) here so we can see how we can help.

You're clearing spending more than oyu earn, so you need to start a spending diary of everything you SPEND, not take out of the cash machine, so you know where your cash goes.

Do the budget planner at the top of the page and then come back to us.

**purpleprincess**

As skintchick said, DON'T keep applying for more cards!!! We'll be able to give you some advice! Don't panic!! Get your Statement of Affairs on here ASAP!!

moongarden

Hi Cheytz
every time you are rejected this goes on your credit file and counts against you as a negative mark the next time you apply for anything.

you should do two things straight away. the first one is work out your State Of Affairs
there are some really good examples on here - this will help you see what is going where and then you can work through the list focusing on minimising each thing on it

the second thing i would suggest you do is apply for a copy of your credit file straight away. you will then be able to see what potential lenders can see about you when they are making a decision.

then you can post back on here for very specific advice on each item and get some good pointers

best wishes

$17mma

Sounds as if you are living in your overdraft.

Put it this way, if your Overdraft expired tomorrow could you afford it? no? then make arrangements with your bank to have it reduced by an amount that you can afford monthly.

Youris an unsecured loan and maybe affecting your credit score. I believe that since 1999 banks have listed account info on files. Check to see if your bank has done this. If they have then your OD will be listed as a loan on the account stating whether late payments have been made. i.e overdraft serviced or credited each month.

cheytz

:beer: Thanks for this - worked out I'm spending far too much drinking and smoking, just need to cut back and try and pay things off. Cheers

kathfisch

cheytz wrote:

:beer: Thanks for this - worked out I'm spending far too much drinking and smoking, just need to cut back and try and pay things off. Cheers

There might be other ways to cut back, do post your SOA for advice, we're not judgemental I promise!! You'll be surprised how much even little bits of cutting back can add up!

Best of luck