too many applications

sscott5581

never-in-doubt wrote: »

Mate its all on the Vanquis/Sub Prime thread. I got citi gold (£2k) and Bank of Ireland Gold (£3k reduced to £2k then £1k cos of all my searches LOL)

So what that tells you is that Citi or ok when you get in, you're in but BOI are harder - they declined me and I had to appeal. Even then, they utilise the data retreived from CRA searches each month and reduce limit appropriately......

However, mine is due to being a new customer. Instead of giving me the downgraded card at higher APR they kept me on gold with reduced limit, after 6mth they will increase back up to the £3k minumum so long as I run my account with them satisfactory - they use internal behaviour scores I assume, after 6mths.....

Hope that helps

Thanks for the info

sutton111

never-in-doubt wrote: »

Thanks mate

What happened with Tesco in the end then, did their 'additional verification' sting you like they do with me? Its because RBS still deal with them - when Tesco take full ownership they won't be as fussy! :eek:

I thought they would of given Cif a card as he has an Ulster card.

never-in-doubt

sutton111 wrote: »

I thought they would of given Cif a card as he has an Ulster card.

How long has he had ulster for and what limit (sorry to ask!)

If you have a new account within 6mth you cannot open a secondary one with RBS. Similarly, with MBNA (i.e. BT/Virgin etc) they won't let you open more than one any 3mth period....

sutton111

never-in-doubt wrote: »

How long has he had ulster for and what limit (sorry to ask!)

If you have a new account within 6mth you cannot open a secondary one with RBS. Similarly, with MBNA (i.e. BT/Virgin etc) they won't let you open more than one any 3mth period....

I think his limit is £1900. He has been with them for 18 months, I think.

never-in-doubt

sutton111 wrote: »

I think his limit is £1900. He has been with them for 18 months, I think.

Cheers mate, does he have the gold one or the normal Ulster card?

That would straight away suggest that Tesco underwriting is seperate from that of RBS - well in this particular case anyway otherwise CIF is a bad payer and I doubt the latter.....

To be honest, it could be one of those things - apply again in 6 months and it'd probably go straight through.......

sutton111

never-in-doubt wrote: »

Cheers mate, does he have the gold one or the normal Ulster card?

That would straight away suggest that Tesco underwriting is seperate from that of RBS - well in this particular case anyway otherwise CIF is a bad payer and I doubt the latter.....

To be honest, it could be one of those things - apply again in 6 months and it'd probably go straight through.......

They increase his limit every 5 or 6 months which suggests he is a good payer.

It's a normal Ulster card I believe.

clio

Bank of Ireland Gold (£3k reduced to £2k then £1k cos of all my searches LOL)

So what that tells you is that Citi or ok when you get in, you're in but BOI are harder - they declined me and I had to appeal. Even then, they utilise the data retreived from CRA searches each month and reduce limit appropriately......

so your credit limit can go down each month at a time due too having lots of searches ?? I didnt know a credit limit could go down due to that. What else makes Credit Card Companys reduce limits then??

never-in-doubt

sutton111 wrote: »

They increase his limit every 5 or 6 months which suggests he is a good payer.

It's a normal Ulster card I believe.

Yea mate, I said I doubt it was the latter (i.e. that he missed payments!)

It must be one of those things, bet in 6mth it would go right through with a decent limit too..... but by then cif will be able to tell them so !!!!!! orf LOL

never-in-doubt

clio wrote: »

so your credit limit can go down each month at a time due too having lots of searches ?? I didnt know a credit limit could go down due to that. What else makes Credit Card Companys reduce limits then??

Yes, every month when a lender updates the CRA's with credit history, i.e. payment data, they scan for adverse info and this reflects your ability with that lender.

They all search/update but some use the data and others don't take much notice unless certain things are triggered such as bankruptcy or court data (IVA)... Some do it, others do not. HSBC don't and neither do Citi but BOI & Natwest do.

Various factors can decrease limits mate, for instance not using the card; over spending; high risk (i.e. data received from CRA)....

clio

So not using the card can decrease your limit lol. Better start using me argos card as i havn't used it for spending for 4 months. But if you don't use the card how can you be a High Risk?? Do you mean a high risk coz you're nearly maxed out on the card, or a high risk coz off other debt elsewhere etc!!