too many applications

never-in-doubt

clio wrote: »

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!!

Well yes mate, course it can - lack of activity could mean over exposure in that you make the CRA's think you've forgotten you had it but all you're doing is building up credit......

I never said you'd be high risk for not using the card! LOL

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

as quoted mate, high risk = data received from CRA on monthly updates....

clio

Aye get you now. So should i spend a little on the argos card too keep it ticking over like a Evo 9 lol... Can lenders see other cards info and decide your a high risk with them therefore they will reduce the liimit on their card yiu have with them m8??

never-in-doubt

clio wrote: »

Aye get you now. So should i spend a little on the argos card too keep it ticking over like a Evo 9 lol... Can lenders see other cards info and decide your a high risk with them therefore they will reduce the liimit on their card yiu have with them m8??

Mate other lenders see all active accounts and the respective data i.e. green O's or red 1's etc! Also they can see limits and exposure. As well as adverse data.

You don't have to spend owt mate, its good to though just to keep it alive and if it is argos storecard then don't worry - they only go up, never down!

clio

It's the argos mastercard i dont use much..

naijapower

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 What CRA did Citi gold search?

never-in-doubt

naijapower wrote: »

Thanks What CRA did Citi gold search?

To be honest I think it was Experian - nothing on Equifax.... :beer:

ianf1989

never-in-doubt wrote: »

Put it this way, I got a mainstream card with over 150 searches in the last 6mths so anything is possible - yea, I had to appeal it but eventually got there!

Good luck.....

Out of curiosity what credit cards did you apply for with that many searches
which ones accepted you and which ones declined you?