Low credit cards and current accounts

never-in-doubt

spoony1967 wrote: »

Kev

Mate - steady on with the way you speak to people...... it won't do you many favours in the long run, certainly not when you want help.

Just ignore the useless comments.....

Have a read here - this will show you a way back onto the credit ladder:

http://forums.moneysavingexpert.com/showthread.html?t=1626277

The fact you own several properties does not sway from the fact you are clased as a high risk. Surely even you've seen what has happened to that huge bubble around you...? Jones MUFC was merely making a fact, whether you like the answer or not unfortunately the fact remains that you are a high risk and nothing you do (apart from sell up) would change that.

Collateral in the properties mean nothing unless you secure a debt to it.

spoony1967

Never-in-doubt

Good morning

Look. I know that the only real way to quickly repair the credit rating is to offload the props. But that's a bit like 'throwing the baby out with the bath-water.'
I get so annoyed with those replies because there were no facts in there! You pointed out that the reason I'm seen as high risk because I am holding the properties, which is spot on, I pointed this out in post No.1 in this thread. The MUFC guy's only factual content was that I was 1 bad tenant away from the whole thing collapsing. His fact was fiction!
Anyway the main reason I am irate with these sort of people is, they hijack the thread and turn it into one about the property and not my getting credit, which is the whole point of the thread!
Thanks for the link Never-in-doubt, and I shall try to keep my :mad: under control, as I totally agree, It probably does me no good in the long run.

Kev

jonesMUFCforever

If your so !!!! hot and financially savvy you wouldn't be on here asking how to get extra finance.
I stand by what I said.
Your postings just don't add up.

spoony1967

I shall keep it as simple and polite as I can.

1996-2008 Own property and pay off Mortgages on time

Result = good credit score

2008- present day Own property and pay off Mortgages on time

Result = bad credit score

Perhaps you could tell the banks it doesn't add up, because I already know it makes no sense.

Typhoon2000

spoony1967 wrote: »

I shall keep it as simple and polite as I can.

1996-2008 Own property and pay off Mortgages on time

Result = good credit score

2008- present day Own property and pay off Mortgages on time

Result = bad credit score

Perhaps you could tell the banks it doesn't add up, because I already know it makes no sense.

I guess the banks reckon your garunteed income (job) is not enough to cover your expenses (mortgages). Most wont consider rent to be garanteed income. So they reckon you have too much credit already and are hence 'High risk'. Obviously their view of the world has changed in recent times, hence different criteria from 1996-2008. You can get one of the subprime credit builder cards, Vanquis, Barclay Initial etc and there are plenty of basic current accounts (but no cheque book or debit card usually) that can be open without a credit check, but I dont think any amount of good credit repayment history is going to change there view of your risk profile in the current climate. Not the main stream lenders anyway.

spoony1967

I totally agree Typhoon, Not gonna' change for a few years. This is why I really need to sort out my Floor laying business, and things are definitely improving. More ppl are staying put and doing up their house, whereas six months ago they were just saving.
Certainly not for the interest, just plain worried. Now although a lot are still concerned and rightly so, life must go on and we cant all just stay in limbo. That's what seems to be the shift in public mindset lately.

Seems odd to own 13 props. and be applying for a Vanquis card all under the rules set down by the Banks themselves. Mad world we live in!