catalogue accounts

debtdestroyer007

my experian and equifax now have 4 and 3 searches respectively in the last 6 months, i think i will calm down for a while..... as i need a 15k loan by christmas...

Rose123

debtdestroyer007 wrote: »

my experian and equifax now have 4 and 3 searches respectively in the last 6 months, i think i will calm down for a while..... as i need a 15k loan by christmas...

Exactly what im doing!

Join the SOS club, lol

debtdestroyer007

Rose, sorry to sound thick.... whats an SOS club

cheers

Rose123

http://forums.moneysavingexpert.com/showthread.html?t=1697817

Everyone on this post is aiming to NOT do any searches for at least 6 months from the date of their last search!

We all have a number as seen on my signature, im SOS no 14 etc etc

never-in-doubt

I have explained in the past that with catalogues, they can lie dormant and when you re-use them they do a soft search.... therefore, if you have a catalogue with SDG and re-apply for another, they may do just a soft search (i.e. enquiry - not search) and use your current status as main scoring method.....

In fact, SDG do operate this way, others do not. So if you just recently opened SDG (I think within a month) if you reapply, you will get a decline or refer. Always best to wait at least 2 - 3 months between applying if you want a guaranteed yes!

Catalogues are different to credit cards, none moreso than the fact they score differently and restrict large orders and evaluate at the time of order so say you had a £3k limit and ordered 2 x Plasma's - chances are it'd be rejected.

Your CC wouldn't work that way, one large payment could be legit.....

debtdestroyer007

i think i am a bit impatient.......... its like saying, i aint popping my cherry ...... no way!!!!!:rotfl:

stikiuk

interesting thread guys....

I have a great universal, additions, JD williams, Next & studio accounts but cannot get freemans or Oli
I have years worth of green O's from these companys, i'm at a loss as to why the other 2 keep refusing me !

never-in-doubt

stikiuk wrote: »

interesting thread guys....

I have a great universal, additions, JD williams, Next & studio accounts but cannot get freemans or Oli
I have years worth of green O's from these companys, i'm at a loss as to why the other 2 keep refusing me !

Freemans is Otto Group - different criteria.....

Rose123

lol, so am i but i have done really well over that past 10 days!

Iv only thought about it!

debtdestroyer007

never-in-doubt wrote: »

I have explained in the past that with catalogues, they can lie dormant and when you re-use them they do a soft search.... therefore, if you have a catalogue with SDG and re-apply for another, they may do just a soft search (i.e. enquiry - not search) and use your current status as main scoring method.....

In fact, SDG do operate this way, others do not. So if you just recently opened SDG (I think within a month) if you reapply, you will get a decline or refer. Always best to wait at least 2 - 3 months between applying if you want a guaranteed yes!

Catalogues are different to credit cards, none moreso than the fact they score differently and restrict large orders and evaluate at the time of order so say you had a £3k limit and ordered 2 x Plasma's - chances are it'd be rejected.

Your CC wouldn't work that way, one large payment could be legit.....

interesting NID........