V12 Finance

PROLIANT

Hello people, just a quick thread re V12 Finance.
I have two accounts with V12 and learned that they only search CallCredit and only report account conduct to CallCredit, so if you have a clean file with callCredit and you need to buy something on credit, then you might be in luck.
APR for std credit is 19% .

never-in-doubt

PROLIANT wrote: »

Hello people, just a quick thread re V12 Finance.
I have two accounts with V12 and learned that they only search CallCredit and only report account conduct to CallCredit, so if you have a clean file with callCredit and you need to buy something on credit, then you might be in luck.
APR for std credit is 19% .

Can you name a few larger stores (electrical) that use V12 please mate, like do sony centre? Interesting to know that actually, being my CC credit report is actually empty! I could test the water so to speak :rotfl:

PROLIANT

Ok, I will start the list here, any addidtions welcome;

1. Laptops Direct.

2. Martyn Lynch & Sons (CB/HAM Radio and Shortwave radio etc).

3. Buy it Direct (Everything Consumer Electronics).

4. BE Direct (Similar to the above).

kilasuit

aria.net
scan.co.uk
both are computer components sellers that also sell laptops

paulmcerlean

just been declined from an application using V12. And it told me they searched Experian.

PROLIANT

paulmcerlean wrote: »

just been declined from an application using V12. And it told me they searched Experian.

They must be using Hitachi for the finance instead of Clode Retail.

js78

I rang them up v12 the girl told me they search callcredit which would mean only one search for my cashplus in a year, I went through laptopsdirect got to cart finance options etc.

Now then it redirected me to the v12 site went through all my details AGAIN only to be declined now either they arent using callcredit or there accept score is sky high? as everything is on time and most accounts have small balance with less than £1k debt to my 50k salary.

Anyone else had problems with this v12?

PROLIANT

js78 wrote: »

I rang them up v12 the girl told me they search callcredit which would mean only one search for my cashplus in a year, I went through laptopsdirect got to cart finance options etc.

Now then it redirected me to the v12 site went through all my details AGAIN only to be declined now either they arent using callcredit or there accept score is sky high? as everything is on time and most accounts have small balance with less than £1k debt to my 50k salary.

Anyone else had problems with this v12?

Never had a problem with an application, try ringing them up in Cardiff (Clode Retail) and ask to speak to somebody and they will give you a reason.

Cash_Flow

js78 wrote: »

I rang them up v12 the girl told me they search callcredit which would mean only one search for my cashplus in a year, I went through laptopsdirect got to cart finance options etc.

Now then it redirected me to the v12 site went through all my details AGAIN only to be declined now either they arent using callcredit or there accept score is sky high? as everything is on time and most accounts have small balance with less than £1k debt to my 50k salary.

Anyone else had problems with this v12?

So Basically by your credit file they can assume that you will clear the finance before the interest free period is up and they will make no money from you.

.......... Declined:eek:
Ps I see your salary has more than doubled since oct 2009 well done

http://forums.moneysavingexpert.com/showthread.html?t=2015163&highlight=

js78

Cash_Flow wrote: »

So Basically by your credit file they can assume that you will clear the finance before the interest free period is up and they will make no money from you.

.......... Declined:eek:
Ps I see your salary has more than doubled since oct 2009 well done

http://forums.moneysavingexpert.com/showthread.html?t=2015163&highlight=

Yes I changed jobs in January to a client analyst role in central london life is good I have cleared all my debts.

I had an email from them stating the following

We regret to inform you that on this occasion we are unable to offer you financing on your intended purchases.

Your application was given full consideration through our credit checking system. This system takes into account information provided directly by you, on your completed application form, fraud prevention databases and a credit reference agency may also have been contacted.

As your application may have been declined due to information from a credit reference agency, in accordance with section 26 of the Consumer Credit Act 1974, we are required to notify you that the Agency consulted on your applications was Callcredit Ltd. More information about the services available from Callcredit can be found on their web site at https://www.callcreditcheck.co.uk.

The fraud prevention database consulted was provided by CIFAS. More information on how to contact CIFAS can be found on their web site at www.cifas.org.uk.

js78

I subscribe to checkmyfile & my report for callcredit there is no credit searches(shock) and only 1 audit footprint my score for them was 797 without this application.

I am on the voters 7 accounts open, but 6 have a zero balance and the vanquis one shows £232 outstanding, but it has been paid off in full as it always is every single month by direct debit, but only has a limit of £250 so 93% doesn't go in my favour.

I have min £2500 in my current account since sept 09 with £3200 net going in by bacs, but I guess v12 didn't take this into account.

I rang them to find out what they are thinking declining me!, they said no negative info just score too low? i just bought it with my debit card anyways.