Credit Cards anyone can get!?! 2 September 2009 at 12:42PM edited 30 November -1 at 12:00AM in Credit Cards 24 replies 2.1K views

laplange

I saw the article on how to improve your credit rating on this weeks money saver email, I decided to apply for one of these cards that anyone can get. Only to get rejected! So instead of improving my rating, I've now made it worse. Slightly misleading wording Martin.

CLAPTON

why is it worse?
and there are NO cards that anyone can get

lisyloo

Are you sure the wording said that? or did you misinterpret it.

There are no cards that anyone can get.
They are all subject to status.
Did you misintepret the wording as I'd be suprised if Martin said that.

Feel free to post up the wording as I'd be interested to see it.

laplange

If I understand right, by applying for credit, it effects my rating. Is this correct?



Build / Rebuild your score. Poor scorers should apply for expensive (30%+) credit cards, spend a little each month, but ALWAYS repay in full to avoid interest. This should slowly improve your score. See the cards anyone can get.

lisyloo

If I understand right, by applying for credit, it effects my rating. Is this correct?

Not necessarily.
A search will show up.
A single search is insignificant.

A lot of searches in a short period implies desperation which is unattractive to lenders.So it depends on how many and what timescale.
A single search on it's own is unlikely to be significant.

wizk1

Just because you were declined for a card, doesn't mean your credit score was worsened. It means you were simply rejected for that card.

EMSYD_2

I'm glad i read this because I was reading that this morning as i did the lending calculator and it said i was weak and lenders wouldnt lend to me so i was thinking of re-building with one of those cards!

laplange

Well fingers crossed it hasn't effected it. I tried to get a laptop on credit the other day and started looking in to improving my credit as a result of the rejection.

I'm standing by the misleading wordplay though Martin!

nzseries1

laplange wrote: »

I'm standing by the misleading wordplay though Martin!

You still haven't stated where Martin used the words "cards that anyone can get". Until you do so, I give a big thumbs up to Martin! :money:

lisyloo

Please provide a link or copy of the email.
Otherwise your on your own with your opinion which probably means you're wrong.

laplange

Its on the weekly email see below.

Thumbs up as always to Martin, we all make mistakes. You only have to take one look at my credit rating to see that.



What to do.

• Be on the electoral roll. If not, you’re unlikely to ever get credit.
• Check addresses on your file. Get your credit file see how to check for free and ensure every active account, even if unused, has the correct address. Errors can trigger rejection.
• Delink from past relationships. Write to credit agencies asking to be delinked from any ex you had joint finances with. This stops their credit history impacting your applications.
• Amend errors. If you think your file’s wrong, ask the lender to correct it. If it won’t, add a notice of correction to your file explaining why it's unfair & complain to the
• Cancel unused cards. Access to too much credit, even unused, isn’t positive.
• Build / Rebuild your score. Poor scorers should apply for expensive (30%+) credit cards, spend a little each month, but ALWAYS repay in full to avoid interest. This should slowly improve your score. See the cards anyone can get.