Declined - why, and what now?

goonasuk

It might not be Credit file related, but your profile related.
i.e. at the time they may have only had a policy to lend to 60 year olds who owned there own house and have been buying wives from the far east - and at the time you did not fit who 'they' wanted to lend to at that moment in time.

funkymonkey849

never-in-doubt wrote: »

I was pointing out that we'd said 3 times above that different agancies hold data depends who the lender is - then you asked the same question again, why is that being a knob? Its trying to guide you in the right direction as some people do miss posts.....

Glad you've grasped it though - best advice is to get all 3 credit reports then and only then will you know why you were rejected. If you're not on the electoral register then you'll struggle......... :beer:

Just thought your post was a little harsh as I had read all the links posted and still didn't quite understand, especially as it seems to be the same information on both, but nevermind. I will get the last report today.

I am on the electoral role and have been for a year, maybe that's not long enough, I dunno.

funkymonkey849

goonasuk wrote: »

It might not be Credit file related, but your profile related.
i.e. at the time they may have only had a policy to lend to 60 year olds who owned there own house and have been buying wives from the far east - and at the time you did not fit who 'they' wanted to lend to at that moment in time.

Thanks for that, I guess it was in the middle of the credit crunch! I am a bit reluctant to apply for another now because I've been delclined, although it was 9 months ago....

never-in-doubt

funkymonkey849 wrote: »

Just thought your post was a little harsh as I had read all the links posted and still didn't quite understand, especially as it seems to be the same information on both, but nevermind. I will get the last report today.

I am on the electoral role and have been for a year, maybe that's not long enough, I dunno.

Hiya

It would appear that is the reason, does it link to your previous address (look under linked addresses or previous addresses) and is there an electoral register entry for the previous address?

If not, thats the problem. Lenders like to see consistency and being on the e/r means a lot.

If you last applied 9 months ago then go for it, on my thread Credit Ref Agencies it explains there that 6 searches in 6 months is acceptable

Good luck.... :beer:

funkymonkey849

never-in-doubt wrote: »

Hiya

It would appear that is the reason, does it link to your previous address (look under linked addresses or previous addresses) and is there an electoral register entry for the previous address?

If not, thats the problem. Lenders like to see consistency and being on the e/r means a lot.

If you last applied 9 months ago then go for it, on my thread Credit Ref Agencies it explains there that 6 searches in 6 months is acceptable

Good luck.... :beer:

Linked to previous address, but not on electoral role there as they spelled my name completely wrong so no link was made between the real me and the incredible misspelling :cool:

I saw that 6 is ok, but I only have two and got declined so was a bit worried about adding any more but I guess I'll just have to go for it

never-in-doubt

funkymonkey849 wrote: »

Linked to previous address, but not on electoral role there as they spelled my name completely wrong so no link was made between the real me and the incredible misspelling :cool:

I saw that 6 is ok, but I only have two and got declined so was a bit worried about adding any more but I guess I'll just have to go for it

It may be an idea to consider the sub prime cards, i.e. Vanquis/Cap1/Barclaycard etc and see how you get on as these are not as strict. If they decline you then post back and we'll help with an appeal for you..... that way its only the same single search....

Good Luck! :beer:

funkymonkey849

never-in-doubt wrote: »

It may be an idea to consider the sub prime cards, i.e. Vanquis/Cap1/Barclaycard etc and see how you get on as these are not as strict. If they decline you then post back and we'll help with an appeal for you..... that way its only the same single search....

Good Luck! :beer:

Haha it was Barclaycard that declined me

I don't need a card, I just wanted to take advantage of cashback so I think I will just leave it for now. Thanks for your help

LeeSouthEast

How much do you earn per annum? Most lenders (unsecured) will permit you to have a total credit amount of about 1 years salary.

Your "Percentage of available credit" would be quite low at £800 used of a £1000 limit. Overdraft reporting is by provider, e.g. I have a £1,500 agreed overdraft limit with Barclays, but they only report £150 of it to the CRAs (why? no idea).

If you have cleared a lot of your credit commitments, try again.

never-in-doubt

funkymonkey849 wrote: »

Haha it was Barclaycard that declined me

I don't need a card, I just wanted to take advantage of cashback so I think I will just leave it for now. Thanks for your help

Ahhh, thats why - you need to start with a starter card, as such - not a moneyback one cos you will, unfortunately struggle if you have limited credit, to get the best deals.

I have 4 cards, 3 mainstream and one subprime and still cannot get an MBNA or good cashback card - I realise i'll have to wait a year or so til they get history on me.

Its a case of walking before running usually, so in that respect consider a Barclaycard Initial (not cashback).....

funkymonkey849

Ah ok now it's making sense. Thanks