How to get a credit card....

Bang_Bang_Boom

hi all new member here.

i'm wanting to know if anyone knows of a place where i an can apply for a credit card and be accepted without a deposit or credit card. i'm only looking for a small amount of £500 - £1000 inbetween thee amounts.. i know its a big ask but there has got to be somewhere..


Any help will be much appreceiated..

cifpower

What is your credit history like? Any defaults/CCJs/missed payments? What is the relationship like with your bank?

Bang_Bang_Boom

bank not very good im afraid.. we aint best of pals lol

my credit score not sure as i've had a over drafted which i defaulted on the repayments.. the only thing i've got on credit is my mobile phone contract with 3 which is £15 per month. as far as im aware i have no CCJs only my £150 over draft which is now like £600. i do know my score is low tho as i've tried to get a credit card and no one seems interested without a deposit

bingy_burge

Have you tried vanquis they start around 250 limit ? if they reject you can't get one.

izools

You should not be borrowing more money in your current situation, and with a defaulted overdraft alongside a overlimit overdraft it is unlikely anyone will give you a credit card, even Vanquis would be a big ask to be honest.

Sorry to be blunt, but you aren't going to do yourself any favours digging a deeper hole.

If you don't mind my saying so I think you would be very well advised to take some time planning your finances a bit better, finding out where your money is going and what you need to spend less on to be on an even keel income and outgoings wise, clear your overdraft in managable steps (agree this with the bank), and only once you've cleared your existing debt and money management issues should you consider applying for a sub prime credit card to try and rebuild a positive credit history and manage credit more responsibly.

There are several organisations that can give excellent advice on managing money more effectively, namely the Consumer Credit Counselling Service, the Citizens Advise Bearu, and the National Debtline.

I wish you the best of luck, with the right advice you can pave the way to a much better financial future for yourself

binaryuniverse

It's not surprising no-one wants to lend you money. I'd concentrate on learning how to handle money properly before you think of getting a credit card. I sound harsh there but you'd only be setting yourself up for more trouble. imo, of course.

Bang_Bang_Boom

i understand what you're all saying just thought i'd be within a shot of the credit card pie but i guess im not. not tried vanquis even though i always get emails of them, not sure if they're real or not but i will try via the site.

thanks for the negative/positive replies.. will take all advice on board

izools

If vanquis do approve you they will likely offer you an APR of 59.9% which means you are likely to pay what you borrowed and then the same again if you take your time paying back.

And if you stop paying or can't afford to pay for whatever reason, that's more negative information on your credit file.

That and Vanquis are very nasty people - I'd only ever consider them if you can definitely 100% afford to pay the balance in full every month - as a credit building exercise - they are NOT a good company to borrow money off and spread payments with!!

I really do urge you to take a step back and ask yourself "Why am I in the position of being so far over my overdraft limit & needing a credit card" and most importantly "what can I do to prevent this situation from arising ever again?"

Good luck matey

digitalphase

Echo what izools has said. Vanquis are very nasty people and I wouldn't borrow from them unless you really have to.

I am going through a scenario with them at the moment because they cancelled the wrong direct debit details when I changed my bank account - it is completely their fault yet I'm having to write to them to complain about charging me a late fee and maybe putting a mark on my file. They are evil. I am clearing my small balance at the end of the month then the card is going in the drawer, not to be used.

I'd sort out your overdraft before trying to borrow more money, then once that's back to a manageable level I'd try Capital One's Classic card. If they won't accept you, you could try Vanquis but be warned!

P****d_off_C

Why are Vanquis so bad? I've applied for a credit card with them, purely for Credit building purposes, have I made a mistake??

bingy_burge

no just put on it stuff you would normally buy food petrol and clear it in full at the end of every month. That way it builds your credit up and you dont pay interest.