The Sub Prime Credit Thread - Part IV

christhesparky_2

izools wrote: »

TBH until that CCJ is older you may still have difficulty getting mainstream. The other one you could add to your list of sub prime cards is the Aqua card, unfortunately even Barclaycard Initial is unlikely with the CCJ there, but you could always use the Barclaycard pre-application checker to see if it's viable:

https://letmechoose.barclaycard.co.uk/

Good luck, and keep us posted

How long would you say until the ccj stops becoming too much of a hinderance?

cifpower

ElkyElky wrote: »

How strict is the Diners card? (http://www.dinersclub.co.uk/#en/what-we-offer/our-cards/diners-club-card.html)

Isn't the Diners Card a charge card? I can't think of anywhere which accepts it either.

cifpower

christhesparky wrote: »

How long would you say until the ccj stops becoming too much of a hinderance?

I would give it 3 years

ElkyElky

cifpower wrote: »

Isn't the Diners Card a charge card? I can't think of anywhere which accepts it either.

Yeah I think so.

christhesparky_2

cifpower wrote: »

I would give it 3 years

Sorry my bad

CCJ is from 07/06, so just over 3 yrs old at the minute, it has been marked as satisfied for 2

never-in-doubt

cifpower wrote: »

Isn't the Diners Card a charge card? I can't think of anywhere which accepts it either.

Its a US/Jap thing But in the UK it is Citi Bank that run it so quite hard i'd say...

Chargecard for sure - look:

Your Benefits

The perfect card for people seeking limitless enjoyment and service.

• No pre-set spending limits – you are free to spend within your financial means
• Free access to over 130 airport lounges worldwide
• Generous Rewards Program – frequent flyer miles and attractive vouchers
• Comprehensive Travel Insurance programme
• Transactions can be checked 24 hours a day – even those not yet on your statement
• Free Regus Gold Card - Worldwide access to 1'000 business lounges and special rates for conference rooms and office rental
• Attractive offers and special promotions
• Welcomed by more than 14 million establishments worldwide – each individually selected and approved
• Cash withdrawals at more than 600,000 ATMs worldwide
• Discounted additional card for your partner

Select and apply for the card that suits your lifestyle – today!

never-in-doubt

christhesparky wrote: »

Sorry my bad

CCJ is from 07/06, so just over 3 yrs old at the minute, it has been marked as satisfied for 2

CCJ will affect you for 6 years until it drops off. Settled or not, its still one of the worse adverse categories you can get (after b/r)...

So long as the CCJ remains it'll be sub prime or your own bank primarily, not many main stream lenders will offer you due to risk :eek:

cifpower

ElkyElky wrote: »

Yeah I think so.

From the application form:

The Diners Club Card is a charge card and not a credit card.Therefore,
there is no pre-set limit on the amount you can spend when using your card.

You must pay an annual fee of £50 for your Diners Club card and a further
annual fee of £19 for each Diners Club card in the name of a supplementary
card holder.

noah271007

plumber2009 wrote: »

CCJ's stay 6 yrs from date of entry onto your credit file.

Apparantly some lenders only go back 4 yrs when credit checking provided there are no late/missed payments or adverse data within that time, otherwise they go back the whole 6 yrs.

hope this helps.

You mean 3 years and not 4 years??

noah271007

TheEffect wrote: »

The CapitalOne Progress card hasn't been mentioned on here much. It seems sub-prime. It starts off at the same interest rate as the classic, however the longer you have the card, the lower the interest rate goes, to the lowest being 19.9%.

It seas you need a good credit history with no CCJ's or Defaults within the last 12 months.

I would apply, but I already have a classic card and am on a 'no search' sabbatical.

That is incorrect.