The Sub Prime Credit Thread - Part IV

never-in-doubt

izools wrote: »

MBNA search Experian only when you apply for a card, they use Equifax if you are an existing customer asking for a credit limit increase.

I would have though the MBNA Classic is easier to get than the PO card purely because the APR is high - albeit marginally - so they would take on marginally higher risk customers.:o

Linky here: https://www.mbna.co.uk/UKCCapp/Ctl/entry?sc=8cl38sc01_ost&mc=SME-AP-11111-16072

noah271007

So they use N Hunter for previous CC applications submitted previously and compare them?

Basically they consult N Hunter database before opening an account and sending out a card? If card and PIN arrives, means all good?

noah271007

izools wrote: »

Not forgetting Sygma... they seem to be more reliant on N Hunter and CIFAS than the bloomin CRA's from what I've read here!

Which is why i am a bit wary about applying Sygma's CCs....not that i have something to hide!! LOL

never-in-doubt

never-in-doubt wrote: »

Linky here: https://www.mbna.co.uk/UKCCapp/Ctl/entry?sc=8cl38sc01_ost&mc=SME-AP-11111-16072

Wish I never found the link lol :rotfl::rotfl::rotfl:

At least we know they give instant decisions - come on then, who's next to press the big green button! :p:p

noah271007

izools wrote: »

MBNA search Experian only when you apply for a card, they use Equifax if you are an existing customer asking for a credit limit increase.

I would have though the MBNA Classic is easier to get than the PO card purely because the APR is high - albeit marginally - so they would take on marginally higher risk customers.

Barclaycard of course only search Equifax so you could try for one of them too and it would still only be one footprint on each file

I have to disagree on that, as every lender have their own critieria so it vary and i think 17.9% is a reasonable APR at this time it does not mean lower credit scoring. Anyway a lot of CC issuers are increasing rates . some up to 15% of APR from orginal APR so that it pays for the defaulters who don't pay their debts back!

never-in-doubt

Thats 5 searches in 2 days - not bad Niddy, not bad mate! :rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:

noah271007

I'm applying one tmw during office hrs so that i get an instant decision....not sure which one yet, but of course i will let you all know the outcome!

never-in-doubt

Anyone applied to MBNA know if this is worth an appeal? lol

The reason they gave me was as follows:

never-in-doubt

noah271007 wrote: »

I'm applying one tmw during office hrs so that i get an instant decision....not sure which one yet, but of course i will let you all know the outcome!

I just got instant decision mate - MBNA give them 24/7 lol

noah271007

noah271007 wrote: »

So they use N Hunter for previous CC applications submitted previously and compare them?

Basically they consult N Hunter database before opening an account and sending out a card? If card and PIN arrives, means all good?

So am i right among those lines re N Hunter NID?

If i was to apply for another CC say with HSBC for example, what will happen regarding consulting N Hunters database? Compare to my previous application i have made with Tesco? Or more applications i submitted a couple years back, with mobile phones contracts etc.