The Sub Prime Credit Thread - Part IV

Zack1

Cash_Flow wrote: »

Just in case anyone needs clarification:D

Can't wait to try this, but only having a £350 limit again would probaby not be very helpful, plus I want the 0's, so want to wait until my credit file is fairly good.... Unsure whether to go for the one up or for the one I've got now....while I'm still a student I'd pick the one I've got now I guess...

Did they search you again? I'm assuming they did?

Cash_Flow

Zack1 wrote: »

Can't wait to try this, but only having a £350 limit again would probaby not be very helpful, plus I want the 0's, so want to wait until my credit file is fairly good.... Unsure whether to go for the one up or for the one I've got now....while I'm still a student I'd pick the one I've got now I guess...

Did they search you again? I'm assuming they did?

Yes they did.

Capital one also gave me a smaller limit 2nd time around:D

Miles30

TheEffect wrote: »

Mine took 4 days, though they did say 5 weeks. I'm impatient though and applied straight away. I'll have to wait for the card before I know I've definitely been accepted.

i am in the same boat as you - impatience lol. will close account and wait for a week then reapply. if they say no, i'll say shove it where the sun dont shine lol

plumber2009

Innocent_Guy wrote: »

How long have you had it for? What is your credit file like?

I have held an account with them since 2002 but i had my account closed in 2007 cos i lost my job. Capital one agreed to reopen an account in 2008 with same credit limit. they then upped it to £1700 4 months later.

I currently have 16 accounts on file.
4 Defaults in 2007 and are being paid off.
No missed payments since 2007.

noah271007

Miles30 wrote: »

i am in the same boat as you - impatience lol. will close account and wait for a week then reapply. if they say no, i'll say shove it where the sun dont shine lol

Actually i believe you can reapply again as soon as your classic card account is closed.

I got a reply from the Capital One's Secure Message Service.

Thank you for your message. I can confirm that once you've closed you existing Capital One account, you can immediately apply for a Capital One Progress card. Please note that although you are eligible for a Capital One Progress card, we can't guarantee that we'd accept your application because each of our cards has different lending criteria. I hope that this information helps you. If you have any other queries, please send us a further secure message.

Miles30

noah271007 wrote: »

Actually i believe you can reapply again as soon as your classic card account is closed.

I got a reply from the Capital One's Secure Message Service.

Thank you for your message. I can confirm that once you've closed you existing Capital One account, you can immediately apply for a Capital One Progress card. Please note that although you are eligible for a Capital One Progress card, we can't guarantee that we'd accept your application because each of our cards has different lending criteria. I hope that this information helps you. If you have any other queries, please send us a further secure message.

Thanks mate. I will try the Capital one Progress card or the Plus card even though i know the may be punching more than my weight to try the Plus card;).

I had been saving 2 Experian searches for MBNA classic and Halifax current account.

noah271007

Have you applied for MBNA classic Miles30? If so, did you get it?

Did not have time to apply MBNA classic CC application during office hours today, but i will try and find time to apply MBNA classic tmw...hopefully with an instant acceptance outcome.

Miles30

noah271007 wrote: »

Have you applied for MBNA classic Miles30? If so, did you get it?

Did not have time to apply MBNA classic CC application during office hours today, but i will try and find time to apply MBNA classic tmw...hopefully with an instant acceptance outcome.

No i aint applied yet. wanted my name to show up on ER with Experian before applying. I spoke to Experian today and they said probably by end of next week. I check my Experian credit report like 3 times a day lol.

Yes i like instant decision. I hate waiting lol

Good luck matey!

TheEffect

Isn't the MBNA a mainstream card? It's 18% apr isn't it?

izools

Yup the Classic card is 17.9% but they can be more accepting of people with a limited history than your average prime card, in my experience