The Sub Prime Credit Thread - Part IV

izools

With that I'd wait until your barclaycard account is 6-12 months old. They probably won't be keen seeing as you've literally just taken out a credit card; show them you can handle it well. Given it's your only credit card I'd be erring toward a whole year rather than just six months.

All Sygma cards are scored the same - they offer APRs upto 24.9% on every card they offer and the scoring is the same

Silver card looks the best IMHO.

telecomengineer

izools wrote: »

With that I'd wait until your barclaycard account is 6-12 months old. They probably won't be keen seeing as you've literally just taken out a credit card; show them you can handle it well. Given it's your only credit card I'd be erring toward a whole year rather than just six months.

All Sygma cards are scored the same - they offer APRs upto 24.9% on every card they offer and the scoring is the same

Silver card looks the best IMHO.

Thanks for the advice...will play the waiting game and build up some extra positive credit history first then.

sutton111

Christ, busy on here recently!!

fairmorn308

I havent applied for anything for over 12 months. Am not sure if i should

Innocent_Guy

telecomengineer wrote: »

SYGMA - To apply or not to apply?

Hi Guys, i have been following this thread for some time and would like your advice regarding applying for Sygma cards

1. What is is the best card to go for first?
2. Is it worth applying as they seem to CIFAS quite a lot?

My Equifax Credit History is as follows

No Adverse e.g CCJs, CIFAS, Defaults etc..
On the Voters Roll at current address for 1 year, (recently new to credit all acounts opened in last 9 months)

1 Barclarcard Initial (opened Jan10 £400 limit)
1 Full Current Account Santander (no overdraft)
1 Shop Direct Account (6 0s £250 limit 0 Balance)
1 Vodafone Contract
1 Creditbuilder (6 months history)

Previous searches 2 in the last 6 months
1 to Barclaycard in Jan 2010 (accepted)
1 to Capital One in Jan 2010 (declined...was accepted online then declined..think because I had applied within 6 months)


Is it work applying for a Sygma or best waiting 6 months?

I applied for the Silver card over the weekend and was accepted. My file is abit worse than yours so you should be fine....

Innocent_Guy

sutton111 wrote: »

Christ, busy on here recently!!

Hey buddy where you been? Anything new credit related?

Innocent_Guy

fairmorn308 wrote: »

I havent applied for anything for over 12 months. Am not sure if i should

Go for it, whats the worst that could happen?

fairmorn308

not sure what to apply for tho?

izools

Innocent_Guy wrote: »

I applied for the Silver card over the weekend and was accepted. My file is abit worse than yours so you should be fine....

They turned me down with a 100% spotless EQ file - I had a Lloyds account open 14 months, Aqua open 12, Vanquis open 6, and Barclaycard open 1... big fat get lost! No adverse on EQ whatsoever

I think it's the having a brand new account that really really hurts your chances. Seriously.

sutton111

Innocent_Guy wrote: »

Hey buddy where you been? Anything new credit related?

Errrmmm

Nowt really no. Just Capital One and A&L. Saying that, since I got my card and pin, i've heard nothing from A&L.

I see you were successful with Barclaycard and Sgyma!! Congratulations.