The Sub Prime Credit Thread - Part IV

Innocent_Guy

never-in-doubt wrote: »

did lloyds accept you? If so then stick with them over BoC. Its ok as a second account but long term i'm not so sure...... everything seems so 'easy' which surprises me somewhat

Lloyds may refuse lending if you apply too much - just sit tight and build relationship with lloyds mate cos they use internal scoring and you can get a credit card etc without external searches....

Lloyds cifas me :rotfl::rotfl::rotfl:

I've got a full Lloyds account which I intend on closing

izools

Miles30 wrote: »

Anything special about BoC account? How many current accounts do you have matey if i may ask? lol

Will it not be seen as something bad if you have too many current accounts?

By the way, I requested for Covestry BS first account application forms and it seems like they have already done and ID check on me. is that normal? They have scared the !!!!!! out of me lol

Which CRA did they search? I hear it's EQ only?

Innocent_Guy

wizzywig27 wrote: »

Ahhhhh, yeah Lloyds accepted me, I have a decision to make, close Barclays and move to Lloyds or move to Lloyds and keep Barclays open - long story but I get half price account fee with Barclays, which provides me with mobile phone insurance

Keep both matey :beer:

Innocent_Guy

wizzywig27 wrote: »

Equifax about 9 and Experian about 20 in past 6 months haha - it was September I found out I was credit worthy again, so went to my head haha!

Now my searches are going against me

You should apply if you want it? TBH NID has over 50searches so you shouldn't get declined on searches.

Miles30

izools wrote: »

Which CRA did they search? I hear it's EQ only?

ID check on EQ and I assume they may do a full search on EQ if I return application forms. Wasn't expecting ID check though

Innocent_Guy

izools wrote: »

Which CRA did they search? I hear it's EQ only?[/QUOTE}
Equifax only :T

never-in-doubt

Miles30 wrote: »

Anything special about BoC account? How many current accounts do you have matey if i may ask? lol

I just applied to BoC cos a couple of others did - as you've seen, I don't care - just apply for the sake of it.

I have a coventry first, coventry callsave moneymanager II (only came out for a month and give you a visa debit card); hsbc [STRIKE]plus[/STRIKE] advance; hsbc [STRIKE]advance[/STRIKE] bank account and my BoC....

Miles30 wrote: »

Will it not be seen as something bad if you have too many current accounts?

Nah, But I only use the 2 hsbc and coventry callsave accounts.... the BoC & First will just sit there as back-up's I think.... I use hsbc advance as my main account (wages in and dd's out etc) and transfer £2k into the hsbc bank account and spend this - then I just move £500 into coventry callsave and let my daughter use that card.

Miles30 wrote: »

By the way, I requested for Covestry BS first account application forms and it seems like they have already done and ID check on me. is that normal? They have scared the !!!!!! out of me lol

They are extremely strict mate - they are not a plc so it is shareholders money = very very strict :eek::eek:

kilasuit

Innocent_Guy wrote: »

I've got a full Lloyds account which I intend on closing

me too after FOS deal with the B*****ds

izools

wizzywig27 wrote: »

Ahhhhh, yeah Lloyds accepted me, I have a decision to make, close Barclays and move to Lloyds or move to Lloyds and keep Barclays open - long story but I get half price account fee with Barclays, which provides me with mobile phone insurance

Urgh... IMHO Lloyds TSB are infinitely better than Barclays in every department, including:

Shorter queues in branch
Shorter queues on the phone
Fewer CRA checks with Lloyds (e.g. open second current a/c search free)
More pre-approved offers with Lloyds
Inland call centres with Lloyds
Better integration between their credit card wing and current account wing
No need to have a card reader to use online banking
Barclays offer Full Auth Visa (4658) on Current A/C by default, Lloyds don't

There's more, thats all that springs to mind at the moment!!

Innocent_Guy

What a shame these guys are not accepting applications anymore I really like the look of the card

http://www.mint.co.uk/