The Sub Prime Credit Thread - Part IV

plumber2009

Innocent_Guy wrote: »

I removed all notice of corrections from my credit report as they caused more harm than good. Sometimes the system may accept but NOC cause a refer to underwriter who can decline.

Do you think i should remove NOC from my credit reports?, If so how do i go about doing it. Did you have more success with apps when removing?

Have read a lot of conficting info regarding this issue.

Innocent_Guy

never-in-doubt

Innocent_Guy wrote: »

Oh deary me matey!

You're brave!

Innocent_Guy

plumber2009 wrote: »

Do you think i should remove NOC from my credit reports?, If so how do i go about doing it. Did you have more success with apps when removing?

Have read a lot of conficting info regarding this issue.

I personally have had more success with it removed.

It is a catch 22 sometimes it can help other times it may hinder your application.

Should you want it removed, just contact the CRA's and they will remove it for you.

Innocent_Guy

never-in-doubt wrote: »

Oh deary me matey!

You're brave!

You could have warned me before....

plumber2009

TFD wrote: »

It really could go either way... it's not a straight decline, and not a straight accept. Don't give up hope!

I will try not to and thanks for the support.

I just hate waiting for a decision as i hate waiting and wondering wether i will get accepted or not:)

TFD_2

Innocent_Guy wrote: »

So how much of an acceptance is that?

never-in-doubt

Innocent_Guy wrote: »

You could have warned me before....

I told you not to - I know the answer before you applied lol.

Did you see their terms?

"If you've recently opened another credit product then we will automatically decline your application as we conform with the governments responsible lending policy. Therein, do not apply if you've had another similar credit related product opened within the last 60 days"

:rotfl: :rotfl: :rotfl:

cifpower

TFD wrote: »

So how much of an acceptance is that?

It is not an acceptance at all. They will send out the forms to sign and ask you to return them with ID. Then you should hear back within a few weeks

never-in-doubt

TFD wrote: »

So how much of an acceptance is that?

Its not acceptance - they do not offer instant decisions, he'll either get a decline or the forms - if the forms come and ask for ID they will study the credit check in detail, upon receipt of the signature......

I got declined, appealed, then got forms (thought i'd won my appeal) so signed and returned them and then got declined again.... I appealed and got accepted eventually.