The Sub Prime Credit Thread - Part IV

BugsyBrowne

got accepted for flybe, thinking about now applying for silver but worried they will decline me what chance have i got

spiritual1_2

star-fire wrote: »

got accepted for flybe, thinking about now applying for silver but worried they will decline me what chance have i got

jump to the thread INNOCENT BEGAN and READ my last post

as were ALSO trying tp pull SYGMA discussion to its own thread as its not meant as a sub prime card........

BugsyBrowne

anyone tried this card sygma days card

Zack1

Nosce_te_ipsum wrote: »

Hi forgive me if this is in wrong thread but ive just received my call credit report and there 6 searches over last 2 years 3 of which say reason as money laundering gives no details of who requested search is it anything to worry about

It's a normal ID search, it should give details somewhere but it's fine don't worry about it. It's a "soft" search, it won't affect your score lenders give you in any way. I got one from o2 (who then carried out a full search, !!!!!!!?) and others, it's just to check you're on the electoral roll etc when you've signed up to something and somewhere have given them permission to search you

spiritual1_2

QUICK "Q"

how big an impact do credit card cash advances have on ure file assuming u withdraw them with the express intent of repaying them in full within a 2 week period????

plumber2009

spiritual1 wrote: »

QUICK "Q"

how big an impact do credit card cash advances have on ure file assuming u withdraw them with the express intent of repaying them in full within a 2 week period????

Avoid a cash advance when ever possible.

Some card providers report cash advances to the credit refrence agencys and are generally looked on negatively. EG Barclaycard, Capital One. They also cost you more money in intrest and charges.

If you need cash best thing to do is use an overdraft if possible or borrow the money from a family member. only cash advance if you have no alternative.

Hope this helps.

Do not use payday loans. this is a must.

spiritual1_2

plumber2009 wrote: »

Avoid a cash advance when ever possible.

Some card providers report cash advances to the credit refrence agencys and are generally looked on negatively. EG Barclaycard, Capital One. They also cost you more money in intrest and charges.

If you need cash best thing to do is use an overdraft if possible or borrow the money from a family member. only cash advance if you have no alternative.

Hope this helps.

Do not use payday loans. this is a must.

wouldnt use payday loans anyway, i was just wonderin if u took a cash advance but had it paid back in full within a 2 week period if it would negatively impact you.......

on an interesting note if u have paypal and set up 2 accounts with 2 different bank accounts and 2 different emails u can effectively give urself cash advances lol (and yes you ARE allowed more than one paypal account)

i would STRESS i am in no way recommending this merely pointing it out..........

:rotfl::rotfl::rotfl:

ged1980

sutton111 wrote: »

lol :rotfl:

I tried Vanquis again and they told me to do one. And it was an automated decision too. lol

i just got this.....

Unfortunately we are unable to give you an instant decision, but we'll be in touch within 10-14 working days.


looks like a decline for me also

spiritual1_2

ged1980 wrote: »

i just got this.....

Unfortunately we are unable to give you an instant decision, but we'll be in touch within 10-14 working days.


looks like a decline for me also

have u tried sygma ud be surprised plus vanquis only search experian whereas sygma only use equifax

:beer:

CannyJock

spiritual1 wrote: »

QUICK "Q"

how big an impact do credit card cash advances have on ure file assuming u withdraw them with the express intent of repaying them in full within a 2 week period????

Massive if you withdraw it on one of the cards that report the additional detail on their credit report at the time it reports to the CRA's. If it's repaid before they report then nothing to report - internally with the specific card it'll stay on your record with them. If the cash advance is reported to the CRA's they don't report your good intentions to repay it in full within a 2 week period - just the fact your personal financial situation has required you to take a cash advance on a credit card