The Sub Prime Credit Thread - Part IV

plumber2009

Believe it or not, but the average person holds around 5 credit cards and is the norm these days. Before the credit crunch i used to get credit card offers on a weekly basis in the post.

noah271007

I personally think 5 credit cards on average per person is too high.

plumber2009

noah271007 wrote: »

I personally think 5 credit cards on average per person is too high.

Well it depends on the overall limits on each card.

The average card limit on a prime credit card is between 2k and 5K so if you had 5 cards with a 2.5K limit on then that eqates to a total card limit of only £12,500.

I dont find that to be an extreme level of credit commitment.

Zack1

plumber2009 wrote: »

Believe it or not, but the average person holds around 5 credit cards and is the norm these days. Before the credit crunch i used to get credit card offers on a weekly basis in the post.

If the credit crunch didn't happen I would have so much credit . Now it's happened it's the students and unemployed they decide to restrict the most :mad:.

star-fire wrote: »

surely people who have over 10 credit cards must have a credit card fetish.
i mean they must be mental to be honest with you,someone back me up that just aint right!!!

:rotfl:

Who's the guy who I've seen on here a few times? Brian? He's got about every credit related product available listed in his sig!

BugsyBrowne

jo-bo wrote: »

hi star-fire, i understand what you are saying, believe me and my husband have talked about this many times! , i realise that my limits are high but i have the majority of them for years. you say that you are self employed too, what do you do?

hi yeah i have been self-employed for the last 11years dryliner

kerryberryboo

:mad:HEEEEEELLLLP!!!:mad:

I just persuaded my boyfriend to apply for 0% for 15 months Virgin Credt card.
He has £1800/£2000 on a BOS credit card, no overdraft - an excellent credit history. Never missed payments etc. His 0% interest on his BOS card is running out, he didn't want to transfer but using my feminine charms I persuaded him otherwise.:)

He got declined.:eek:
I'm in the MAJOR bad books. How can they decline him???:mad:
I don't think he'll even look at applying for another one because he thinks one decline means all will decline. He had one credit search in January but nothing else besides that.

Gah!

BugsyBrowne

yeah your right zack think brians got about 75 credit cards lol

jo-bo

star-fire, is that to do with roofs and swimming pools?!, my hubbies a butcher and i'm is his laccy!!!!!

plumber2009

Zack1 wrote: »

If the credit crunch didn't happen I would have so much credit . Now it's happened it's the students and unemployed they decide to restrict the most :mad:.


:rotfl:

Who's the guy who I've seen on here a few times? Brian? He's got about every credit related product available listed in his sig!

Firstly, the trouble with students is that they are generally not in any stable employment and therefore find credit difficault to obtain. The best way for students to obtain credit is via their own bank where they have a current account.

Secondly, as far as credit cards are concerned. Any more than 5 and you will become to exposed and would therefore find that obtaining further credit will become far more difficault.
I personally never exceed this number and always close down 1 card before applying for an additional card.

jo-bo

kerrykerryboo, mbna are really hard to get, who does he bank with?