The Sub Prime Credit Thread - Part IV

kerryberryboo

star-fire wrote: »

agree but if you look after your bank account and your wages are going in every week or month,then they will upgrade you from your high school cash card!!

Sorry but I don't agree. I had a savings accounts and cash accounts as a teenager, I went from education to full time employment with the same bank accounts. I tried to upgrade my account and was declined, even when I went back to college, and then university I was knocked back for student accounts.

So really mate. Naw.

never-in-doubt

From a teen to a worker would mean you have no credit history and back then (even a few years ago) the banks would not decline for this, you either had adverse, incorrect or missing data on your CRA's or didn't meet their criteria....

Sorry, but it really is that easy to jump in from school account to current account especially being at 18 you shouldn;t be in debt and so are minimal risk to the bank.....

Obviously on occasion, it can decline.

noah271007

never-in-doubt wrote: »

Ahh - I see,

I explained this in the past....

Pretty much all lender will search for 3 years adverse (as standard) and if this comes back clean they that will complete that element of scoring, if anything shows up (adverse only) then they will follow up with a full 6 year search.

This process is nothing to do with indivdual products such as a Post Office vard, but more to do with a banks lending policy, such as Bank of Ireland.

Make sense?

Funny that i tried to have my nationwide cash card upgraded to a full debit card but was declined due to adverse data....from 02 default 4 and a half year old. It was removed after i went to court. So the theory about ALL lenders using 3 year search does not wash with me. Some i suspect go back a full 6 years.

usedandabused

never-in-doubt wrote: »

ID Theft mate, this time 18 months ago I had over 50 defaults and god knows how many CIFAS - plus 500+ searches.....

I took the CRA's to court (won before it got that far) and they deleted everything. But a couple slipped through due to my own silliness, applying and lying. They dropped off last week. :T

I do not need credit and certainly do not need CRA's - lol, never used credit before and to be fair, of my 3 cards i've probably spent £2k on a holiday and repaid it - otherwise I always use my debit card.

Basically, i'm just anti banks :mad: :mad:

Bear in mind I did get 3 bank accounts and 3 prime cards all within the last year..... My appeal though, does take 30+ pages to prove myself haha :rotfl:

that ID theft sounds horrendous, i'm so glad you're completely 'clean':T:T:T

and you still managed 3 prime cards

yes, you always struck me as the type that is smarter than the system, so don't need to play it, like me, i'm a sucker, i'm glad you're anti-banks, we need a good guy like you on our side

kerryberryboo

never-in-doubt wrote: »

From a teen to a worker would mean you have no credit history and back then (even a few years ago) the banks would not decline for this, you either had adverse, incorrect or missing data on your CRA's or didn't meet their criteria....

Sorry, but it really is that easy to jump in from school account to current account especially being at 18 you shouldn;t be in debt and so are minimal risk to the bank.....

Obviously on occasion, it can decline.

Sorry but your message is a bit conflicting, you say that

"From a teen to a worker would mean you have no credit history and back then (even a few years ago) the banks would not decline for this"

but then go on to say

"Obviously on occasion, it can decline"


All I know is I got declined. When I left school at 16 I worked full time for Local Government, when I was 18/19 I tried to upgrade from a cash account to a current account - I was declined every single time (tried maybe every year up until I was 21/22)

So sorry, it's only easy if you get approved/accepted.

never-in-doubt

noah271007 wrote: »

Funny that i tried to have my nationwide cash card upgraded to a full debit card but was declined due to adverse data....from 02 default 4 and a half year old. It was removed after i went to court. So the theory about ALL lenders using 3 year search does not wash with me. Some i suspect go back a full 6 years.

Sorry i'll elaborate mate - BUILDING SOCIETIES are not banks heheehe

Basically coventry, Leeds, Nationwide and First Direct are all extremely harsh scorers...... they are owned and funded by members and are therefore extremely strict.

I was using an example as a kind of (most do) but the odd ones will do a full 6 year search, someone else does and I can't think who

---

annoys me when that happens! Ahh, that's it - John Lewis card

never-in-doubt

kerryberryboo wrote: »

All I know is I got declined. When I left school at 16 I worked full time for Local Government, when I was 18/19 I tried to upgrade from a cash account to a current account - I was declined every single time (tried maybe every year up until I was 21/22)

So sorry, it's only easy if you get approved/accepted.

No it is easy period lol. Ok, which bank are you talking about and what date approx are we talking....

PROLIANT

Posted this on another thread:


http://www.fortunecity.co.uk/southbank/tate/88/bank/bank.html

kerryberryboo

never-in-doubt wrote: »

No it is easy period lol. Ok, which bank are you talking about and what date approx are we talking....

Seriously! It wasn't easy for me.

Bank of Scotland.

When I was 18 the year was 2001.:o

Had the account probably since I was 14, I also had a savings account with them that I opened when I started working (when I was 16).
My salary was paid in every four weeks.
I lived with my parents.

CHANGEyourMP

never-in-doubt wrote: »

Niddy got accepted for silver card.....

19.9% and £4750 limit - how crappy is that!

:TNiddy's dishing out free pork pies again, from his security hut!:T:rotfl::rotfl::rotfl:Quick form a line!