The Sub Prime Credit Thread - Part IV

never-in-doubt

CocoPopsLover wrote: »

Thats good, I have 38 linked addresses, they need to come off soon!

WHAT! Not all yours I assume? Hows things going?

In fact i'll PM you

CocoPopsLover

Lol, I dont know how I got 38 linked addresses, i think I have about 4 linked adresses but 38 different entries of theme, i dont even know how I got that many, I tried to get them removed but no can do!

Well they have been on for about 4 years so about 4 more years to go at most! lol

never-in-doubt

If you never lived there you should write to the CRA and request removal.... they can fix it quite easy.....

Zack1

If I go over my credit limit by something stupid like £3 will it hit my credit rating? I got stuff online that wasn't processed for like 4 days so I forgot about it, then brought more stuff today (which would've took me to £2 under the credit limit, not including the online purchase), the online thing has just been added so I paid the cost of that from my current account (I got paid, but not from Student Finance, surprise surprise!), but I think the 2 purchases I made Monday will appear Wednesday, the payment I made now might only show up Thursday, so if that’s the case then I’ll be over the limit on Wednesday when the purchases get added.

I don’t care if they charge me (I might write and moan about that & their false advertising though to see if I can get away with it), it’s more going over my limit and what that could do to my credit record

At least it’s not Capital One! When that eventually goes up I can get rid of the Natwest card with the stupid limit!

hax_2

How did you pay? Debit card or Bank Transfer?

Zack1

hax wrote: »

How did you pay? Debit card or Bank Transfer?

Through Natwest online banking, being taken from my Natwest Student Account. I don't know if that's card or transfer, whatever the default is with their wizard, it normally appears 2 days after the payment though. It's been deducted from my Student Account anyway if that's any use, I think card?

hax_2

When you make a payment to a credit card from online banking it is made via bank transfer. Since its Natwest we're talking about its probably sent as a Faster Payment, which means that they'll receive the money within 2 hours, but they won't mark your account as payment received straight away.

If they do say you've gone overlimit and the payment was sent as a Faster Payment then you can make a complaint, because they receive the money within 2 hours of it being sent.

never-in-doubt

It won't affect credit rating no. It only shows as late if you do not pay one month etc..... slight overlimit won't affect you but may affect any increment you get (i.e. 6 months from now)

never-in-doubt

hax wrote: »

When you make a payment to a credit card from online banking it is made via bank transfer. Since its Natwest we're talking about its probably sent as a Faster Payment, which means that they'll receive the money within 2 hours, but they won't mark your account as payment received straight away.

If they do say you've gone overlimit and the payment was sent as a Faster Payment then you can make a complaint, because they receive the money within 2 hours of it being sent.

With credit cards mate the payment (albeit instant) doesn't credit the balance of their CC immediately. HSBC say to expect it to reflect the balance within 3 days and it does take 3 days as well.... (HSBC FP to HSBC CC)

No recourse for complaint though, shouldn't be sailing so close to his credit limit - sorry, but that's just the way it is i'm afraid..... Natwest will bin any complaint, i'd suggest using a sob story and playing the 'please don't charge me' plea as opposed to going in all guns blazing cos they do not have to refund him

hax_2

Three of my CC's (Capital One, Vanquis & Co-op) credit my a/c the same day that a faster payment is sent. Even with Aqua, when I send via BACS, they credit my a/c the same day I sent it (but that's because it was sent from a Halifax a/c).