The Sub Prime Credit Thread - Part IV

noah271007

plumber2009 wrote: »

Will Argos accept subprime for their storecard?

Do you mean Argos Mastercard? If thats what you are referring to, then the answer is NO.

noah271007

plumber2009 wrote: »

It will be related to the managed loan. I have a managed loan with HSBC and therefore am not eligeble for any products from HSBC untill paid in full. They wont even give me a overdraft.

The managed loan has been paid in full and settled since last year mate! No missed payments or anything adverse with HSBC.

PARIS_5000

plumber2009 wrote: »

Will Argos accept subprime for their storecard?

I am not sure but Argos are quite strict because the card comes with a interest free period for up to 6 months depending on how much you spend. I have a Argos card and I waited until my defaults fell off my credit file before I applied for it.

What adverse have you got on your credit file ?

noah271007

ElkyElky wrote: »

Hope so. It would be nice to be able to set up a direct debit, change limit and possibly even a secure message feature.

Lets hope that will be the case.

plumber2009

noah271007 wrote: »

The managed loan has been paid in full and settled since last year mate! No missed payments or anything adverse with HSBC.

Then you should be ok to appeal the decision then.:)
You stand a good chance as long as the managed loan has been settled at least 6 month ago.

plumber2009

PARIS_5000 wrote: »

I am not sure but Argos are quite strict because the card comes with a interest free period for up to 6 months depending on how much you spend. I have a Argos card and I waited until my defaults fell off my credit file before I applied for it.

What adverse have you got on your credit file ?

I do have defaults on my file. Was wondering wether anyone has been sucessfull in getting a card with adverse data.

I want the store card. NOT the mastercard credit card.

PARIS_5000

plumber2009 wrote: »

I do have defaults on my file. Was wondering wether anyone has been sucessfull in getting a card with adverse data.

I want the store card. NOT the mastercard credit card.

I think they are going to say no because of the defaults. Argos allows you to have a interest free period for up to 6 months every time you make a purchase on the store card depending on how much you spend which is why they are so strict.

Argos is not a subprime card so it harder to get if you have adverse.

Zack1

Argos told me to clear off in the summer, I did only have 2 months credit history at the time though...

BugsyBrowne

Hi does anyone knows if i stand good chance being accepted for another sygma card as i already have another one..but it has been referred..

cifpower

You should wait 6 months before applying for another one from the same stable IMO