The Sub Prime Credit Thread - Part IV

plumber2009

seeya23 wrote: »

still trying find out who they are from as i move house ive got vaquis and capone cards to keep me going for now

If you check your credit file you should be able to find out which court issued them. If not Phone experien, they have been very helpfull to me.

seeya23

sygma wont give my wife a card and her credit file is clean

mattlfc79

mattlfc79 wrote: »

Oh my god!!!!

I think I have been accepted by Cap 1 for their Classic card!!!!!

Went through the initial assessment and eventually signed an agreement!!

Said my card should arrive in 7 - 10 days!!!!

I assume this means I will defo get a card now - guessing £250 limit?

Can anything go wrong with my application or has it defo been accepted?

What are cap 1 like for limit increases?

Thanks

WooHoo,

Just spoke to Cap1, They have given me a limit of £200 which is the minimum stated but who cares!!! Almost feel like a real person lol!

plumber2009

mattlfc79 wrote: »

WooHoo,

Just spoke to Cap1, They have given me a limit of £200 which is the minimum stated but who cares!!! Almost feel like a real person lol!

:beer::jcongratulations.:j:beer:

One step further to recovery:)

seeya23

mattlfc79 wrote: »

WooHoo,

Just spoke to Cap1, They have given me a limit of £200 which is the minimum stated but who cares!!! Almost feel like a real person lol!

well done :beer:

fairmorn308

Good morning

Just off the phone and i have been accepted for a silver card

seeya23

fairmorn308 wrote: »

Good morning

Just off the phone and i have been accepted for a silver card

well done what limit did you get mate

PROLIANT

fairmorn308 wrote: »

Good morning

Just off the phone and i have been accepted for a silver card

Well done mate! Did they give you the APR and limit?

never-in-doubt

plumber2009 wrote: »

Well i always thought that from a lenders point of view that you would have a lot more to loose should you default when having a mortgage.

Before the credit crunch i wanted a 20k unsecured loan from halifax. they turned me down because of not having a mortgage.

Having a mortgage does not change a persons risk factor, yea it helps their overall credit score under "stability" facotrs but thats it. Maybe if they have a mortgage and then secure a debt to it, obviously, but there are many factors to take into account.

You need to bear in mind the actual available risk, available profit, loan-to-value amount etc etc

basically a mortgage does nothing when scoring for unsecured debts other than show you can meet commitments, but then still, if you have a mortgage and loads of unsecured debts - you fall into hard times, tell me, what will you pay and what will you forego?

I know the answer to that and so do the lenders lol

fairmorn308

seeya23 wrote: »

well done what limit did you get mate

£1000 mate