The Sub Prime Credit Thread - Part IV

never-in-doubt

stephane wrote: »

The process is very quick with them, when I applied 18 months ago for their account + credit card, got the forms sent to sign within few days. All forms sent back then few days after that got the very posh welcome pack for the 1st account but the letter also said that they could not give me the credit card at that stage. Waited to have been 6 months with them and applied over the phone & was offered the Gold credit card with £3000 (what I requested). 2 months ago was accepted with them for a £13000 loan and again the money was in my account within seconds...

Hiya

yea I remember you saying on the First Direct thread (linked in your quote)..... but remember I had the same, sent forms back to then get declined :eek: :eek:

I thought they'd already searched me and were happy - cheeky beggars! :rotfl:

stephane_2

To be honest I was shocked at the time to be accepted as my Experian file was far to be perfect but once you're in then whatever you apply with them as long as you manage your account well is no longer credit checked but purely based on account behavior, anyway for what I have experienced myself..

never-in-doubt

stephane wrote: »

To be honest I was shocked at the time to be accepted as my Experian file was far to be perfect but once you're in then whatever you apply with them as long as you manage your account well is no longer credit checked but purely based on account behavior, anyway for what I have experienced myself..

Yea that's what i've heard - they are pretty good, but is it true when you apply for a loan they ask you everything like if you smoke, drink etc? If so, how much? LOL - someone said they were extremely thorough :eek:

Anyways, i'll get declined - I expect nothing less, remember I have a cifas from hsbc against me which doesn't look great, even though I bank with hsbc :rotfl:

stephane_2

never-in-doubt wrote: »

Yea that's what i've heard - they are pretty good, but is it true when you apply for a loan they ask you everything like if you smoke, drink etc? If so, how much? LOL - someone said they were extremely thorough :eek:

Anyways, i'll get declined - I expect nothing less, remember I have a cifas from hsbc against me which doesn't look great, even though I bank with hsbc :rotfl:

Whoever said that is talking complete non-sense...the loan application process was the easiest I've never seen....basically asked me how much I wanted & for how long...what was the loan for....CCA to sign electronically then bingo CONGRATULATION...the money was already in my account.

fairmorn308

Good evening all

Whats been happening? I havent been on for a while as been offshore working. I got paid off mt job 2 weeks ago and i have managed to find another contract and start in 2 weeks but means taking a 15k pay cut. but just using this job as a stepping stone.

Got my last pay for the company today, They gave me 3 months wages and now i have the money in my account i will be 100% debt free from loans and credit cards 2mo. I cant wait

never-in-doubt

stephane wrote: »

Whoever said that is talking complete non-sense...the loan application process was the easiest I've never seen....basically asked me how much I wanted & for how long...what was the loan for....CCA to sign electronically then bingo CONGRATULATION...the money was already in my account.

Excellent, so you rung to apply and then they send you a secure link via online banking to sign electronically?

Excellent.... so deffo no credit search?

never-in-doubt

fairmorn308 wrote: »

Good evening all

Whats been happening? I havent been on for a while as been offshore working. I got paid off mt job 2 weeks ago and i have managed to find another contract and start in 2 weeks but means taking a 15k pay cut. but just using this job as a stepping stone.

Got my last pay for the company today, They gave me 3 months wages and now i have the money in my account i will be 100% debt free from loans and credit cards 2mo. I cant wait

Good for you mate, how much did you used to earn to take a £15k pay cut? I just took a £30k one so know how you feel, I can feel your pain dude

stephane_2

never-in-doubt wrote: »

Excellent, so you rung to apply and then they send you a secure link via online banking to sign electronically?

Excellent.... so deffo no credit search?

Did it online & no additional credit search for the credit card or the loan

Zack1

fairmorn308 wrote: »

Good evening all

Whats been happening? I havent been on for a while as been offshore working. I got paid off mt job 2 weeks ago and i have managed to find another contract and start in 2 weeks but means taking a 15k pay cut. but just using this job as a stepping stone.

Got my last pay for the company today, They gave me 3 months wages and now i have the money in my account i will be 100% debt free from loans and credit cards 2mo. I cant wait

Ouch, sorry about the 15k pay cut man! I don't earn yet but that must be hard! Good you're debt free though

Oh I got some letter earlier from Provident Financial or whatever they are, offering me £50 to £500 quid.... as much as I'd like to grab it just for the hell of it, I'm assuming they charge some stupidly high rate so binned it - how can they just write to me like that though!? Are they tied in with Aqua or someone? I've never applied for a loan because I have the things!

never-in-doubt

Zack1 wrote: »

Ouch, sorry about the 15k pay cut man! I don't earn yet but that must be hard! Good you're debt free though

Oh I got some letter earlier from Provident Financial or whatever they are, offering me £50 to £500 quid.... as much as I'd like to grab it just for the hell of it, I'm assuming they charge some stupidly high rate so binned it - how can they just write to me like that though!? Are they tied in with Aqua or someone? I've never applied for a loan because I have the things!

Avoid like the plague - doorstep lending mate - http://www.providentpersonalcredit.com/wc/ :eek:

apr is astonishing :eek: :eek: