The Sub Prime Credit Thread - Part IV

Parki_2

never-in-doubt wrote: »

This means you're their standard rate customer, i.e. you will be offered apr at their standard variable "advertised" rate so probs be around 16.9% mate.

From: https://www.nagcreditcardapplication.com/yb/start.do?cardtype=MG


Its the gold card right? That comes with 16 months @ 0% so yea you'll be offered that - well done. :T


* Can you confirm was it done online and did you get instant approval or was forms sent through the post after a few days of applying online? Just helps other people.....

Its 18% they have given me but in the CCA it doesnt mention about the 16 months being 0%.

It is the gold card and I applied online. I did not get an instant decision it said they were experiencing technical diffuculties. Was infromed a week or so later that I had been accepted with a limit of £3700.

izools

Introductory offers like 16 months 0% aren't part of the CCA which is why the can cancel the offer if you're late / go over limit

Parki_2

izools wrote: »

Introductory offers like 16 months 0% aren't part of the CCA which is why the can cancel the offer if you're late / go over limit

Oh I see. How can you tell if you qualify for the introductory period then?

kilasuit

Parki wrote: »

Oh I see. How can you tell if you qualify for the introductory period then?

It should be an automatic thing when accepted for the card.

I cant see how they could get away with advertising a card with 16months 0% BT's as a rate for risk card and then have ANOTHER score to pass to get the introductory offer.

I'd complain if this was the case.

kilasuit

kilasuit wrote: »

It should be an automatic thing when accepted for the card.

I cant see how they could get away with advertising a card with 16months 0% BT's as a rate for risk card and then have ANOTHER score to pass to get the introductory offer.

I'd complain if this was the case.

If that was the case then effectively you are being scored 3 times

1. Minimum Criteria
2. APR
3. Intoductory Offer.

As i foresee it it is

1. Minimum Critera (includes Introductory Offer)
2. APR

Make sense???

Parki_2

kilasuit wrote: »

If that was the case then effectively you are being scored 3 times

1. Minimum Criteria
2. APR
3. Intoductory Offer.

As i foresee it it is

1. Minimum Critera (includes Introductory Offer)
2. APR

Make sense???

Oh I see now. Well I just wanted to be sure really so that makes it simpler.

seeya23

good evening to all

fairmorn308

Hey guys, hows everyone

coffeeandfags

izools wrote: »

Unfortunately this doesn't mean that much - I was approved for a Virgin Mobile contract with an undischarged bankrupt and about £50,000 worth of outstanding defaults registered in the prior 12 months! Their credit check seems to be no more than an ID check

But do they report to the credit agencies? Right now thats all im after

never-in-doubt

coffeeandfags wrote: »

But do they report to the credit agencies? Right now thats all im after

Yes, Virgin mobile and media both report to CRA's (Equifax only) - see here: #3

Taken from: Credit Reference Agencies - Who Really Uses Who? II