Vanquis Rejection Society

lemma1968

I have today been rejected by Vanquis.

Oh the shame!!!! :rolleyes:

I have a satisfied CCJ from April 2008, I have a satisfied default from MBNA in 2005.

But on the positive side I have a flawless 2 year history with an o2 contract, a current account with a £5k overdraft (used frequently but i never go over it and i am currently in credit (and this is registered at my work address...hmmmmmmmm that may be the issue).

My rejection email read like this:

"Thank you for your interest in a Vanquis Visa Card.

Unfortunately from the information in your application we regret that we cannot
offer you a Vanquis Visa Card, as you do not meet our criteria at this time.
However you are welcome to reapply after 6 months if your circumstances change.

Despite being unsuccessful on this occasion, Real Personal Finance, a part of
the same group as ourselves, may be able to help you with a £750-£6,000 loan
paid directly into your bank account; repayable by Direct Debit.

They could help you even if you have had previous credit problems. Visit
http://www.realpersonalfinance.co.uk/Apply?ref=vanqb to apply

Or

Would you prefer a short-term cash loan of £50-£500? Provident Personal Credit
Limited our sister company could deliver cash to your door within days –
convenient home collected repayments will be arranged. They could help you even
if you have had previous credit problems or CCJs.

Visit https://www.applyppc.com to apply

PPC Example:

Loan amount: £300
50 weekly repayments of £10.50
Total amount payable £546.00
TYPICAL 272.2% APR


RPF Loan example £1,200
18 monthly repayments of £105.33*
Total amount payable: £1,895.94

*includes optional payment holiday product

TYPICAL 86.5% APR.

Provident Personal Credit Limited has it registered office at Colonnade,
Sunbridge Road, Bradford, BD1 2LQ.

Compare the price of home credit collected and other cash loans available in
your area at https://www.lenderscompared.org.uk.

All home credit customers are entitled to a free detailed statement once every
3 months; just ask.

To help your chances of a successful application in the future, we also
recommend that you ensure that you are on the voters roll and that you keep up
to date with payments on any other credit agreements you may have.

Should you require a copy of your credit reference information held by the
credit reference agency Experian, you can write to them at the following
address:

Experian Limited
PO Box 8000
Nottingham
NG1 5GX

Or phone on:
0870 241 6212

You have the right under the Data Protection Act 1998 and Consumer Credit Act
1974 to see information held about you.

Please do not respond to this e-mail, as your e-mail will not reach us. If you
have any questions call us on 0871 770 5555 and select option 3
(please note that calls are charged at national rate). Lines are open Mon-Fri
8am -8pm, Sat 9am-5.30pm."

Been refused by Vanquis........its like being rejected by the devil.

I don't know whether to be happy they turned me down, or sad i can't rebuild my credit. It must be worse than i thought.

Oooooooooops :eek:

rickee48

well lemma, I was rejected today for a store card and I thought they were pretty easy to get, I've no defaults on my credit files,nothing sinister!
Very odd the credit thing, not sure about the criteria with Vanquis, maybe no defaults/ccj's in the last 3 years? I have a vanquis card and they even gave me a Gold card, but still 41% interest:eek:

SmudgeUK

can join you in that vanquis club, i been rejected too.

All i have is a satisfied default from 2006 for 185.00

Still their loss, passed credit check for virgin and mbna yesterday so aint really bothered about them now, LOL

lemma1968

Welcome, the more the merrier.

Nice to see I am not on my own then. I got the impression they accepted everyone (just about). Their loss!:p

stella2009

SmudgeUK wrote: »

can join you in that vanquis club, i been rejected too.

All i have is a satisfied default from 2006 for 185.00

Still their loss, passed credit check for virgin and mbna yesterday so aint really bothered about them now, LOL

Declined for a Vanquis card, but approved for MBNA and Virgin???

My credit history has nothing negative and still they quizzed me for the Virgin card before they approved it.

Have you actually had the cards issued yet??

SmudgeUK

am a customer of virgin anyway, and when i phoned up they said i passed with flying colours.

I only have a default that is 3 years old, but have 2 loans off provident, and a lloyds current account, dont ask me how they work cause i dont know.

Cards not through yet, but recieved emails from virgin stating they are on way etc, and with terms and stuff, and that paper work will follow

I_luv_cats

Maybe they don't think they can make some money from you!!!

Who wants one of these cards with a low credit limit and high interest rate (although better than a door-step loan!!)

If you have a reasonable to good rating and they expect you to repay your balance in full they will get no interest from you!!!

SmudgeUK

well provident are always offering me loans now, cause i only owe them 150 accross two loans.

The reason i applied for vanquis was cause i had ccj's etc until 10past6 helped me with getting them removed, and also cause of advice from N-I-D regarding defaults etc.

Vanquis turned me down 3 weeks ago, so i thought sod it, not bother again, but got letter from virgin yesterday about card, so called not holding out much hope, but they accepted me straight away.

Then thought i try online for MBNA, lost connection as only on mobile broadband, so completed it on phone after that, and they said i passed also.
It just dont add up

stella2009

I_luv_cats wrote: »

Maybe they don't think they can make some money from you!!!

Who wants one of these cards with a low credit limit and high interest rate (although better than a door-step loan!!)

If you have a reasonable to good rating and they expect you to repay your balance in full they will get no interest from you!!!

Still do not understand how you can be declined for a Vanquis Card and sail thorugh an application for Virgin and MBNA card.

Something is not right there!

What was the reason for the Vanquis application if you have mainstream credit available to you?

SmudgeUK

i didnt have mainstream at the time, only had provident, only got accepted yesterday for virgin, although i do have a mobile with them, through the phone broadband package etc (10.00 per month)

Zack1

I was accepted for Vanquis, subject to sending my passport - I never bothered and withdrew the application as I realised they didn't have online servicing. Now they've got that I reapplied and got rejected!!

I phoned up asking if they could reinstate the accept from earlier in the year, and they said it had to be within 3 months (was more like 5) and that as it's not I've been reassessed and rejected based on the current situation (they obviously don't like the fact I've got 2 other cards & contracts etc). Not impressed though, I want to try them again in a few months because they give better increases than Capital One....