The Sub Prime Credit Thread - Part V

BugsyBrowne

DizzleUK wrote: »

Tis good info there.
Hopefully 2011 will be the year I can re-enter the Prime market and Sygma will be my first port of call (if I can't get a Sygma then I won't get anything else considered prime!)

Come the end of January 2011 I will be 12 months without a late payment marker and there will be no defaults or CCJs on my files and there will be no more searches this year and I have only made 4 in the last 6 months. I will also have been living at this address for a full year (after living at my previous address for 6 years) and am already on the electoral role.

Can't ask for more than that!

Hopefully then in january when your file is all good,by the looks of your signature below i would get rid of everything you have on there..

tea690

hi all finally after 15 odd years managed to get a credit card with vanquis and cap 1....only smal limits so far but im climbing back up the ladder again

DizzleUK

star-fire wrote: »

Hopefully then in january when your file is all good,by the looks of your signature below i would get rid of everything you have on there..

Agreed. The Very account saw me through Christmas and I'm paying that down, never to be used again and I don't plan on having more than 2 credit cards at a time, so Vanquis and Cap One will be replaced with more attractive cards over the next year or two. I just want Vanquis to up my limit to help improve my record further.

I have less than £1000 credit available to me and £200 of that is the overdraft on the joint account. My partner has around £4000 credit available (£2k on Studio, £1500 on Vanquis, £200 on Cap 1 plus the overdraft). All concerned keep throwing money at him, but I'm still on my original limits for all mine. And his credit file shows British Gas at 5 months behind as the bill was in his name at the old address, we're on a repayment plan now, but strictly speaking, his credit file is worse than mine now. He earns £12k, I earn £13.6k.

Funny how it all works.

At least our bank accounts are Prime accounts.

Zack1

Do all finance agreements (buy now pay June 2011 etc) have a initial charge? Dell want to charge me £49 to start with then £10 when I pay it all off too... that adds quite a bit to their already overpriced laptops! If they don't all add loads on top which ones don't? I need a new laptop, getting a more expensive one on free credit would be nice but I can't afford to do any "spread over 18 months" or anything where they charge a higher rate than my credit card would! I guess thats the catch to all the buy now pay later "deals" though, they rip you off by chucking fees on top that a lot of people won't notice.... and still get away with saying it's 0%, because technically it is :mad:

That Silver mastercard on the Sygma thread looks well nice! With their double credit check I won't be getting one any time soon though!

Gillianh2

OOOOooooooooh a shiny new home. Welsh Cakes in the Gazebo anyone lol
Thanks NID for all the info and help starting the slow climb up and I am miss impatient. LOl

kilasuit

Just applied for Sainsburys CC and got the message "Thank you your application is being processed.

Betting its either a yes and min limit or a no.

Anyone got any experience with them?

Bosie

Yeah, as I said in last threat part 4 it is my fav thread:j

Bosie

Can I just ask with me only using roughly 9% of my available credit, in an odd way can that work against me,ie having too much credit left?

izools

Bosie wrote: »

Can I just ask with me only using roughly 9% of my available credit, in an odd way can that work against me,ie having too much credit left?

It depends on what all your credit limits added up are in relation to your income. If your total credit limits add up to say £5,000 and you're on a £10,000 salary then that's v. bad.

If of course your total credit limits add up to say £2,500 and you're on a £20,000 salary that's very good, especially if you're only using 9% of it!

Well done :T

Bosie

izools wrote: »

It depends on what all your credit limits added up are in relation to your income. If your total credit limits add up to say £5,000 and you're on a £10,000 salary then that's v. bad.

If of course your total credit limits add up to say £2,500 and you're on a £20,000 salary that's very good, especially if you're only using 9% of it!

Well done :T

Thanks izools, do you mean what I owe or what's available for me to use?