The Sub Prime Credit Thread - Part V

digitalphase

ElkyElky wrote: »

I'd much prefer to pay interest on Next than buy "interest free" from Very.

Compare a product that both Next and Very sell, and you'll see just how much Very is overcharging so in the long run, you could be much cheaper paying interest.

That depends on the product.

I would much rather do the buy now pay next year, as I can stick it on a lower interest credit card if it hasn't been totally paid off by the time they want payment.

When you're talking about expensive electrical products, this often works out better.

Next want around 26% APR. Very don't want any until the buy now pay next year ends, when they will charge the full amount of interest until you've paid it off by then (calculated from the date you purchased it).

It is obviously your own responsibility to work out which is the cheaper option, if you have the choice of both catalogues

For example, my dSLR which I purchased from Very, was £50 cheaper with them than Next. I will hopefully be able to pay it off before the offer ends, but if not I won't be paying much interest if I put it on my credit card.

Zack1

Pah my guaranteed overdraft is still £100, screw you Halifax, 12.5k not enough for you!?!?

onefortheroad_2

Zack1 wrote: »

Pah my guaranteed overdraft is still £100, screw you Halifax, 12.5k not enough for you!?!?

mine still £100 aswell :rotfl::rotfl:

Zack1

onefortheroad wrote: »

mine still £100 aswell :rotfl::rotfl:

Then again my balance there is currently 11 quid because these stupid companies are taking a lifetime cough up and pay me :mad:

Ah well, student finance in 3 weeks.... if they feel like reassessing me before then anyway!! :rotfl:

dgrego123

going of the subject a little bit.
how long would people usually recomend using card the likes of vanquis sygma
paying the balances of in full each month before you would apply for a main stream card. im not planning to apply for a mainstream card at the moment. just genrally curios for future knowledge as im a bit of a credit newbie.

sutton111

dgrego123 wrote: »

going of the subject a little bit.
how long would people usually recomend using card the likes of vanquis sygma
paying the balances of in full each month before you would apply for a main stream card. im not planning to apply for a mainstream card at the moment. just genrally curios for future knowledge as im a bit of a credit newbie.

Sygma are a mainstream card. There APR's reflect it.

Capital One (Credit builder card), Vanquis and Aqua are sub prime card issuers, Sygma aren't sub prime.

dgrego123

sutton111 wrote: »

Sygma are a mainstream card. There APR's reflect it.

Capital One (Credit builder card), Vanquis and Aqua are sub prime card issuers, Sygma aren't sub prime.

I understand, my mistake, well happy days then because ive been accepted recently for a cc of them.

onefortheroad_2

got my next directory card in the post today

sutton111

onefortheroad wrote: »

got my next directory card in the post today

Well done, it's handy, saves on postal costs too.

fairmorn308

Checked my credit file last night and i notice NEXT DIRECTORY have closed my account. I just checked online and its still active. No great deal.

I have called A+L Bank and closed all 3 accounts with them today over the phone. Closed my First Direct Current Account today aswell