The Sub Prime Credit Thread - Part V

BugsyBrowne

sharon-lalala wrote: »

Hi guys

Havnt posted for quite some time but wanted to update you.
After 2 yrs of sub prime & battling with
Cap1-£300 limit
MBNA-£500 limit
Flybe-3K

Just got accepepted for Halifax all in one card 15.9%
http://www.halifax.co.uk/creditcards/allinone_ros.asp

2 defaults 2005
1 CCJ satisfied 2006 comes 0ff file in April

Declined post office CC, Barclaycard and Tesco

Hope this helps

Why is it or is just me that everyone who has had trouble handling credit cards before and defaulted,then apply for as many cards as they can when their credit file start cleaning it self up.

rizel23

Well less than 6 months after getting a Vanquis Card i applied for a HSBC CC from my bank and got instantly accepted :-)

It was complete shock. I have cleared a 2k overdraft and a £800 Post Office Credit Card Debt in that period and spent and instantly paid off on the Vanquis (who ironically increased my limit by 100% after 2 months!), but i have 3 defaults on my credit files all within 1.5 years from faulty CCA's :-(

I'll be writing to Vanquis this week to close the account, there £1 fees where getting annoying anyhow!

marks77

sharon-lalala wrote: »

Hi guys

Havnt posted for quite some time but wanted to update you.
After 2 yrs of sub prime & battling with
Cap1-£300 limit
MBNA-£500 limit
Flybe-3K

Just got accepepted for Halifax all in one card 15.9%
http://www.halifax.co.uk/creditcards/allinone_ros.asp

2 defaults 2005
1 CCJ satisfied 2006 comes 0ff file in April

Declined post office CC, Barclaycard and Tesco

Hope this helps

When did you apply for the "declined" applications?

sharon-lalala

star-fire wrote: »

Why is it or is just me that everyone who has had trouble handling credit cards before and defaulted,then apply for as many cards as they can when their credit file start cleaning it self up.

???
Never had trouble handling credit cards, like many others fell into hard times.
This post was supposed to be positive.. done my time etc
Fresh start, new circumstances

POSITIVE ............learnt from previous.............!!!!!!

sharon-lalala

marks77 wrote: »

When did you apply for the "declined" applications?

Hi
recently, last weekend at the same time i applied to Halifax..after a few glassess of wine i admit!!
My point was to highlight the differing lending criteria
I considered myself to still be sub prime and i am to certain cc companies.
Still it seems that others are willing to be a little more flexible. Depends which way the wind is blowing.
Hope this helps

BugsyBrowne

sharon-lalala wrote: »

???
Never had trouble handling credit cards, like many others fell into hard times.
This post was supposed to be positive.. done my time etc
Fresh start, new circumstances

POSITIVE ............learnt from previous.............!!!!!!

Yeah see your point but what about if you fall on hard times again you will still have 4 credit cards to pay off.

sharon-lalala

and star fire just one more thing

Free speech is fine but STOP being so judgemental, it puts people off!!

marks77

Well done! Did you put on the application, to consolidate? May I ask your credit limit??

sharon-lalala

star-fire wrote: »

Yeah see your point but what about if you fall on hard times again you will still have 4 credit cards to pay off.

No if you had asked further i would have clarified

CAP 1 paid off

sharon-lalala

marks77 wrote: »

Well done! Did you put on the application, to consolidate? May I ask your credit limit??

No i didnt but i have the option of doing this once i ahve the card
My job role seemed to make a difference between the apps

I am a social worker(please dont throw things) and when i put this as my emplyment i got rejected

Maybe due to local authority workers jobs being insecure at the mo.