The Sub Prime Credit Thread - Part V

izools

Morning all! How are we on this merry morning?

I nearly fell over a minute ago. I think the Barclaycard Pre-app checker is broken... this is what it told me:



ZOMG!

/still not applying.

foolishboy

Nice

Mine is still not so great so it's not broken

I'm still on the hunt for a proper current account, my BR has now passed the 3 years and files are as clean as possible. I think I'll wait another few months for the new flybe to write some more zeros and try again - Halifax / HSBC have already given me the finger.

Cheers!
FB

izools

I applied for simplicity. Couldn't resist the urge! Argh thats my second application in six months now. Naughty me must abstain until October now.

Watch this space... They say they need more information... Will let you know what happens

BugsyBrowne

izools I hope your not getting in that dirty habit again mate.

But would be a great card to have TBH.

flammable999

Just thought I would share a little story. I have had a Capital One Classic since my student days in 2002 and they have never increased my limit from £700 in the last 8/9 years even though my income is 20k+ and I have since become a homeowner.

I applied for the Capital One Progress card just for the hell of it last week even though I thought I would probably be declined because I already own a CapitalOne card and they’ve just approved me with a £2500 limit?!

This helps because after paying off all my payday stuff, I should have an extra £240 leftover

izools

C'mon man, I've applied for one thing in six months, never used my overdraft with HSBC, zeroed and closed all my old credit cards...

Seems its paid off and as you say, a great card to have even if I never us the damn thing.

Knowing my luck though they'll send it out with a mental limit and close it before I even get to activate it...

IceCreamDreams

Ha haaa, congrats izools - I'm getting excited butterflies just looking at your offer of a 7.9% CC!!

...(I'm such a loser!)

izools

Well, watch this space guys; will see what happens. Haven't got any active credit cards atall at the moment, all show as settled, so Limit to Income ratio of NIL right now. Might get a mental limit

Then again, probably get a "No sir, not just yet..."

BugsyBrowne

What's wrong with the initial card izools they say you have a better chance of getting that one lol

Do any of these apply to you izools

Want a low rate for all your purchases and balance transfers
Have a good credit rating
You have no history of bankruptcy
You have not had any County Court Judgments (CCJs) or Individual Voluntary Arrangements (IVAs) registered against you in the past 5 years
You have a history of managing credit commitments well i.e. have existing credit and at least 4 years of experience managing credit cards, loans, overdraft or mortgage
You have always made payments on time
Don't already have a Barclaycard
Have had a permanent UK address for 3 months or more
Have a regular income of more than £20,000 pa
Excluding a mortgage, your debt on credit cards or store cards is less than 10% of your income
Are aged 21 or over

izools

As far as Equifax are concerned, yes I meed, and indeed exceed all of the criteria.

Let us not speak about Experian