We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

The Sub Prime Credit Thread - Part V

Options
1…6970727475…336

Comments

  • Innocent_Guy
    Innocent_Guy Posts: 5,369 Forumite
    Hi All,

    Am currently on hold with First Direct to request a limit increase.

    I have been GRILLED!
    Bank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
    Credit Cards - Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
    6 credit accounts closed in 2010!
    Official SOS Club number 001 - Dry until 01.07.10
  • stephane_2
    stephane_2 Posts: 3,076 Forumite
    Innocent_Guy wrote: »
    Hi All,

    Am currently on hold with First Direct to request a limit increase.

    I have been GRILLED!

    Is that for your credit card....I thought you just got it?
  • noah271007
    noah271007 Posts: 1,248 Forumite
    I have been GRILLED when applying for a HSBC credit card in branch back in May. It was almost like an interview. But at the same time, HSBC do have responsibilties in ensuring each credit card issued is to the right person who is creditworthy, in employment and of course salary mandated to the account among other things. I rather have a lender who ask questions making sure i can afford it, rather than giving easy credit away. Looks like the HSBC group do have same procedures for HSBC and FD customers when asking for credit products/additional lending requests.
  • Innocent_Guy
    Innocent_Guy Posts: 5,369 Forumite
    stephane wrote: »
    Is that for your credit card....I thought you just got it?

    Correct! They don't want to give me an increase as the account is soo new.
    Bank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
    Credit Cards - Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
    6 credit accounts closed in 2010!
    Official SOS Club number 001 - Dry until 01.07.10
  • Innocent_Guy
    Innocent_Guy Posts: 5,369 Forumite
    noah271007 wrote: »
    I have been GRILLED when applying for a HSBC credit card in branch back in May. It was almost like an interview. But at the same time, HSBC do have responsibilties in ensuring each credit card issued is creditworthy, in employment and of course salary mandated to the account. Looks like the HSBC group do have same procedures for HSBC and FD customers when asking for credit products/additional lending requests.

    The assessor has just said to me "I can tell that you know how these things work'
    Bank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
    Credit Cards - Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
    6 credit accounts closed in 2010!
    Official SOS Club number 001 - Dry until 01.07.10
  • Innocent_Guy
    Innocent_Guy Posts: 5,369 Forumite
    I am pished off with them now!
    Bank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
    Credit Cards - Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
    6 credit accounts closed in 2010!
    Official SOS Club number 001 - Dry until 01.07.10
  • stephane_2
    stephane_2 Posts: 3,076 Forumite
    Innocent_Guy wrote: »
    Correct! They don't want to give me an increase as the account is soo new.

    Well you should not be surprise, you've only had the card for a few months...have you already maxed out the card.
  • noah271007
    noah271007 Posts: 1,248 Forumite
    Innocent_Guy wrote: »
    I am pished off with them now!

    Tell me about it mate! I got declined a day after i got approved for the hsbc card for the same reason if you can remember!
  • noah271007
    noah271007 Posts: 1,248 Forumite
    So you got a wasted credit search then mate?
  • Innocent_Guy
    Innocent_Guy Posts: 5,369 Forumite
    noah271007 wrote: »
    So you got a wasted credit search then mate?

    No credit search. This was not a system decision it was made by the advisor! I am going to SAR FD as she said that FD had received "adverse information" from Equifax in the monthly feed.
    Bank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
    Credit Cards - Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
    6 credit accounts closed in 2010!
    Official SOS Club number 001 - Dry until 01.07.10
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.8K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture