re card applications

trevor_john

Hi i have recentlt had all the neg info drop off my credit file after 6 years.I have copies from equifax and experian and there are no defaults or anything bad showing.

I recently applied to nationwide and mbna and both knocked me back .I then applied to amex who have approved me with a nice size limit, why ?

The only things on my file are my 12 k van loan and my current cap 1 card that is also running ok.The only thing is that i am not on the electoral role at my new house (of 3 months)although i was at my last address for 8 years.
thanks T.

Moggles_2

The only thing is that i am not on the electoral roll at my new house (of 3 months)although i was at my last address for 8 years.

There's no quicker way to trash your credit score than to move house and neglect to register!

Your best bet is to apply for a new credit card before you move.

trevor_john

Moggles wrote:

There's no quicker way to trash your credit score than to move house and neglect to register!

Er theres not much choice as they only update the electoral role annually.Its done on the 15th October where i live,in fact we recieved the papers to register today.

I really did not NEGLECT to register thats for sure lol.

YorkshireBoy

trevor_john wrote:

I recently applied to nationwide and mbna and both knocked me back .

I think I'd have been tempted to appeal the Nationwide decision, rather than racking up several searches in quick succession and risking (although it appears it's not turned out that way with the Amex acceptance) damaging your credit file.

Lenders like stability, so...

Did you put your previous address/length of time there on the application forms?

Also, were you on the electoral roll at your previous address?

trevor_john

YorkshireBoy wrote:

Did you put your previous address/length of time there on the application forms?

Also, were you on the electoral roll at your previous address?

yep I put my previous address as they ask if less tha 3 years.I was there for nearly 8 years and was on the vr there its just that at the new addy it takes while to get registered.Its not as if you can just ask lol.

YorkshireBoy

It doesn't apply to Nationwide (since they run their own card I think), but were some of your previous 'troubles' with an MBNA run credit card - they do run a few branded cards?

Maybe their records go back longer than 6 years?

Other than that, it must just simply be down to the lenders' individual scoring criteria.

trevor_john

Nope the only cc ever had (badly) was barclaycard .I have cap 1 for 6 years no probs but got knocked back by nationwide and mbna and then amex no probs.

Ah well some ya win lol !!

M_Thomson

Maybe you didn't fit the profile of customer that MBNA or Natiowide are looking for. It doesn't mean that you are not creditworthy. Don't take it personally.

Moggles_2

theres not much choice as they only update the electoral role annually. Its done on the 15th October where i live,in fact we recieved the papers to register today

FYI (& for other prospective applicants), Councils can add entries throughout the year.

Obviously, I don't know where you live, but if you type "electoral roll" and the name of your council into google, you'll be directed to the relevant pages on your local authority website. Most LA sites include an explanation of how the register is compiled and when your name will appear. The time involved varies during the calendar year.

None of this affects electors who are entitled to return to the neighbourhood where they're registered and vote, but it's crucially important when applying for a credit card to confirm your electoral status first. While lenders assess us differently (luckily), everyone's score improves no end, once they're on the electoral roll.

For more info, click on *Credit Rating* in the blue box above this board. Then click on Martin's *Check and Improve your Credit Score*article at the top of the page.

trevor_john

Moggles wrote:

FYI (& for other prospective applicants), Councils can add entries throughout the year.

ERRR I tried that and was told "the register can only be updated annually.This is done on the 15th October and i have the forms arrive yesterday.

I may have mentioned it earlier,but thanks for your input and welcome to m.s.e.

Moggles_2

Hi there again

I realise this will be of little consolation to you at present, but I'm concerned that the 100 or so MSEs who have read this thread, will go away with the impression that you can only register once annually and if you miss that deadline, you're basically stuffed for another year.

Granted, there is a blind spot from mid-August till December where you live. This is because a borough-wide audit is undertaken in August and the register is updated in October. However, it will be possible to register each month from early December until mid-August, using the rolling register procedure.

You do not have to enroll in person. Most local authority websites are set up so you can register online or download a form. The same form can normally be used for change of address, if you were on the roll at the old address.

The period before your name is added to the register varies during the calendar year.

Hope future applications proceed more smoothly

Very best
M