Poor Credit Rating - Capital One

jimimi

They prob will accept him, I have CCJs (settled) and defaults, plus I still owe Cap One money and they've just given me a new account.

LMCD

star-fire wrote: »

What is the point of going from a cap 1 classic to a cap 1 progress card,that is like going 1 step forward then 2 steps back.

Well from what I have read the progress has lower apr...the classic doesn't.

BugsyBrowne

LMCD wrote: »

Well from what I have read the progress has lower apr...the classic doesn't.

If anything the classic does its job,get your green 0's on there for a while and then see where you are then,you don't want to go from 1 sh*t card to another sh*t card.
You need to move up the credit ladder not stay on the same step,36 months to get a APR of 17.9% 3 years it will take for a maximum credit limit of 2.5k,if you keep sending green 0's to the CRA's from your cap 1 classic give it 12-18 months and surely by then you will have a decent enough credit report for a application to a high street lender with a 0% balance transfer from possibly your cap 1 classic...

LMCD

star-fire wrote: »

If anything the classic does its job,get your green 0's on there for a while and then see where you are then,you don't want to go from 1 sh*t card to another sh*t card.

ok cheers - waiting on the electoral role to update on the credit file and take it from there..all are green bar the electoral role...... so not really got a look in from anyone else at the moment.