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FD Credit Scoring Query

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Anon
Anon Posts: 14,561 Forumite
Part of the Furniture 10,000 Posts Name Dropper
I was recently rejected by First Direct for ther current account as I did not meet their customer profile according to the letter (I have a number of current accounts and wasn't proposing transferring to them!).

I am getting to the end of my 0% with Egg but wondered whether I am also likely ot get rejected for the credit card? Also, do you need to have an FD current account to get a decent limit on their credit card (or even to get the card at all)?

Many thanks

Anon

Comments

  • deemy2004
    deemy2004 Posts: 6,201 Forumite
    If they rejected you for the current account, then its highly likely you will be rejected for the credit card

    Maybe too many card applications over a too short a period of time ? Thus you will need to give it some time..
  • JayS_3
    JayS_3 Posts: 318 Forumite
    Anon wrote:
    I was recently rejected by First Direct for ther current account as I did not meet their customer profile according to the letter (I have a number of current accounts and wasn't proposing transferring to them!).

    I am getting to the end of my 0% with Egg but wondered whether I am also likely ot get rejected for the credit card? Also, do you need to have an FD current account to get a decent limit on their credit card (or even to get the card at all)?

    Many thanks

    Anon

    I had no problems, just opened a current account with FD, and at last count had 4 other current accounts with other banks. I think it was more likely you didn't offer to transfer your current account that your salary/earnings gets paid into, to them? You could, and then change your mind.
    The only stupid question, is an unasked question ...
  • isasmurf
    isasmurf Posts: 1,998 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Do you have a fixed land line? First Direct will only accept people with a fixed phone line (or at least they used to).
  • I was also refused but am not too fussed. More annoyed I missed out on the free £25 and have another credit search!

    Think the searches were a problem though as I have about 7 in the last month. I did this on purpose though as I wasnt planning on getting any new accounts for a while, and wanted all the searches to go on, and ultimately disappear at the same time, for when my new 0% rate runs out in 9 months.

    Already prepared a letter to send FD though when I get the letter off them asking them to reconsider, giving the fact its only a current account for gawd sake :rolleyes: I am not interested in an overdraft or cheque book!

    Hey ho
    JW
  • Bear in mind that searches on Experian last for 12 months, but on Equifax, last for 2 years.
    Mortgage Feb 2001 - £129,000
    Mortgage July 2007 - £0
    Original Mortgage Termination Date - Nov 2018
    Mortgage Interest saved - £63790.60
    ISA Profit since Jan 1st 2015 - 98.2% (updated 1 Dec 2020)
  • How come the equifax report only shows searches in the last 6 months on my online report?

    JW
  • Galstonian
    Galstonian Posts: 1,292 Forumite
    Were there others? Does it differ from the paper report? If you know info is missing you should probably investigate.
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