£2k

col371654

Im looking to borrow 2k and i think the best way to doing it is with the virgin card as explained on this site. Am i right to do this. I dont have a credit card and have never had one but am considering one for this loan?

paddyrg

If you have never had a CC, you are frankly unlikely to get a cheap card with a £2k credit limit, unless you can demonstrate a decent history of being a responsible borrower.

col371654

i keep getting them offer through the post and have never needed to use one. But my credit score is good, why would i not be accepted?

paddyrg

Maybe you will, who knows? But don't rely on it. You may find that when they start the actual process rolling they start you off with a limit of £500 to see how you do, for instance. Credit scores from sites like Experian are at best a loose guide, each individual lender has their own rules and systems, but typically one thing they like to see is a history of responsible borrowing. To get my first credit card I had to borrow a grand from the bank for a year just to start getting a credit record of paying back in a time - before that I had no credit history for anyone to base lending decisions upon.

[Deleted User]

col371654 wrote: »

i keep getting them offer through the post and have never needed to use one. But my credit score is good, why would i not be accepted?

credit = something you can get when you DONT need it,and something you CAN`T get when you do