Got Declined for a Very Account...not sure why?

MentalMinnie

I wanted to take advantage of a Dyson on offer and to take an extra 10% off on a new account opening. But I was refused, and i'm not entirely sure why.

I have 3 CC's, 2 with no balance £2800 and £1500 limits, and one with £800 on it
a loan with £2200 remaining for 18 months,
A contract mobile,
A Bank account with an O/D of £50 which i use only occasionally.
A JD williams acc with a bal of £120

Theres one late payment marker on the catalogue acc, but thats it. I also financial association (SP?) with my mother whom has poor credit, but I've just sent forms to all of the agencies to get it removed, one has replied and confirmed it's been done, just waiting in the others.

Any thoughts? Am i over streached on the credit front maybe? The CC's are good APR's as well, 6.9% and 9.9%. The other is a cap One card which is a crap APR of 29ish i think.

Tremour-88

It could be due to too much available credit, and depends if the company has had any past experiences with you (such as Littlewoods etc.)

MentalMinnie

Nope. Only ever had one catalogue account, and i'm still using it, which is JD

MentalMinnie

Will be getting rid of the Cap one card anyway, never used it and its a crad APR

lee1985

Minnie

It seems as though your rejection was before all CRAs have processed your notice of disassociation that is to get your mother removed, and this is probably why you have been rejected.

Had you have applied after all CRAs confirmed the association was deleted and no longer available for lenders to see, there is no reason why Very would reject you.

They are often very reasonable in their credit scoring.

KingElvis

Rejection from Very is a worrying thing indeed.

Saints2011

If you've had a account with them in the past they auto decline

MentalMinnie

KingElvis wrote: »

Rejection from Very is a worrying thing indeed.

I don't get it though?? How do i have a loan and good CC's but refused a very acc???!

MentalMinnie

Saints2011 wrote: »

If you've had a account with them in the past they auto decline

Never held an account with them. Only catalogue i've had is JD Williams and i still have it

MentalMinnie

It'a annoyed me though cos the Dyson was only £189, which is a bargain for a Dyson!! :mad:

MentalMinnie

So...any suggestions on what I can do? Is it most likely to be the financial association with my mum? She might have had a Littlewoods cat years ago.