SUBPRIME TO PRIME? when?

bb3186

Hi,

I was just wondering what everyones experiance was on acheiving better rate credit cards or loans.


My current cards are VANQUIS £2250 had this account for 18months all greens (increase in jan £2500)

CAPITAL ONE had this account 10 months all greens (£250 increase jan £800)

NATWEST current account £50overdraft had for 9 years

I also have a small payday loan which i have paid off for 5months (does thsi help your rating?)


My credit rating has been very bad from silly youth and have 4 settled defaults all over 5 years old

and 2 ccjs one in 2005 and one in 2006 :mad:

my question is even though i have these defaults and ccjs i still managed to be lucky enough to be accepted on 2 cc and have got good limits on them. But what is the progression from here?

I applied for barclaycard progress 5 months ago got declined.

I am on electrol roll and have an income off 35k a year.


advice would be very much appreciated. thank you

Bravehearted_2

Regardless of your sub-prime cards, I'm doubtful any mainstream lender will give you a card with 4 defaults and 2 CCJs still active.

I'm willing to bet that's why Barclays rejected your appplication.

You need to wait till these fall off - or try your bank for one of their cards?

joedenise

I don't know the answer but I suspect you'll need to wait until the CCJs fall off your credit history.

Denise

Seems Braveheart saw your post just before I did!

KingElvis

Prime is not going to happen with all that on your credit record.