First Direct Account - Declined

Makaer

m0ns00n wrote: »

Not that I'm suggesting you're lying, but £75k at 24 does sound quite high, even for an IB in London.

When I joined the grad programme of one of the top IBs, the starting rate for IT was approx £36k. I imagine this has probably increased a bit in the intervening 6 years, but not by a huge amount.

Obviously there are exceptions to this rule, but £75k is definitely not low, especially at your age.

Also, given your take home pay is about £4.1k, I'd recommend saving more than £2k a month. No way you need £2k per month on disposable income!

I understand its not a low wage at my age. I meant comparing with my peers, most of which are several years older than me. This was also not my starting wage as I have been here for 3 years.
My take home is also approx £3.8k due to student loan. I agree I definitely dont need to use the £1500~ approx disposable income that I do, but I have been spending a bit too liberally recently.

Anyway this has diverged massively off topic. All the details were only mentioned due to me having to use these in the application. Even the details of the correct way to show CC repayment to the CRA's was off topic, but was discussed due to another poster having a very similar experience with me in regards to having a similar credit history.

Thanks for all who helped with my query.

calypso_rhapsody

Can you set up a DD for the full amount of your credit card bill every month? Most card issuers allow that - usually it just takes a phone call. Then you not only get a credit record but you don't have to keep making the repayments yourself ... though you do need the money in your current account on the due date.