The Sub Prime Credit Thread - Part VI

RICK..._2

Hi guys, I got accepted for a Very account 2 weeks ago, after 2 years of declines! Quick question to those who have/had more than one account, how long did you wait before applying again? Do you have to build up some history with them before they'll let you have another one?

Thanks

- edit decided to try my luck and applied straight away with Littlewoods and got accepted! Well happy

scholesfan88

Do people with subprime cards with high aprs max them out? I've always made sure my balance is paid in full each month so i get charged no interest, the most i spend is usually £50-100 just to build some good credit history.

Alot of people seem to want massive credit limits on these cards and max them out.

guesswho2000

scholesfan88 wrote: »

Do people with subprime cards with high aprs max them out? I've always made sure my balance is paid in full each month so i get charged no interest, the most i spend is usually £50-100 just to build some good credit history.

Alot of people seem to want massive credit limits on these cards and max them out.

Not necessarily. A higher limit will look better on your file, even once you close the account, so a lot of people will want one to make their file look better.

scholesfan88

guesswho2000 wrote: »

Not necessarily. A higher limit will look better on your file, even once you close the account, so a lot of people will want one to make their file look better.

Good to know, cheers :beer: