halifax refused me. What!!!

jennifernil

As new customers, the OP has no track record with Halifax. After a few months, as said, likely Halifax will be offering them cards.

We are long-standing HBOS customers, and retired for 7+ years now. We applied for the Clarity card when it first came out. OH, as our main pensioner was given a limit of £7600, I later applied for my own CC and was given a limit of £1500, now increased to £2000. My income is below the tax threshold.

Elsewhere we have limits totalling around £30k, but obtained while OH was still working. We only use about £1k of that on a regular basis, and all cards are cleared each month.

Recently he got an £8k BOS 0% card for 13 months, and a Tesco 0% card with £4500 limit for 24 months. So being retired is not necessarily a barrier.

We paid the minimum each month, repaid in full before any interest was incurred, and have since cancelled the BOS card.

The Tesco one will also be cancelled once repaid.

Bosie

Just to add I am retired and have the Halifax's Clarity Card. So don't think they are anti-pensioner!
As I travel a lot the Clarity card is a good card for me.

Scrootum

cajef wrote: »

You still have not answered my question, how would the Halifax know whether they were going to pay it off in full or not every month?

credit reports show how much available credit is being used and i would suspect the ones the banks see contain a little more info than the ones Joe public get to see.

Tixy

Scrootum wrote: »

credit reports show how much available credit is being used and i would suspect the ones the banks see contain a little more info than the ones Joe public get to see.

They don't see anything more than an individual can see when they view their own credit files. In fact they see slightly less, because they don't see all searches and the list of credit accounts they see is anonymised.

That said some lenders do report enhanced account information on to credit files - where they also show the amount of new spending and amount repaid in the month on a monthly basis.
But in those instances the information would appear on both the version of the file an individual sees and the version a potential lender would see.

cajef

Scrootum wrote: »

i would suspect the ones the banks see contain a little more info than the ones Joe public get to see.

So only what you suspect, can you link to anywhere this is stated as fact or is this just your opinion with nothing to substantiate your original post (#5) in this thread, just because they paid previous cards off in full does not mean they would do the same with a new Halifax card.

Scrootum

cajef wrote: »

So only what you suspect, can you link to anywhere this is stated as fact or is this just your opinion with nothing to substantiate your original post (#5) in this thread, just because they paid previous cards off in full does not mean they would do the same with a new Halifax card.

No evidence, but many different banks will be part of the same group and will share info that never goes to the reference agencies.

Tixy

Scrootum wrote: »

No evidence, but many different banks will be part of the same group and will share info that never goes to the reference agencies.

But smile and halifax are not part of the same group.
Halifax won't have any more information about how the OP ran their smile credit card than can be seen on their own credit files.

cajef

Scrootum wrote: »

No evidence, but many different banks will be part of the same group and will share info that never goes to the reference agencies.

Stop digging holes for yourself you cannot substantiate your original post, you have no evidence it is just supposition the forum is supposed to help people, posting meaningless rubbish is helping no one.

Scrootum

cajef wrote: »

Stop digging holes for yourself you cannot substantiate your original post, you have no evidence it is just supposition the forum is supposed to help people, posting meaningless rubbish is helping no one.

Fair enough, if you want to believe that banks make all their lending decisions purely based on the public CRA information, good luck to you.

cajef

Scrootum wrote: »

Fair enough, if you want to believe that banks make all their lending decisions purely based on the public CRA information, good luck to you.

It will never bother me as I don't have a problem getting credit cards and I do not borrow money but if I wanted to I would prefer advice based on facts not a load of bull.

http://forums.moneysavingexpert.com/showpost.php?p=63987078&postcount=60