Applying for Vanquis

Raspberryleaf

Hello

My partner has been turned down in the past for a current account due to bad credit in the past (left an account open but empty with a small DD coming out of it which obviously couldn't be paid. He ignored letters - stupid teen at the time). He would like to improve his credit rating by applying for a credit card such as vanquis and paying for something relatively small on it each month and paying it in full every month.

On the application it says household income and I was just wondering if that's to include my income as well? We live together but our accounts are completely separate. I assume it does? However I'm on maternity leave so would we include my SMP for the year or my earnings last year?

Any advice gratefully received!

BrookesAndrew

Vanquis is a good card to build your credit rating. I had mine for eight months and then I applied for a Tesco card and got better APR, interest free and everything.

Household income includes all the income in the household. If I was you I would include the wage that you get when you are working. I am not a 100% sure on that though. Maybe better off giving Vanquis a call and seeing what they mean.

Hope this helps.

thebritishbloke

I had a vanquis card for nearly 2 years as my first credit card, so long as you set up a direct debit to pay it off in full each month, it's fine

BrookesAndrew wrote: »

Vanquis is a good card to build your credit rating. I had mine for eight months and then I applied for a Tesco card and got better APR, interest free and everything.

Household income includes all the income in the household. If I was you I would include the wage that you get when you are working. I am not a 100% sure on that though. Maybe better off giving Vanquis a call and seeing what they mean.

Hope this helps.

Watch out with this one, a lot of agreements state that you can only include your own and your spouses income. That's when it asks for household income, if it asks just for income, then it's just your own income.

purple_purple

I applied when I was a student and they told me to count the entire household which at the time was 32k pa and funnily enough they accepted me!

thebritishbloke

purple_purple wrote: »

I applied when I was a student and they told me to count the entire household which at the time was 32k pa and funnily enough they accepted me!

"Household income" is legally defined as you and your spouses income. You can't count your parents or siblings income in this figure.

MrChoccy

While credit cards aren't inherently bad I would avoid "Vanquis".

They have been known to use fear tactics and spam people with calls, additionally know someone who worked for them before. Their ethos does not have you in their best interests at all.

[Deleted User]

If you pay back what you borrow, there'll be nothing to fear.

Anthorn

thebritishbloke wrote: »

"Household income" is legally defined as you and your spouses income. You can't count your parents or siblings income in this figure.

Actually all income coming into the household and members of the household don't have to be related:

Household income is defined as the total income of all members of a household aged 15 years or older. Household members do not have to be related.

http://www.ehow.co.uk/info_7948714_definition-household-income.html

c.f. benefits such as JSA.