Vanquis

murphyj

Hi All

My first post after browsing the threads for a while!

I have cleared my overdraft of around £2000 6 months ago, payed of my store credit, and finished my mobile phone contract.

I have a poor credit rating due to some late payments and things, however i have never defaulted so wanted to increase my score. I applied for a vanquis credit card and have been accepted. I feel comnfortable now to manage the card & my spending habbits as I want to be able to get a mortgage in the next few years.

How are peoples experience with vanquis,... I do have 15 days to cancel however i just want some sort of clarification that they are at least okay as i saw it as a steady way to build my credit.

Thanks all

J
xx

[Deleted User]

They're fine as long as you abide by the t&cs. ie don't go over your limit and pay on time.

Make sure you pay in full each month and don't take out cash.

carousels

I had the card for about four years? Never had a problem with them. Like the poster above said, as long as you abide by the T&Cs, you'll be fine. And the card does it's job. It improves your credit history which gives you an opportunity to apply for prime cards with decent perks.

I used to use my Vanquis card for my food shop and petrol. It only came to around £450 every month and it was always cleared in full.

murphyj

Thanks for your input, That is what i intend to do get my petrol on it and clear ito off in full each month.

Sounds like it may be just what i need

Thanks again
x

giblet10

I had Vanquis for just over a year - the period between my IVA finishing and all the associated stuff dropping off my credit files.

Pro's
- they were the only card provider willing to touch me at the time
- no interest if you pay off in full
- rapid increase from £500 limit to £1250 in under one year
- good for the credit file

Con's
- the card took three weeks to arrive

I'd recommend them certainly.

Sinhanada

They are good - I had one for a period of time until I ran into difficulties. During this period they were superb and helped me through. I no longer have it, but I cannot fault them for their approach. Yes, definitely pay it off in full each month

ner0187

Vanquis have been a decent provider for me, I've gone from the initial £500 limit to £3500 now. So long as balances are paid in full each month to avoid the high interest rates you should be fine with them!

thebritishbloke

They're decent, just don't fall into their trap to buy their PPI-equivalent. They'll keep phoning you and pestering you but you can generally get them to stop.

Set up a direct debit to pay it in full every month. Don't fall in to the borrowing trap or you'll be stuck with 60%+ interest.

kpearsoncj

i have had the card since feb - had one increase and never really had any problems. Card is just like any other interest can be a lot but thats the way it is lol - never been pestered either all round good card for what it is