Aqua Classic?

AnnaLMLH

Hi
Its being suggested I apply for a sub prime card to start rebuilding my credit history
I went bankrupt in august 2010 dischared august 2011, so itll drop off in august 2016
one default that was included in the bankruptcy is still showing as live not settled, (I have now written for it updating) this drops off my credit fil 20th February this year as thats when six years is up

should I apply for this card now or not bother?
I dont want to apply and fail as want to try move house in november, (we have an existing mortgage)

grumbler

AnnaLMLH wrote: »

....should I apply for this card now or not bother?
I dont want to apply and fail...

Nobody can tell you.
Their requirements are very clear, but don't guarantee acceptance:

• You're over 18 and have a permanent UK address
• You have a current bank or building society account
• You haven't been registered bankrupt in the past 18 months or have proceedings against you
• You haven't received a county court Judgement (CCJ) in the past 12 months

After 6 months credit searches are normally ignored by the lenders. Rejections aren't recorded.

AnnaLMLH

well I applied and have been accepted so will start to rebuild trust with this I only aim to spend £50 a month on it and pay off every month, Ill set up a direct debit for the minimum and pay the additional by internet banking

grumbler

As APR is very high, with such small spending it's worth setting the DD for a full amount.

AnnaLMLH

ill do that then, i know exactly what it is ill be putting on it a month, its a food shop we do online once a month for sons special diet, so price will be the same