Vanquis - 'Once a lifetime' card

A4445

Somerset_La_La_La wrote: »

Thanks for replies - totally agree with matt, if anything I'd argue being bankrupt once makes you *less* likely to be bankrupt again - all that paperwork and hassle, and imagine the inevitable questions and almost certain IPO you'd get hammered with!

Also bear in mind how long it takes an ex-bankrupt to rebuild... by the time they've got any half-decent limits that would warrant maybe going bankrupt for, it just wouldn't add up to do it again unless you had severe problems.

My salary is a hell of a lot better than it was back then, and I have no debt. Personally I'd lend £200 to someone in my position and see what happens!

As for Vanquis - it seems the initial advice WAS incorrect. I got a call from them today after asking (last week, before I phoned) why I was getting blocked. They say that their system of calculating 6 months is different to mine!, and I should be ok to re-apply now and be considered as normal.

Did that, and it was referred, so will see what happens. Certainly seems like they do give second chances afterall I've still got an incorrect balance outstanding on my file, so if I don't get it now, I'll try again in 6 months (which will only be 1 year discharged).

My application was referred, and had a phone call the next day and was approved over the phone. Vanquis seem to refer most applications they like to check the details over the phone.

I agree never going bankrupt again it's been a long time recovering from it. My attitude to money is completely different now! Will not be making the same mistakes again it's a hard lesson to learn!

[Deleted User]

Yep - Vanquis' investor relations documents do state that they "underwrite based on an initial phonecall" - whatever that means.

If you answer as "yo yo yo... whats up fam" maybe it's a no.... if it's "Hello.... xxxxxx speaking" it's a yes?!?!?! :rotfl:

I don't expect to get it, 8 months discharged I'll be laughing if I do. The only hope I've got is my new salary. They know full well if I default but keep this salary they'll easily get an Attachment of Earnings & £££££ from charges!

A4445

Somerset_La_La_La wrote: »

Yep - Vanquis' investor relations documents do state that they "underwrite based on an initial phonecall" - whatever that means.

If you answer as "yo yo yo... whats up fam" maybe it's a no.... if it's "Hello.... xxxxxx speaking" it's a yes?!?!?! :rotfl:

I don't expect to get it, 8 months discharged I'll be laughing if I do. The only hope I've got is my new salary. They know full well if I default but keep this salary they'll easily get an Attachment of Earnings & £££££ from charges!

I don't think only being discharged is the issue but if I remember rightly you've had a number of credit searches recently I think it my push your APR right up. Not an issue if you pay in full every month.

I got the standard 39.9%. My bill was £123 this month and the estimated interest was £5.99. I was a little shocked how much it was. Mind you they will never get a penny out of me in interest!