Successful application, limit too low- apply for a 2nd?

Superscrooge

If you prove to Virgin that you are a good credit risk by staying within your credit limit and not missing any payments, Virgin will probably increase your initial credit limit after 6 - 12 months, quite possibly to £5,000.

Reachforthestars

Ok, the wedding needs to be paid up by beginning of June, so,could,do,with it before then really but it could be an option if nothing else comes up, thank you.

YorkshireBoy

Reachforthestars wrote: »

My income is £20289 part time employment, my partners is £31000, we have a mortgage for £496 a month and 2 children.

Is there any reason he can't share the cost and make up the £1.5K shortfall with an application in his name?

Or is he carrying some debt of his own already? If he is, then that will affect your applications through the financial association created by the joint mortgage.

Reachforthestars

He dosnt have any debt never had any credit cards etc I've checked him out on clearacore he has rating of 483 but no credit history he's also self e,played which I believe may negatively effect it, I had considered giving it a try though.

Reachforthestars

Well, curiosity got the better of me and I applied to barclaycard and I've been approved for a limit of £5000! Should of just gone for barclaycard in the first place had I known! So I now have the £5000 I wanted plus £3500 for 'emergency'. The monthly payments minimum are sloglhty higher with bc at 2.25% and virgin just 1% but I intend to lay more than the minimum once the wedding is done anyway. Can't believe it! Thanks for the help

YorkshireBoy

Reachforthestars wrote: »

He dosnt have any debt never had any credit cards etc I've checked him out on clearacore he has rating of 483 but no credit history he's also self e,played which I believe may negatively effect it, I had considered giving it a try though.

I've just bagged a new credit card 2 weeks ago with a Clearscore 'rating' of 379 (I know...the shame of it!).

I bagged 3 in quick succession earlier this year when it was 422 (probably why it's now 379).

In short...you can somewhat ignore the numbers!

YorkshireBoy

Reachforthestars wrote: »

I intend to lay more than the minimum once the wedding is done anyway.

That'll please hubby I'm sure.

amstel2

Similar thing happened to me cr limit not enough to cover B/T. Applied for 4 cards on same day in succesion after soft searches all accepted. Full B/T now covered. When cards arrive will note details, reg to manage the card online set up D/Ds & then cut them up.

shaundiamonds

Stay under 30% of total balances spending or you're not going to get any more credit.

Richey_

See you in a year for consolidation loan advice...