MSE Credit Club // Tesco Foundation

[Deleted User]

MSE Credit Clubs shows Tesco Card as being ok for bankruptcies. Tesco Bank have told me several times that I won't get it "because [I was] bankrupt not long ago". This was almost 3 years ago.

I even appealed, and was declined.

So.... 1 - Does anyone have any experience of this card after bankruptcy. If so, how long did you wait etc

2 - Where does the following info come from, as it contradicts another site which has an X next to 'Accepts Bankruptcies' (I don't know if I'm allowed to link to said site....). Link to MSE Version: https://clubs.moneysavingexpert.com/creditclub/eligibility/credit-cards/bad-credit

Rate: 27.5% representative APR (See Official APR Example)
Min income: £5,000 | Card issuer: Mastercard
Accepts defaults? Yes, provided they're 18 months old or more
Accepts CCJs? Yes, provided they're 18 months old or more
Accepts bankruptcies? Yes, provided it's 18 months old or more
Minimum repayment: Greater of 1% of balance plus interest, or £25

sourcrates

Could be another reason why you were declined.

They can decline you for 1001 different things.

May i ask why you want credit again after been bankrupt ?

[Deleted User]

True, but seems strange that different advisers would say public record information, and ask about bankruptcy, when I only asked for "more information about the decline", without specifically mentioning bankruptcy.

I'm guessing it's that or searches - just wondering if anyone had got it after discharge. I'm assuming they won't change their mind and take me before October, so I'll probably never try and get it again after that.

As for wanting credit - because I'm older, and hopefully wiser, than I was when I previously misused credit. Going bankrupt causes so many issues in everyday life, that I'd never repeat it again.

Having good credit creates so many opportunities - I don't think people realise until it's pulled, just how valuable it can be to have good (or at least average) credit - if you use it wisely.

I need to manipulate (or 'build', whatever people want to call it!) my file before next year for a mortgage. After that, it'll be for free money from stoozing, switching & intro bonuses etc etc.

sourcrates

I wish you luck with it then !!