Any credit card issuers who are good for accepting very bad credit?

Caseyffa

I'm 19, not a student, I've never personally had any direct debits and I've made a fair amount of credit searchs before.

My credit score is between non existent and bad. I don't even get any analysis from the big credit report companies such as experien - they say there's lack of information. On clearscore I have about 187 and I've found them to be quite good. I've seen my friends scores on there too so it seems accurate. He has a car, job and pays two phone bills (all going on 2 or 3 years now) Same with when checking eligibility for cards, seems accurate - I have a low chance, looks like he's accepted for pretty much everything.

I've read that there's more chance of getting a credit card than a loan.

Companies in the marbles group say I have a fairly good chance then they reject me. Not even considering, no phone call to go through everything or anything. Yet they have the cheek to keep sending me their stupid circular letters saying good news you can now apply!

Cashcardplus I'm skeptical about and I want to recieve actual credit even if it's the smallest amount. Not just be paying to have a cash card which is not much different from a free bank debit card.

Open to any company at this point as long ad it makes sense

[Deleted User]

Aqua
Marbles
Vanquis
Cap One
Luma
Bcard Initial
Your own bank

Ignore your credit scores, and those of your friends. What appears on your three credit files?

ampersand

Why, at 19, do you want or feel you 'need' a credit card?

That apart, the more searches you make, the more footprints - and these are negative footprints - you are leaving.

Ebe_Scrooge

CaseyFfa wrote: »

I've read that there's more chance of getting a credit card than a loan.

One of the cards listed by ZX81 will be your best bet.


However, the quoted text above concerns me - are you thinking of using a card to borrow money over a medium-to-long term ? This is a very very very bad idea. Quite apart from anything else, you'll be paying a very high rate of interest.


Credit cards can be a great way of improving your credit history, if used correctly. By which I mean :


1. Use it for everday essential spending - food, petrol, etc.
2. Each month, wait for the statement to arrive.
3. Pay off the balance, in full, on time, every month, without fail.


Used like this, it will reflect positively on your credit history, and enable you to apply for more mainstream cards ( with lower APRs and possibly rewards ) in the future.

Candyapple

CaseyFfa wrote: »

I'm 19, not a student, I've never personally had any direct debits and I've made a fair amount of credit searchs before.

If you have made lots of searches/applications for credit then I would say you need to wait at least 1 year before applying for anything because all you are doing is making things worse for yourself because you look desperate to lenders and will probably just result in more declines and set yourself back timescale wise even further.

Surely you have a bank account? A mobile phone contract? Do these not show up on your files?

Are you on the electoral roll?

If you are desperate to have a credit card, then plug your details in below and see what it says:
https://creditcards.moneysavingexpert.com/?bad-credit&_ga=2.166660094.1522868399.1498035606-722766352.1498035606

PeacefulWaters

Candyapple wrote: »

If you have made lots of searches/applications for credit then I would say you need to wait at least 1 year before applying for anything because all you are doing is making things worse for yourself because you look desperate to lenders and will probably just result in more declines and set yourself back timescale wise even further.

Surely you have a bank account? A mobile phone contract? Do these not show up on your files?

Are you on the electoral roll?

If you are desperate to have a credit card, then plug your details in below and see what it says:
https://creditcards.moneysavingexpert.com/?bad-credit&_ga=2.166660094.1522868399.1498035606-722766352.1498035606

I agree word for word with this.

Stop seeking debt. Stop obsessing with credit scores. Register to vote. Pay your bills on time. Leave new credit for a year.

Caseyffa

I don't have any bills.
Rent is paid for.
My phone was outright bought almost 3 years ago. I use Pay as you go and sim only. Reoccurring Sim only would help build my credit score I know but I don't need it every month.
Other utilities are prepaid.

I live on my own but it's a long story. So I have a fair amount of "proper" adult responsibilities.

I've only made two or three searches the past year. The past 2 months. I've checked lots of eligibility calculators and I looked very into the cards the results mutually suggested. One application for marbles, one for one of their partners cards and one for a bank I think it was Barclays that came up. Instant rejection. In the past they've said they need more information but these days not a word extra. Just rejection. Even the first few applications I ever made rejected me.

It's not that im seeking debt. And I want to borrow money short term. I always search the shortest period (one month) where possible otherwise no more than a year. I don't care much about my credit score, it's just that this file is stoping me from doing basic things. I think the main issue is to do with limited history. Most people my age have a phone plan or job that gets them some history. I don't know how I missed out.

I'm on the electoral roll but that's about it. Done all I can. Just want to find an issuer who will accept me. If I have to pay higher interest then so be it. It's as expected. Sacrifices. I'm not clueless about this, there aren't any other options.

Candyapple

First things first, have you checked your credit files with all 3? What do they show?

The free versions to check your credit files are below:
Experian: https://www.moneysavingexpert.com/creditclub
Equifax: https://www.clearscore.com
Call Credit: https://www.noddle.co.uk

I know you said you use PAYG, but what about taking out a recurring monthly SIM contract for the lowest amount? You could get one for as little as £5 per month:
http://www.three.co.uk/Store/SIM/Plans_for_phones?id=1671&aidset=1

You never answered about whether you had a bank account and if it showed up on all 3 of your files?

Having a job/being employed is not reported on your credit files so will have no bearing on your credit history.

You say you're on the electoral roll, but does it show up on all 3?

Are you employed? If not, it could be this simple reason (along with limited credit history) as to why you are being declined for everything. Without a form of income most lenders won't entertain your application.

Potbellypig

You don't need a credit card. You are young, employed and have no debt. Perfect. That is a great basis to start life from.

Candyapple

Potbellypig wrote: »

You don't need a credit card. You are young, employed and have no debt. Perfect. That is a great basis to start life from.

In today's society, it's not really good advice.

What if the OP wanted to apply for credit for something further down the line and was declined? All because they didn't take 2 minutes out of their day to sort out their credit files and understand how credit works.

Being responsible with credit and showing lenders that you are is what builds your credit history. Having a thin file or no existing credit agreements means that you are just as much as an anomaly to lenders as someone who has a poor credit history with lots of missed payments/defaults and will likely cause declines - as the OP has found out.

Also, where did OP say that they were employed?

If OP applied for a credit card, got it and then set up a direct debit for the FULL monthly repayment, then all they need to do is to put their normal spends on the card such as shopping, petrol etc. and then make sure the money they normally would have spent is sitting in their bank account ready for the DD to be taken.

This is a surefire way to build your credit history and get those green zeros. It takes time and patience.

Potbellypig

Candyapple wrote: »

In today's society, it's not really good advice.

What if the OP wanted to apply for credit for something further down the line and was declined? All because they didn't take 2 minutes out of their day to sort out their credit files and understand how credit works.

Being responsible with credit and showing lenders that you are is what builds your credit history. Having a thin file or no existing credit agreements means that you are just as much as an anomaly to lenders as someone who has a poor credit history with lots of missed payments/defaults and will likely cause declines - as the OP has found out.

Also, where did OP say that they were employed?

If OP applied for a credit card, got it and then set up a direct debit for the FULL monthly repayment, then all they need to do is to put their normal spends on the card such as shopping, petrol etc. and then make sure the money they normally would have spent is sitting in their bank account ready for the DD to be taken.

This is a surefire way to build your credit history and get those green zeros. It takes time and patience.

This is all I need to reply to. You're right, building a good credit history takes time and patience. Does OP look like he/she is looking like someone who is patient? In the small snippet of information we have on he/she, my advice to this person would be not to get into any debt yet. I get the feeling that ''my mate Johnny has got a car and 2 phones and I want that too!'' is why OP 'needs' a credit card. I see no reference to wanting to build up a credit file to help later in life, I see no I'll set up a direct debit and pay off in full every month. I do see comments like ''Cashcardplus I'm skeptical about and I want to recieve actual credit'', and I do see ''Just want to find an issuer who will accept me. If I have to pay higher interest then so be it'', and I do see ''I've seen my friends scores on there too so it seems accurate. He has a car, job and pays two phone bills''

I'm not here to change your opinion. My opinion on this person (in the short piece of information we both have), is that debt is not the answer at the moment.