Halifax Credit Card Decline appeal

Bazy

Hi,


I'm wondering if anyone has ever been successful appealing a declined credit card application for Halifax?


I have had a through look at my file thoroughly (on all three CRA'S) and all is up to date, no missed payments, utilisation on current credit cards approx. 70%, 2 phone contracts with O2 up to date, on electoral roll, no CCJ's defaults etc. I used payday loans heavily in the past and actually took out a loan with MYJAR during the summer as I needed a quick, large sum of money, but this was paid back almost immediately. It was also a loan which was to stretch over 12 months, not a typical 'payday' loan.


I am not paying much attention to my score as I know it is irrelevant but my recent account conduct has been good (12-24 months). I am working to improve my history and can only seem to get a hold of these higher rate sub-prime cards which I don't need or want. The aim is a balance transfer card for some respite in clearing my credit card balances.


Wondering is it worth appealing and sending a copy of my credit file via an agency, along with credit card statements, bank statements etc? It may be worth noting I am currently a Halifax Easy-Cash account holder and that I was declined almost straight away, no referrals or 'we will respond it....days time', so it leads me to believe they haven't got a full insight into my circumstances and are relying only on their scoring system.


Any help or recommendations would be appreciated.


Thanks

[Deleted User]

Depends.

What is the current limit and utilization on the cards you have?

You've taken payday loans - which always look negative on a credit file to lenders as it makes you look desperate for cash/credit.

An appeal will probably get you nowhere, as they cannot override their systems with the outcome

BoGoF

Have you used the MSE eligibility calculator?

Bazy

I did yes and the only cards I have any real chance with are Aqua and Marbles, but their BT terms are very short. Also, their starting limits are usually very low.


I became aware that Halifax have a credit card eligibility checker on their website so I tried it and got an outcome of 'likely' (70%) so went for it. Same sort of thing happened when I applied for HSBC a few months back - 'very likely' then declined. Quite frustrating.


Was just hoping that if I put things across in simple terms to a person rather than a computer I might stand some sort of chance of reconsideration. I may go ahead and do it anyway, whats the worst that could happen I suppose?

BoGoF

Think you need to give it longer to repair the previous damage done. Also 70% utilization is pretty high also. As has been asked what are the limits/balances on these cards.....and your income?

BoGoF

Multiple applications aren't going to help

https://forums.moneysavingexpert.com/discussion/5755723

Bazy

Barclaycard - limit £1200
balance - £700


Capital One- limit £700
balance - £650


Capital One - limit £200
balance - £150


Income is £18k.

Bazy

No I understand multiple apps won't help me in anyway but I've only been using the eligibility checkers up until recently (or before I applied for Halifax). The HSBC one was in March but maybe that was too soon. As you have said, could be a case of giving it a bit longer to repair and continue to chip away at my present balances.

BoGoF

I think chipping away is your best option for now. If you can, pay more than the minimum to highest APR

molerat

Having a high utilisation on low limit cards will not appeal to mainstream lenders, if you are not paying that off why would they make more credit available to you. The only way forward is to pay down that debt and try again.

Sncjw

Have you got a current account anywhere as maybe the easy cash is flagging them. They have their own internal requirements so may not be easy to work out why you have been decline