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Stumped!
Skint_Catt
Posts: 11,548 Forumite
in Credit cards
Hi guys, I think I've finally been stumped.
After sorting myself out and managing to get debt free, my boyfriends situation has me stumped.
He briefly worked for a leading Sports store and signed up for their mastercard not knowing what the APR was. I found out it was 24.9% and he has run up £700. He is shortly leaving to play golf full time (professionally) and therefore want to apply for a new lower APR card before he is 'unemployed'.
We have tried M&S & IF, but both have been rejected. He doesn't think he has any bad credit but is currently living with his sister (and has been for a year) and isn't on the electoral role there.
I have thought his next option is Capital one, but don't know which one to apply for first, as it says if you get rejected for one you can't then apply for another. So does he go for the 'bad history' card (which I don't think is any better than his current APR) or the one for slightly better credit rating with 6.9% and risk getting rejected and burning his bridges?
Any other suggestions? Need to move quickly before his employment terminates.
Many thanks, S_C
After sorting myself out and managing to get debt free, my boyfriends situation has me stumped.
He briefly worked for a leading Sports store and signed up for their mastercard not knowing what the APR was. I found out it was 24.9% and he has run up £700. He is shortly leaving to play golf full time (professionally) and therefore want to apply for a new lower APR card before he is 'unemployed'.
We have tried M&S & IF, but both have been rejected. He doesn't think he has any bad credit but is currently living with his sister (and has been for a year) and isn't on the electoral role there.
I have thought his next option is Capital one, but don't know which one to apply for first, as it says if you get rejected for one you can't then apply for another. So does he go for the 'bad history' card (which I don't think is any better than his current APR) or the one for slightly better credit rating with 6.9% and risk getting rejected and burning his bridges?
Any other suggestions? Need to move quickly before his employment terminates.
Many thanks, S_C
0
Comments
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It might be worth getting a look at his credit history to see if there is anything bad or inaccurate in it. You can get a statutory report with all his credit info in from https://www.experian.co.uk for £2. It will be with him withint 7 days and he can take a good look at it and get any inaccuracies corrected. You have to dig around their website to find the £2 report. They also offer services for you to view your credit file online but that costs a little more. NOTE. You want to see his credit HISTORY (AKA credit FILE), not his credit score.
HTH
ClarimanAuthor of the first Stoozing FAQ on the Internet and Creator of the SOA & Snowball calculators at Lemonfool.co.uk0
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