Problem obtaining credit

Thrugelmir

mcpitman said:

Thrugelmir said:

mcpitman said:

robc281274 said:

Thanks all

If your minimum payment = £200, pay £201, the extra £1 means you made more than the minimum payment and you won't show as a "minimum payment person" on your credit file.

Lenders analyse the underlying data. An odd £1 is neither here nor there. When the debt owed is hardly changing. 

Lenders do analyse the underlying data, they also analyse if a customer is making minimum payments to an account, the £1 extra removes the minimum payment marker from the credit file.

Lenders access datasets supplied by the CRA's. Spotting trends then becomes very easy. 

[Deleted User]

martinbainbridge1975 said:

Deleted_User said:

martinbainbridge1975 said:

Seemingly a lot of lenders appear to be tightening up their criteria in the current climate, this was the impression I got from Natwest when I applied for a card and was declined

They have been for years particularly in light of the responsible lending rules. That said individual anecdotes have no relevance to overall trends, I took out a M&S BT card just recently and Barclays have upped my limit on my main BT card again this month, doesn't prove lenders are getting more generous.

Responsible lending - now there is a topic!  I did some PPI complaint work for a high street bank boy was that interesting in terms of the lack of responsible lending over the years

a shop worker on 10k a year with a 15k credit card limit - disaster in waiting 

M&S have never liked me for some reason for credit cards

15k credit limit is fine on a 10k salary if you don't run it up and are sensible - responsible borrowing not responsible lending. I have more than my salary available in credit but I don't run it up to unaffordable levels because I'm not daft

PPI is a side thing, lot of people wanted it and lied about it when they saw the £££ signs, even people who had previously claimed on it

martinbainbridge1975

Deleted_User said:

martinbainbridge1975 said:

Deleted_User said:

martinbainbridge1975 said:

Seemingly a lot of lenders appear to be tightening up their criteria in the current climate, this was the impression I got from Natwest when I applied for a card and was declined

They have been for years particularly in light of the responsible lending rules. That said individual anecdotes have no relevance to overall trends, I took out a M&S BT card just recently and Barclays have upped my limit on my main BT card again this month, doesn't prove lenders are getting more generous.

Responsible lending - now there is a topic!  I did some PPI complaint work for a high street bank boy was that interesting in terms of the lack of responsible lending over the years

a shop worker on 10k a year with a 15k credit card limit - disaster in waiting 

M&S have never liked me for some reason for credit cards

15k credit limit is fine on a 10k salary if you don't run it up and are sensible - responsible borrowing not responsible lending. I have more than my salary available in credit but I don't run it up to unaffordable levels because I'm not daft

PPI is a side thing, lot of people wanted it and lied about it when they saw the £££ signs, even people who had previously claimed on it

It was eyeopening trust me on that part - people who defaulted and had debt wrote off got full payout without paying the debt back - was bonkers!

I have been daft in my younger days but got my affairs in order and learned from it - that's half the battle not burying your head in the sand

we_mean_clean

I think all of those will affect it. Jumping on the electoral register will help and easy to do, even if you don't want to vote. Good luck!