Who will know 7 November 2022 at 5:58PM in Credit cards 13 replies 933 views

MJ7775

I have been unemployed for a while, well I had some health issues. I have a couple of debts I am paying off from before I was ill, not paying interest, monthly payments are very low.

I have just started work, temping and working part time but have a few days away with work and a credit card would really be useful especially when having to hire a car.

I am wondering if I apply for a credit card will the companies I own money to will know. Because I am working on an adhock bases I am not sure how much work I will get, for example I worked most of October but haven't last week or this week.

eskbanker

If you're not paying interest on these debts then there will presumably be negative markers on your credit files and it's entirely possible that you won't be able to obtain a credit card from anyone, never mind the companies you already owe, especially if you don't have secure income.

Try eligibility checkers such as https://www.moneysavingexpert.com/eligibility/credit-cards/search/?goal=CC_CREDITBUILDER

cymruchris

You'd need to provide more detail as to how you got to interest free payments - how long ago this happened - whether you have any defaults on your credit history - what negative markers are showing on your credit reports, if any.

When you apply for a new credit product - it'll leave a hard search on your files - the other lenders won't be able to see who it was with, but from what you've told us the likelihood of acceptance is going to be pretty low. 

Any application may also want to see proof of income, so if you don't have the evidence to support your stated salary, you could be given a CIFAS marker (which would make credit nigh on impossible to get for 6 years plus, and would likely result in the closure of your bank accounts) - so just think carefully when it comes to stating your income, being that it's not a constant at the moment.

MJ7775

Thanks!

I got the interest free payment by asking for it, my credit history is good according to Nat West credit checker thing, 78.

I have have had a few letters offering for me to apply credit cards, including one from my bank

Sncjw

What do you mean by asking for it. Do you mean a payment plan?

Also with unsecured income it will be difficult to get a card. Do you really want to get in more debt that you will struggle to pay 

MJ7775

Sncjw said:

What do you mean by asking for it. Do you mean a payment plan?

Also with unsecured income it will be difficult to get a card. Do you really want to get in more debt that you will struggle to pay 

Kind off a plan, I wrote to them telling the company I was off work and asked if they could freeze my interst and reduce my payments,

Well no I don't want to get into debt, but if I want to work I have things to pay for which I can refunded for some time later

.

Ebe_Scrooge

MJ7775 said:

Sncjw said:

What do you mean by asking for it. Do you mean a payment plan?

Also with unsecured income it will be difficult to get a card. Do you really want to get in more debt that you will struggle to pay 

Kind off a plan, I wrote to them telling the company I was off work and asked if they could freeze my interst and reduce my payments,

This will be a big red flag to any lender.  I think this, combined with your unreliable income, will mean you'll struggle to get accepted for a new credit card.  You could try one of the sub-prime cards, but you'll still run the risk of getting yourself into debt if you buy stuff on the card and then find you don't have the work/income to pay for it.

molerat

You need to check all the three credit reference agencies and look at each of these accounts.  https://www.moneysavingexpert.com/loans/check-free-credit-report/

Possibly there will be an AP marker against them which could scupper any chance of a mainstream credit card.

JES_F1

MJ7775 said:

I have just started work, temping and working part time but have a few days away with work and a credit card would really be useful especially when having to hire a car.

Can the employer hire the car rather than you having to be out of pocket?  For example, my employer provides a company credit card and we also have an online system for booking train tickets, hotels, etc.

elsien

JES_F1 said:

MJ7775 said:

I have just started work, temping and working part time but have a few days away with work and a credit card would really be useful especially when having to hire a car.

Can the employer hire the car rather than you having to be out of pocket?  For example, my employer provides a company credit card and we also have an online system for booking train tickets, hotels, etc.

If they are a temp and hiring a car to commute to the workplace then that’s not the employers issue. 

eskbanker

elsien said:

JES_F1 said:

MJ7775 said:

I have just started work, temping and working part time but have a few days away with work and a credit card would really be useful especially when having to hire a car.

Can the employer hire the car rather than you having to be out of pocket?  For example, my employer provides a company credit card and we also have an online system for booking train tickets, hotels, etc.

If they are a temp and hiring a car to commute to the workplace then that’s not the employers issue. 

Bolded wording doesn't suggest it's to be used for commuting!