cc dont understand

maka_2

I for the life of me cant get a cc and don't know why

I have a cap one cc £200 limit balance of £175 problem is the 29.9% apr

i have a car for 12 months which ive never missed a payment
i have a mortgage for 18 months never missed a payment
2 mobile phone contracts for 5yrs never missed a paymeny

i have 1 ccj fully paid off 2/3 yrs ago
all i want is a cc with a normal apr but cant get one i have tried mbna with no luck this evening

any ideas?

MissEyre

Don't CCJs stay on your credit record for 6 years after they have been satisfied? That could explain it...also are you on the electoral roll? That seems to make a big difference, also having a landline number rather than a mobile phone number, for some reason.

YorkshireBoy

MissEyre wrote: »

...also having a landline number rather than a mobile phone number, for some reason.

The reason is 'stability'. It shows you've put down roots.

Zebedee69

CCJ's stay on for 6 years. This is prob you biggest problem....

Cap1 Card is a known sub prime card also with a £200 limit stands out as dodgy. Alot of lenders will notice this...

How many past searches have you made say in the last 6 months?

I think you have a steep hill to climb to get a decent apr.......)-:

maka_2

i belive they do the ccj do stay on there for 6 yrs however i have been told after 12 months they are not really looked at.

im on the electrol roll have been since i moved in also i always use my land line number never give out my mob number get to many sales calls

maka_2

Zebedee69 wrote: »

CCJ's stay on for 6 years.

Cap1 Card is a known sub prime card also with a £200 limit stands out as dodgy.

How many past searches have you made say in the last 6 months?

I think you have a steep hill to climb to get a decent apr.......)-:

no searches in the last 6 months
is it woth getting rid of cap1 card then?

YorkshireBoy

Zebedee69 wrote: »

Cap1 Card is a known sub prime card also with a £200 limit stands out as dodgy. Alot of lenders will notice this...

Whilst a new lender will see a £200 credit limit from the search, they will not see the lenders name attributed to that card.

YorkshireBoy

maka wrote: »

is it woth getting rid of cap1 card then?

No, since that will work to help to re-establish your credit rating so that once your CCJ drops off (or sooner if you want to try an application after, say, 3 years) you will have a better chance of acceptance for a 'mainstream' card.

BTW, why on earth are you carrying such a low interest charging balance on a 29.9% APR card. Get rid of it! This card can be used to improve your credit rating by spending as little as £5 per month on it...provided you make a payment on time each month.

MissEyre

YorkshireBoy wrote: »

The reason is 'stability'. It shows you've put down roots.

Ah, thanks-I thought it was, but got turned down for a Barclaycard a few months back as I didn't have a landline, so the application was refused as 'paperwork incomplete'-seemed a bit odd as I had a mortgage on the flat, which I would have thought showed more stability than a phone line :rotfl:

YorkshireBoy

MissEyre wrote: »

Ah, thanks-I thought it was, but got turned down for a Barclaycard a few months back as I didn't have a landline, so the application was refused as 'paperwork incomplete'-seemed a bit odd as I had a mortgage on the flat, which I would have thought showed more stability than a phone line :rotfl:

All these stability factors (landline, mortgage/own home, time in job, time at address, time with bank, married, children) go into the credit score mix. You may have been borderline, and the lack of a landline swung it the wrong way for you.

MissEyre

YorkshireBoy wrote: »

All these stability factors (landline, mortgage/own home, time in job, time at address, time with bank, married, children) go into the credit score mix. You may have been borderline, and the lack of a landline swung it the wrong way for you.

Thanks, I will bear it in mind if I think I can ever trust myself with a credit card again!