Post Office (Capital One)

jmb1

Applied for above, 0% for 18 months. MSE eligibility and their soft check said 100% chance of acceptance subject to security checks...

Completed the application and to the 'do you want to transfer a balance?' applied for a BT of 3k and got immediate "It's a Yes! Click to continue..." After some time it then said they need to link to my online bank account, to check my salary (presumably to check that it is actually what I stated, which it is when combining my two PT jobs). After successfully linking via openbanking it said it wil take 7 to 10 days before I hear from them.

Any idea generally what chances are from here? Is it a formality, or are they doing deeper affordability checks and could go either way? I did just prior to this application get a decline straight off the bat from Tesco - will they see and use that as an issue/decline?

WillPS

They'll be looking for assurance that your details are as you've stated (income) and that there's no indication of anything problematic (gambling). If all is well, you've nothing to worry about.

They won't see that Tesco declined you, but they may be able to see that they've searched you.

Brie

Looking at your credit record (not score).  To see if you have too much available credit even if you're not using it.  

I don't know how it works these days - I expect there's automation involved rather than someone actually looking at your records.  If they think you're ok they might grant you credit but maybe not as much as you have applied for and maybe not as long an offer as you hoped for.  But it all helps.

Nasqueron

Brie said:

Looking at your credit record (not score).  To see if you have too much available credit even if you're not using it.  

I don't know how it works these days - I expect there's automation involved rather than someone actually looking at your records.  If they think you're ok they might grant you credit but maybe not as much as you have applied for and maybe not as long an offer as you hoped for.  But it all helps.

Credit available on a well managed credit file is not really a big issue in my own experience - I have 6 years of green ticks, main cards paid in full every month, BT cards paid monthly over the minimum and closing down, yet I have in theory £7k empty on a card, around £7k on a part used BT card, typically use about 1/10 a month of the main card etc, just got a £5k 26 month BT card