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M&S 0% 24 Months, MSE says 90% Approval, M&S Says 0% Approval
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IAMIAM
Posts: 1,364 Forumite
in Credit cards
Which one do I believe before applying? I am surprised by the 0% approval tbh
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Comments
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MSE is guessing. M&S is not. They don't want you for some reason that MSE doesn't filter for.
Presumably you've looked at your credit history to check there's nothing nasty lurking - CCJs for a missed PCN are the most common culprit in my opinion.
But look to see what else there is - are you registered to vote? Constantly maxing your overdraft? Have lots of other credit - whether you are using it or not? Don't forget the motor insurance paid monthly and phone contract are credit as well.
And supposedly there's a reason for wanting a 0% deal. Maybe they can spot a bad patch that isn't obvious to others??I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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MSE want a referral fee from you applying via their link, they also are not the lender and do not know what the lender's criteria is, they just estimate based on data available via a soft search. If M&S say 0% I wouldn't bother applying, there are other cardsIAMIAM said:Which one do I believe before applying? I am surprised by the 0% approval tbhSam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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I applied, it went to review and to get back to me in 5 days?
It did ask for my mothers maiden name, a credit limit proposal from me and a password, so maybe thats a good sign0 -
The lenders website said 0% chance of success and you applied anyway? They are probably surprised you applied and sent to it for a manual check before rejectionIAMIAM said:I applied, it went to review and to get back to me in 5 days?
It did ask for my mothers maiden name, a credit limit proposal from me and a password, so maybe thats a good sign1 -
Thanks for the positivityth081 said:
The lenders website said 0% chance of success and you applied anyway? They are probably surprised you applied and sent to it for a manual check before rejectionIAMIAM said:I applied, it went to review and to get back to me in 5 days?
It did ask for my mothers maiden name, a credit limit proposal from me and a password, so maybe thats a good sign0 -
You'd of thought with a 0% chance of success if Would have been a straight declined.
I have had applications go to a review and come back excepted before all be it think chances of approval were around 70% and not 0%£2820/£4000 0% 24 months pay £150 HSBC
£2,100/£3000 0% 27 months pay £150 M&S
£3,050/£4000 0% 27 months pay £150 HALI
£2,200/£7250 0% 14 months pay £60 RBS
£990/£2000 28% Zable closed £60
mortgage £22,000/£89,000 2 years left0 -
I got 15 months at 0% instead of 24 months with a limit of 6k which isn't great, so decided to try NatWest and got 0% for 20 months with a 8k limit too. So that'll do for the next couple of years!0
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MSE was 100% for me and 24M 0%.TopCashback and £35 was up to 24M. I applied via that and got 24M.0
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