Credit Crunch Credit Card Declines?

jimbo26

spinningsheep wrote: »

1 is 3 defaults that are SATISFIED from 2007.

That is quite a big and recent negative. I think even the sub prime cards would worry about giving you a card. On the bright side you may as well try Aqua, Vanquis and Cap 1 as a few more checks aren't going to harm your score anymore than it is.

spinningsheep

Really? Even though they're satisfied? I didn't know that. They all drop off at the end of Nov though as they are OLD defaults that were in a payment plan and I settled them in full last year, and as I understand it, its 6 years from the date the defualt notice was issued that they are removed from your credit files, am I right?

Volcane

jimbo26 wrote: »

Bloody hell just had a reply from Egg

7.9% with £3700 limit!

I couldn't even get a bank account last year.

PayPal will definitely go. It goes to show it's worth shopping around. I was content with the 16.9% offered by PayPal (anything was better than the 34.9% with Cap 1)

That's a superb result! :T

jimbo26

spinningsheep wrote: »

as I understand it, its 6 years from the date the defualt notice was issued that they are removed from your credit files, am I right?

Yes you are right, but even settled defaults have a negative effect. I had tow when I was accepted by Capital One. It wasn't an instant acceptance I had to wait a few days.

msaquib

spinningsheep wrote: »

I just applied to Monument online for one of their cards and it declined me on credit score! They use Callcredit so I immediately signed up for my report with them and can see 2 things negative:

1 is 3 defaults that are SATISFIED from 2007.

2 is a late payment on my credit card 3 months ago.

Now for a card that is designed for people with credit histories that require some improvement, this seems a big harsh. Seems their new owners are getting picky!! I called and was basically told "tough titty" and that there is no appeals process.Dont bother with them.

Sorry to hear that - What is the website for manument online?

Thanks
M

jimbo26

http://www.themonumentcard.co.uk/index.html

PROLIANT

I have just applied for the Monument Card and they have accepted me, but hold on something is not ringing true here, the never asked how long I have lived at my address, they never asked for my bank details, they never asked for any of my previous address’s, they say they have approved me but it sounds too good to be true, anyone else tried?

msaquib

Monument are Barclaycard, is it?

The address showing up on monument website is:-
Monument Card Services, PO Box 6476, Northampton NN4 1ZN

But when you search the post code on Royal mail website, it comes up as Barclaycard.
There's not evena phone number to contact them

M

clio

Monument is a registered trading name of CompuCredit UK Limited.
Compucredit UK Limited, services Monument Visa Card accounts which are issued by R. Raphael & Sons PLC

R. Raphael & Sons PLC is the lender which issues the Monument Visa Card. It is a public limited company registered in England and Wales and its registered number is 1288938.
Its registered address is:
Albany Courtyard
47 – 48 Piccadilly
London
W1J OLR

Looks like them above and barclays are joint owners of Monument
http://www.consumeractiongroup.co.uk/forum/show-post/post-1054783.html

PROLIANT

Well I have just checked all three of my credit files and they only search Call Credit! My credit rating with them is perfecto, so I must have got accepted. APR 29.9% , not too bad.