Sub Prime Credit Card Club

PROLIANT

Good morning everybody, working from home again today, how are you all?

seeya23

Good morning all

snoppydog

Hi, don't know if anyone can help me. I had debts of around 15k but have paid all off now, except two which will be paid off in a few months. (there balances are under 2,000 combined). Does anyone know how long it takes for the companies to report to credit reference agencies and how long I should wait before applying for credit. I want a full bank account as only have basic with natwest, but was refused by barclays four months ago months ago. I have an aqua cc, but am fed up with the high interest rate, although I pay it off in full every month.

I have checked my credit report with Experian and Equifax, and it still shows the balances.

PARIS_5000

It will take about 2-3 months for balances to show as settled on your credit file and if they do not show up after this period of time I would contact the companies to ask them to update your credit file.

Why were you turned down by barcalys bank do you have defaults or CCJS on your credit file.

I think you should try HSBC because I had defaults on my credit file and they gave me a full bank account.

snoppydog

Thanks for your advice.

I have two defaults on my experian credit report, and one satisfied CCJ from two years ago. When I went into Barclays, they did the credit check and only offered me there basic account.

Barclays made me feel like i had some kind of disease after the credit check, and it has made me reluctant to apply for anything. I understand they have to do the check and I know I was stupid for getting into debt but I don't want to be punished forever.

PROLIANT

snoppydog wrote: »

Thanks for your advice.

I have two defaults on my experian credit report, and one satisfied CCJ from two years ago. When I went into Barclays, they did the credit check and only offered me there basic account.

Barclays made me feel like i had some kind of disease after the credit check, and it has made me reluctant to apply for anything. I understand they have to do the check and I know I was stupid for getting into debt but I don't want to be punished forever.

Financial institutions seem to have this attitude that they are superior and above everybody else, it stinks as I have been in your situation and felt that same feeling, now I am in a position to tell the bank to shove it if I don't get what I want.

snoppydog

How long did it take you to get into the position your in now?

I just want to feel like a normal person when I apply for a bank account.

jack290292

Now I have been approved for FlyBe card I am thinking of taking advantage of their 6 month 0% BT. I know there is a 3% fee but would like to transfer my Aqua and Vanquis balances.

Has anyone done a BT with FlyBe and did it all go smoothly? How long does it take for the BT to go from the original CC and show on the new CC?

I know the importance of not spending on it after the transfer.

Sorry for all the questions...first timer with BT.

Any help/advice appreciated;)

PROLIANT

snoppydog wrote: »

How long did it take you to get into the position your in now?

I just want to feel like a normal person when I apply for a bank account.

Well, after the adverse data dropped off my credit files it took me about 3 month to get a basic current account minus any overdraft facility, got a couple of credit cards and then eventually a loan and a full current account with overdraft, all in all about 12-18 month.
How long have you got to go before the bad data is cleared of your credit files?

snoppydog

Unfortuntely about 4 years before CCJ, although it is satisfied. I think about a year before the defaults, although Equifax is not showing the defaults on my report. Think I might see which banks use Equifax and try them.