Sub Prime Credit Card Club

HelenaJ84

Thank you for your quick reply Proliant, I have entered the world of credit with nerves after being bad with money as a youngster, I have stuck with paying cash and basic bank accounts etc previously for years, and feel now I am sensible enough to get back in to the swing of things again after keeping my current account in good order. Would you believe I have never seen my credit report? and have the green 0's on it( I take it thats good ?) but a low score ( 650), after talking to experian they say its because I have avoided credit in later life, but that should change if I stick to my plan, and keep my account in good order
I have already started the plan, buy petrol etc using my card put the cash to the side to pay it off, I'm aiming to use £50 a month and repay in full, is that ok ?
I know its sounds silly but I am nervous again as its a new chapter as I am such a budget freak, & I really did get into trouble when I was 18, and thankfully repaid everything, and never touched credit for years after.

darcyvuqua

PROLIANT wrote: »

Its got nowt to do with her stroking my credit card either!

LOL are you sure mr p i was always told credit card will lead to trouble LOL

fairmorn308

PROLIANT wrote: »

12 Months, but lenders tend to ignore them after 3 - 6 months depending on the lenders criterion.

cheers

just strange as i have 2 car loans / credit card / personall loan and am getting accepted for alot at the moment

MBNA
Ulster bank credit card ( i think i did )
Awaiting on BOS credit card via post
Next
Littlewoods

Also have 2 defaults on my account which in process of getting removed tho and also all the payments for the above have been on time every time

cas-dor

hi the 24studio catalogue i said about.they sent me credit agreement to sign. this for real. do i really have to sign it or just leave it

dragon2121

Hi all,

I would like some informatino about applying for a credit card.

At the moment I've got a Vanquis, Capital One and Barclay card having paid of my egg and HSBC card and closed them. Unfortunately I've got some bills to play out of the blue that I would like to put on a credit card then pay off but not sure if there are any cards I could apply for - my credit rating is shown as good on equifax and satisfactory on experian ( have one default show on experian and fair amount of missed payments in 2004 but all payments made on time since then). I've had 4 recent searches on experian (O2, vodfone, BT and halifax - who rejected me for a cc) and one on equifax. I dont want to make lots of applications so would like views on the most likely card I should apply for?

Many thanks

System

dragon2121 wrote: »

Hi all,

I would like some informatino about applying for a credit card.

At the moment I've got a Vanquis, Capital One and Barclay card having paid of my egg and HSBC card and closed them. Unfortunately I've got some bills to play out of the blue that I would like to put on a credit card then pay off but not sure if there are any cards I could apply for - my credit rating is shown as good on equifax and satisfactory on experian ( have one default show on experian and fair amount of missed payments in 2004 but all payments made on time since then). I've had 4 recent searches on experian (O2, vodfone, BT and halifax - who rejected me for a cc) and one on equifax. I dont want to make lots of applications so would like views on the most likely card I should apply for?

Many thanks

Hi dragon2121

Could you not use any of the cards you already own, or are they all maxed? If they are up to their limits this may be one reason you were rejected for another card by Halifax - they like to see that you are coping with your current commitments.

Also, need to ask the following:

- Is the default on you Experian file shown as satisfied?
- Are you on the electoral roll at the moment?
- When you say searches are recent, how recent?

The missed payments from 2004 shouldn't be having an effect, I have missed payments on my files from that far back and I have no problem getting cards anymore.

Regards
UNDERGROUND

darcyvuqua

haha i have just sent 25 copies of that letter to british gas lets see what happens lol im going to send loads next week too lol

told you they messed with the wrong sub-primer lol

dragon2121

UNDERGROUND wrote: »

Hi dragon2121

Could you not use any of the cards you already own, or are they all maxed? If they are up to their limits this may be one reason you were rejected for another card by Halifax - they like to see that you are coping with your current commitments.

Also, need to ask the following:

- Is the default on you Experian file shown as satisfied?
- Are you on the electoral roll at the moment?
- When you say searches are recent, how recent?

The missed payments from 2004 shouldn't be having an effect, I have missed payments on my files from that far back and I have no problem getting cards anymore.

Regards
UNDERGROUND

Thanks, cards all maxed out.

- Yes it was satisfied for £169 (argos card) it shows 2006 but it was 2003 when the default was issued....only shown on experian not equifax or call credit.
- yes been on electoral roll at current address for 2 years 10 months
- within last 3 months - but aprt from one they are not exactly for 'credit' in the traditional sense are they (Bt phone line, o2 and vodaphone).

If a lender only searched equifax or call credit then I'd probably get something as only one search, not default etc....any ideas??

c8ndice

dragon2121 wrote: »

Thanks, cards all maxed out.

- Yes it was satisfied for £169 (argos card) it shows 2006 but it was 2003 when the default was issued....only shown on experian not equifax or call credit.
- yes been on electoral roll at current address for 2 years 10 months
- within last 3 months - but aprt from one they are not exactly for 'credit' in the traditional sense are they (Bt phone line, o2 and vodaphone).

If a lender only searched equifax or call credit then I'd probably get something as only one search, not default etc....any ideas??

Apply for one of the cards issued by Sygma Bank (Creation Finance)

They only search equifax.

I have 3 cards by them now (JJB All Saints & Flybe Card) My experian report had defaults when I applied that have since been removed, yet equifax had none.

The Flybe card also offers 0% on balance transfers where as the other two don't.

Hope this helps.

dragon2121

c8ndice wrote: »

Apply for one of the cards issued by Sygma Bank (Creation Finance)

They only search equifax.

I have 3 cards by them now (JJB All Saints & Flybe Card) My experian report had defaults when I applied that have since been removed, yet equifax had none.

The Flybe card also offers 0% on balance transfers where as the other two don't.

Hope this helps.

Thanks, this is helpful. What about Monument or MBNA are they subprime cards too??