Sub Prime Credit Card Club

PROLIANT

Morning Darcy, here is my draft of a letter that you could use, hope it is enough anybody has any suggestions please feel free to post.

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Appeals Department
Capital One
Address
Town
City
Post Code


Date

Dear Sir or Madam,

I am writing this letter to appeal against a recent decision to reject me for the Classic Visa credit card that I had applied for, I will be as brief as I can in describing my situation to you.
I have recently been unfortunate to have suffered the loss of my partner and consequently fell in arrears with some of my creditors resulting in a CCJ and defaulted account, I have been taking positive action against these issues and as a result have now paid in full the monies owed to the companies concerned, therefore it is now my mission to recover my credit rating and hence applied for one of your products on recommendation from friends who were in similar situations financially. I would like to ask you to please reconsider my application and take in to account the enclosed evidence that I have satisfied my CCJ and defaulted account and would be ever so grateful if capital One could help me get back my credit rating, I class my self as responsible person financially and I am not looking for huge amounts of credit, I just want the opportunity to prove to Banks/lenders that I am a responsible person and can manage my finances properly.
Thank you for taking your time to read this letter and I would hope that I could become a customer of capital one very soon.

Kind Regards

Signed

Your name.

darcyvuqua

mr p you are 'THE MAN'

PROLIANT

ICan'tStandIt wrote: »

I agree that everyone deserves a second chance, but you're deluded if you think that lenders such as those you mention are just out to help people get back to "normality".

Do you know what they refer to their customers as ? High risk.

Maybe you should have called your thread the "High Risk Customer Club" instead ?

They call their customers "high risk" because that's exactly what they are and they're out to make money out of you. It's not an APR of around 30% for nothing.

Fair comment, but the sub prime/high risk lenders are helping people who otherwise would not get accepted for a credit card.

ICan'tStandIt

PROLIANT wrote: »

Fair comment, but the sub prime/high risk lenders are helping people who otherwise would not get accepted for a credit card.

In many cases, so they can max it out again and be in an even worse position.

PROLIANT

ICan'tStandIt wrote: »

In many cases, so they can max it out again and be in an even worse position.

If that is the type of person that they are then there is no hope, but most people have been unfortunate and just want to start again.

ICan'tStandIt

PROLIANT wrote: »

If that is the type of person that they are then there is no hope, but most people have been unfortunate and just want to start again.

Plenty manage to get credit they shouldn't and it's a shame lenders aren't tougher on those who default.

People are allowed to just get away with it.

darcyvuqua

as you can see (my signature) and as mr p knows i went through a bad patch a few years back through no fault of my own i have paid off the debt and i cant get jack 27 and i feel like a school boy i dont think this is fair as i dont usually operate this way so for me these guys would be awesome if they were to give me a line of credit to improve for my future

PROLIANT

ICan'tStandIt wrote: »

Plenty manage to get credit they shouldn't and it's a shame lenders aren't tougher on those who default.

People are allowed to just get away with it.

That is judgmental without knowing the facts, that is why Capital One etc judge every application individually, they can tell who will pay and who will not, if you have a track record of constantly bumping people then I am sure they will find out, but if you got into difficulty a few times in the past then they may give you a second chance.

ICan'tStandIt

PROLIANT wrote: »

That is judgmental without knowing the facts, that is why Capital One etc judge every application individually, they can tell who will pay and who will not, if you have a track record of constantly bumping people then I am sure they will find out, but if you got into difficulty a few times in the past then they may give you a second chance.

I doubt that very much.

I don't think they check things out very much at all. Someone else on here said they lied about the length of time at a previous address to increase their chances of getting a card and it worked.

I don't think the systems used by lenders are as sophisticated as you think.

craigp_2

I have just recieved my acceptance letter from aqua this morning woohoo :dance:

heres to the rebuilding of my credit for the future