Sub Prime Credit Card Club

xgingerx

Hi Nice one on your new card but bewarned I had a virgin card for 2 years and had to fight like hell to keep the 15.9% rate, they are !!!!!!s for putting up apr with no notice and Id hate for you to run up a few grand and then they wak interest to 30+ %, if you search this site u will see loads of cases like this

Mbat2

Trust me,I have no intention on using the full limit ever. I have paid enough interest to Vanquis...But is just nice to know that I am getting back up there...If only my bank was as understanding...lol

Sammy_Girl

kpnut79 wrote: »

Afternoon all,

I have just viewed my free Equifax report as I have a Cap 1 card and think I could have come across an aid to my problem...

I have 8 accounts showing on there, 1 is inactive - Studio cards! and apparently I have one default from 2007 - Welcome Finance; however my problem is I pay welcome finance by DD every week but they haven't updated my account since July 07 either. 2 are upto date - Littlewoods and Cap 1 and the rest are settled! I am showing as having 13 searches in the past 6 months and 2 settled CCJ's

So am I in my rights to contact them and ask them to update my Equifax report...and do you think this would help my credit rating??

Thankyou for all your help and advice xxxxxx

Hi Kpnut,

RE the Welcome Finance account - once you've defaulted on an agreement then it won't be updated until it is settled (whether you pay it off in full or give a full and final settlement). Unfortunately once it's marked as defaulted even though you're still making payments it will show as defaulted until it's settled. This is what I learnt as I had the same thing with an HSBC account.

If you no longer use the Studio account then cancel it.

What are the settled dates of your CCJs?

It is scary when you read your credit report for the first time - but you just have to remember that it won't get any worse and that it will improve over time.

Sammy_Girl

Mbat2 wrote: »

Very!! lol (4k)

Congratulations :j

I got my pin number for my Amex today, so I take it I've been accepted Dunno the limit though

PROLIANT

Evening people, wherez wor darcy boy?

steelhorse

if you can get a card the interest rate will kill you..some of them ave jump up to 27%

PROLIANT

steelhorse wrote: »

if you can get a card the interest rate will kill you..some of them ave jump up to 27%

Straight up? I have three, Monument @ 26.9%, Capital One @ 30% and Vanquis @ 34%, don't worry, some cards charge up to 59.9% :eek:
So, hello and welcome to MSE and the Sub Prime Credit thread, so tell us, whats your story?

athensgeorgia

after never having an overdraft i opened my halifax ultimate reward acc last september with a £300 intererst free od was v. pleased a few months later clicking around online banking it said i could have a guaranteed od of 2.5k i was obsmacked and accepted it then a few months ago my guaranteed od was dropped down to 1.5k i thought when my od was reviewed it'd go down to 1.5k just been clicking again and my guaranteed od has gone back up again but to 2.8k do you think i should accept it? it means my od review won't happen again for another year i'm thinkin its worth accepting just for that reason iyswim.

oh and evening everyone btw :j
just checked i opened in october not september

sscott5581

athensgeorgia wrote: »

after never having an overdraft i opened my halifax ultimate reward acc last september with a £300 intererst free od was v. pleased a few months later clicking around online banking it said i could have a guaranteed od of 2.5k i was obsmacked and accepted it then a few months ago my guaranteed od was dropped down to 1.5k i thought when my od was reviewed it'd go down to 1.5k just been clicking again and my guaranteed od has gone back up again but to 2.8k do you think i should accept it? it means my od review won't happen again for another year i'm thinkin its worth accepting just for that reason iyswim.

oh and evening everyone btw :j

Hi there

I have the same account as you and have £100 overdraft and no guaranteed overdraft, how long after account opening did you have a guaranteed limit.

Many thanks

haraltremorian

Little update:

Still awaiting to hear from Cap One on removing a default and reactivating account. 3 weeks and no answer...If nothing soon I'm gonna reclaim my charges.

Just got refused AMEX. Need to stop applying. So many success stories on here :0