Sub Prime Credit Card Club

hopeless_case_2

hi i have the most horrendous credit file dealing with ccs and 4 months in arrears with mortgage but on payment plan and sticking to it paying £1 off most debts but could pay more now as got another job so more money coming in. I wondered if i would only be eligable for a prepay card as need one for my business so i can pay for stock am quite happy to have a prepay one but wondered is there one that builds a credit history?

ispartacus75

hopeless_case wrote: »

hi i have the most horrendous credit file dealing with ccs and 4 months in arrears with mortgage but on payment plan and sticking to it paying £1 off most debts but could pay more now as got another job so more money coming in. I wondered if i would only be eligable for a prepay card as need one for my business so i can pay for stock am quite happy to have a prepay one but wondered is there one that builds a credit history?

Ordinarily no. However Cashplus have set up a loan. The way it works is you get the Prepay card on a monthly fee basis. You are then lent the money to pay 1 years fees. You pay the loan back over the year and the loan and payments are recorded on you credit report.

Thats if they are still doing it.

kiora

Evening Peeps how is everyone tonight, have now got my son enrolled in the SPC, he is 22 and never had a credit card got him to apply to cap1 and got immediate acceptance dont know what his limit is :j have got him to set up d/d as well to take payment

doelani

fairmorn308 wrote: »

afternoon sammy

my brother got a decline letter from flybe i was shocked.

yes I got decline letter today as well

kiora

Anyone watching Panorama, its about people using loopholes to avoid paying debts.

kpnut79

Evening All,

I applied second time for Flybe and been refused also refused for the Associates card!!!

fairmorn308

what nasties you got on ur record now?

fairmorn308

i have decided now cause i have about £1000 left in my current account well £500 in credit the other £500 is OD. I am going to put that towards a credit card to help reduce the bill.

kpnut79

Hi Fairmourn,

Showing on my equifax file I have 8 accounts showing on there, 1 is inactive - Studio cards! and apparently I have one default from 2007 - Welcome Finance; 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 which were settled in 2006

kpnut79

Fairmourn,

I noticed you are claiming back the PPI from welcome finance, how do I know if they have overcharged me and how do I go about claiming it back??