Vanquis Card Update

CTT_2

Niteflyer wrote:

The Vanquis card IS good for a LOT of people. Even if the APR is 69%, it doesn't matter as most people get the card to pay pff in full every month and build their credit.

If Vanquis send you an invite to apply, it doesn't mean that the ythink you have bad credit so there is no reason to feel upset or bemused, they have absolutely NO IDEA what your credit is like until you apply and they do a credit check.

They just send out random invites, that's all and if 40 people apply for every 1000 invited they send out (4%) then they are getting a pretty good return

So you;re saying that they blanket market and are relying on luck that out of the thousands or millions they send their applications to some one may be interested. IMHO I don;t think so. After all I cant imagine them targeting the well off areas of North London.
The only thing I can think of is I have a council estate about 1.5 miles from my house and that may be the area they were trying to interest.
Though of course there is no reason to think anyone living in local athority housing would need the card any less or anymore than in private accommodation.
I am going to give them a call and find out if they just target certain areas.

CTT_2

Ok have just phoned Vanquis and there customer service were very helpful and have stopped any further applications being sent to me. I enquired why I was targeted and she explained they get lists from Experien or if I have had dealings with their company before they would use that route. However the only thing I can think of I went on to Providents (owners of this card) website earlier this year just to check it out and must have had to register to perform a particular task.

Niteflyer

CTT wrote:

Ok have just phoned Vanquis and there customer service were very helpful and have stopped any further applications being sent to me. I enquired why I was targeted and she explained they get lists from Experien or if I have had dealings with their company before they would use that route. However the only thing I can think of I went on to Providents (owners of this card) website earlier this year just to check it out and must have had to register to perform a particular task.

Well now, that is VERY strange, when I called them and asked them (about a month ago, they told me what I told you and that they have no "targeted" audience. Hmmmmmmmmm.

Thing is, they can't do a credit check without your say so BUT they can get your info from third parties, i.e/ anyone that you have applied fo rcredit to before and opted to have your details shared

Matt

CTT_2

is, they can't do a credit check without your say so BUT they can get your info from third parties, i.e/ anyone that you have applied fo rcredit to before and opted to have your details shared

Matt[/QUOTE]

I did mention to them that they could not do a cc without my permission and she just repeated they buy lists from Experien. The lists they buy probably fit the profile of the would be customers they hope to attract. However there was an article on Money Mail regarding this well heeled lady who could not understand why she was targeted. I suppose we all have choice and we can all say no. It may the reason why so many people have got into financial difficulties by not saying no.
At least we know Vanquis use Experien.

Niteflyer

The thing is, people complain all the time about receiving these mailsots!

But at the end of the day Vanquis are a business and they need to attract customers just like any other business and as they are not yet a mainstream CC company, they need to send out invites to attract thos customers, because if it wasn't for places like MSE a lot of people wouldn't know they exist.

ukric

Please don't flame me but...

I used to work for a direct marketing company who supplied such lists as a broker.

What Provident most likley use is called profile data. and costs between 40 and 90 quid per thousand records depending on where u buy it from.

It's all done on % . So if they want an area that has more low income people than high thats what they'll get. But within that there will be people who have perfect credit and a high income. But because it's bought as it is they dont filter these out so there will always be those people in there.

All sourced originally from the electoral role and then tinkered with until it's a marketable list.

DesG

I am beginning to think that experian are selling lists of people that have maxxed out credit cards, which would include stoozers, as it looks like they don't have much available credit Or maybe those with defaults on their file etc.

Now I am sitting here wondering if experian are allowed to sell information on peoples credit history/financial position without their permission, surely this would be a breach of the Data Protection Act?

Anyone any ideas.

Cheers, Des.

Fedz

Their is a high chance that either credit card companies and or credit reference agencies are giving Vanquis customer details. The reason/evidence: is I got my application form not long after being rejected for a credit card. I've never got one in the several years previous from Vanquis because I never applied for any credit - also someone I know got rejected for a credit card (not connected) and soon after they got a Vanquis application form but, Vanquis rejected his application but, accepted me!

So I think they are targetting more than random unsolicited mailing, so to speak.

ukric

If anyone wants to try anything for a laugh, phone provident financials offices, not the customer lines and introduce yourself as being from a list broker company and ask to speak to the person in charge of procuring data lists for direct marketing purposes.

To answer your question, as to whether they're buying lists if u get a name or put through to someone then yes that are.

CTT_2

ukric wrote:

If anyone wants to try anything for a laugh, phone provident financials offices, not the customer lines and introduce yourself as being from a list broker company and ask to speak to the person in charge of procuring data lists for direct marketing purposes.

To answer your question, as to whether they're buying lists if u get a name or put through to someone then yes that are.

Thanks for advice and I am up for the challenge!