No Rhyme or reason

edited 30 November -1 at 1:00AM in Budgeting & Bank Accounts
6 replies 831 views
ryantcbryantcb Forumite
273 Posts
edited 30 November -1 at 1:00AM in Budgeting & Bank Accounts
Ok Just thought id post this as its seems quite weird to me.

I applied for online a CC with my bank. Declined.
I call bank to ask why? and was told "No idea as my account says I have already been pre approved for a CC, and that I could also extend my overdraft and take an extra £4000 on my loan" I said no thanks as I didnt really need the card I just wanted to use it to replace a vanquis. A week passed and I decided I would take that CC after all. So called my bank back to apply for it over the phone. Declined! Bank says "must be something on my credit file as it is all ok their end and it even gives me an approved credit limit of £3000"
I thought I had a fairly decent credit file never missed payments and on the electoral role etc.
So I sign up to credit expert and pay the £7.99.
I call bank back (about 5 hours after my last refusal for a CC) to apply for another current account to help me budget money around for my bills. Application a success....."Oh and it has also accepted you for the Credit Card"
Me "really how cos 5 hours ago I was declined?"
Bank "Maybe your details have been updated"

All that changed in those 5 hours was the fact i paid experian through creditexpert.com (whom my bank uses) £7.99

Coincidence?
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Replies

  • NothanksNothanks Forumite
    160 Posts
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    Hmmm. Is it possible you had some kind of "no-borrowing" marker on your account, someone i know had one as the account was previously a youth account and it was never removed. 5 hours might be enough time for the bank to notice and remove it, which would explain the sudden acceptance and the automatic declining despite the bank pre-assessing you for lending.

    I must admit though, this doesn't seem too likely. It kind-of fits the facts, but relies on a lot of 'ifs' and people not noticing something was amiss.
    Union official.
    CiPD qualified.

    Anything I post is solely MY OPINION. It never constitutes legal, financial or collective bargaining advice. I may tell you based on information given how I might approach an employment dispute case, but you should always seek advice from your own Union representative. If you don't have one, get one!
  • If it was no borrowing, why would they approve the loan and overdraft? Also it was the experian report that had me refused nothing to do with my bank account.
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  • mayling03mayling03 Forumite
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    Very weird, never heard of it lol
  • NothanksNothanks Forumite
    160 Posts
    Ninth Anniversary 100 Posts Combo Breaker
    Maybe it doesn't even kind-of fit the facts then!

    Odd indeed.
    Union official.
    CiPD qualified.

    Anything I post is solely MY OPINION. It never constitutes legal, financial or collective bargaining advice. I may tell you based on information given how I might approach an employment dispute case, but you should always seek advice from your own Union representative. If you don't have one, get one!
  • jen245jen245 Forumite
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    Its not Halifax by any chance is it? There have been previous reports of people applying for credit cards, being declined, and then finding out they have been pre-approved for cc, and the offer has appeared on online banking. See this thread http://forums.moneysavingexpert.com/showthread.php?t=2860052&highlight=halifax+declined
    Debt free and staying that way! :beer:
  • It was Co-operative
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