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  • FIRST POST
    never-in-doubt
    The Sub Prime Credit Thread - Part V
    • #1
    • 27th Jun 10, 7:48 AM
    The Sub Prime Credit Thread - Part V 27th Jun 10 at 7:48 AM
    The Sub Prime Credit Thread - Part V

    Welcome to the 5th edition of the fantastic Sub Prime Credit Thread, originally created by Proliant and followed up by CifPower. This thread contains all previous versions of the threads and all the Sub Prime deals available right now!

    Sub Prime does not mean that it is not as good, it simply means that if your credit is far from perfect, you may be accepted by one of the companies below as their credit scoring model is designed to accommodate higher risk, whereas mainstream lenders' score a lot harsher meaning you're more likely to be refused.

    Last Updated: 27 June 2010


    Previous Threads.....

    Last edited by never-in-doubt; 28-08-2010 at 12:39 PM.
Page 1
  • never-in-doubt
    • #2
    • 27th Jun 10, 8:03 AM
    • #2
    • 27th Jun 10, 8:03 AM
    Hope you enjoy the new thread as much as the other 4!

    Lets now try and get it filled with gossip and success stories of people moving from sub prime to prime
  • BugsyBrowne
    • #3
    • 27th Jun 10, 8:37 AM
    • #3
    • 27th Jun 10, 8:37 AM
    Cheers nid for the updated sub-prime thread..
    Done the barclays let me choose pre-application check yesterday,and it came up with the barclays platinum card for me with 70%-80% application success,just wondered how accurate or not accurate this is..
  • never-in-doubt
    • #4
    • 27th Jun 10, 8:51 AM
    • #4
    • 27th Jun 10, 8:51 AM
    Cheers nid for the updated sub-prime thread..
    Done the barclays let me choose pre-application check yesterday,and it came up with the barclays platinum card for me with 70%-80% application success,just wondered how accurate or not accurate this is..
    Originally posted by star-fire
    Morning mate

    Its extremely inaccurate! Apply and see LOL

    They have done an Equifax soft search (with the pre-app checker) so may as well let them do a full search...

    Let us know how you get on
    • kilasuit
    • By kilasuit 27th Jun 10, 9:01 AM
    • 651 Posts
    • 705 Thanks
    kilasuit
    • #5
    • 27th Jun 10, 9:01 AM
    • #5
    • 27th Jun 10, 9:01 AM
    Now only to get tesco to over turn their decline.

    3month Bank Statements and also 1 month Credit Card Statement.

    Oh and cheers N-I-D for the appeal template.
    £12000 to go
    Sealed pot = £5.84

  • never-in-doubt
    • #6
    • 27th Jun 10, 9:11 AM
    • #6
    • 27th Jun 10, 9:11 AM
    Now only to get tesco to over turn their decline.

    3month Bank Statements and also 1 month Credit Card Statement.

    Oh and cheers N-I-D for the appeal template.
    Originally posted by kilasuit
    Best of luck matey - you'll need it with those beggars at Tesco! Fingers crossed.....
  • BugsyBrowne
    • #7
    • 27th Jun 10, 9:22 AM
    • #7
    • 27th Jun 10, 9:22 AM
    Morning mate

    Its extremely inaccurate! Apply and see LOL

    They have done an Equifax soft search (with the pre-app checker) so may as well let them do a full search...

    Let us know how you get on
    Originally posted by never-in-doubt
    I am not going to apply just wanted to know how accurate it is and what cards they would advise me on..
    I think i have done well have not applied for anything since april 19th,so think i will wait until october for my 6 months without any searches b4 i apply,i have a balance transfer card but really pretty soon i would like to get rid of my cap 1 and flybe and hopefully try and get hold of a decent purchase card..
  • Innocent_Guy
    • #8
    • 27th Jun 10, 10:08 AM
    • #8
    • 27th Jun 10, 10:08 AM
    Love the new thread!
    Bank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
    Credit Cards - [B]Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
    6 credit accounts closed in 2010!

    Official SOS Club number 001 - Dry until 01.07.10
    • ElkyElky
    • By ElkyElky 27th Jun 10, 10:35 AM
    • 2,422 Posts
    • 2,739 Thanks
    ElkyElky
    • #9
    • 27th Jun 10, 10:35 AM
    • #9
    • 27th Jun 10, 10:35 AM
    Love the new thread!
    Originally posted by Innocent_Guy
    It's like moving home.
    We’ve had to remove your signature. Please check the Forum Rules if you’re unsure why it’s been removed and, if still unsure, email forumteam@moneysavingexpert.com
  • never-in-doubt
    Have a mooch here you guys, what do you think?

    Sygma Bank Credit Cards
  • DizzleUK
    Have a mooch here you guys, what do you think?

    Sygma Bank Credit Cards
    Originally posted by never-in-doubt
    Tis good info there.
    Hopefully 2011 will be the year I can re-enter the Prime market and Sygma will be my first port of call (if I can't get a Sygma then I won't get anything else considered prime!)

    Come the end of January 2011 I will be 12 months without a late payment marker and there will be no defaults or CCJs on my files and there will be no more searches this year and I have only made 4 in the last 6 months. I will also have been living at this address for a full year (after living at my previous address for 6 years) and am already on the electoral role.

    Can't ask for more than that!
    Remember this: nothing worth doing is easy.

  • BugsyBrowne
    Tis good info there.
    Hopefully 2011 will be the year I can re-enter the Prime market and Sygma will be my first port of call (if I can't get a Sygma then I won't get anything else considered prime!)

    Come the end of January 2011 I will be 12 months without a late payment marker and there will be no defaults or CCJs on my files and there will be no more searches this year and I have only made 4 in the last 6 months. I will also have been living at this address for a full year (after living at my previous address for 6 years) and am already on the electoral role.

    Can't ask for more than that!
    Originally posted by DizzleUK
    Hopefully then in january when your file is all good,by the looks of your signature below i would get rid of everything you have on there..
  • tea690
    hi all finally after 15 odd years managed to get a credit card with vanquis and cap 1....only smal limits so far but im climbing back up the ladder again
  • DizzleUK
    Hopefully then in january when your file is all good,by the looks of your signature below i would get rid of everything you have on there..
    Originally posted by star-fire
    Agreed. The Very account saw me through Christmas and I'm paying that down, never to be used again and I don't plan on having more than 2 credit cards at a time, so Vanquis and Cap One will be replaced with more attractive cards over the next year or two. I just want Vanquis to up my limit to help improve my record further.

    I have less than £1000 credit available to me and £200 of that is the overdraft on the joint account. My partner has around £4000 credit available (£2k on Studio, £1500 on Vanquis, £200 on Cap 1 plus the overdraft). All concerned keep throwing money at him, but I'm still on my original limits for all mine. And his credit file shows British Gas at 5 months behind as the bill was in his name at the old address, we're on a repayment plan now, but strictly speaking, his credit file is worse than mine now. He earns £12k, I earn £13.6k.

    Funny how it all works.

    At least our bank accounts are Prime accounts.
    Remember this: nothing worth doing is easy.

  • Zack1
    Do all finance agreements (buy now pay June 2011 etc) have a initial charge? Dell want to charge me £49 to start with then £10 when I pay it all off too... that adds quite a bit to their already overpriced laptops! If they don't all add loads on top which ones don't? I need a new laptop, getting a more expensive one on free credit would be nice but I can't afford to do any "spread over 18 months" or anything where they charge a higher rate than my credit card would! I guess thats the catch to all the buy now pay later "deals" though, they rip you off by chucking fees on top that a lot of people won't notice.... and still get away with saying it's 0%, because technically it is

    That Silver mastercard on the Sygma thread looks well nice! With their double credit check I won't be getting one any time soon though!
    • Gillianh2
    • By Gillianh2 27th Jun 10, 3:24 PM
    • 691 Posts
    • 1,077 Thanks
    Gillianh2
    OOOOooooooooh a shiny new home. Welsh Cakes in the Gazebo anyone lol
    Thanks NID for all the info and help starting the slow climb up and I am miss impatient. LOl
    I have a persecution complex. Everytime I pass a shoe shop they persecute me till I buy them
    • kilasuit
    • By kilasuit 27th Jun 10, 4:15 PM
    • 651 Posts
    • 705 Thanks
    kilasuit
    Just applied for Sainsburys CC and got the message "Thank you your application is being processed.

    Betting its either a yes and min limit or a no.

    Anyone got any experience with them?
    £12000 to go
    Sealed pot = £5.84

    • Bosie
    • By Bosie 27th Jun 10, 5:09 PM
    • 1,225 Posts
    • 553 Thanks
    Bosie
    Yeah, as I said in last threat part 4 it is my fav thread
    • Bosie
    • By Bosie 27th Jun 10, 5:11 PM
    • 1,225 Posts
    • 553 Thanks
    Bosie
    Can I just ask with me only using roughly 9% of my available credit, in an odd way can that work against me,ie having too much credit left?
  • izools
    Can I just ask with me only using roughly 9% of my available credit, in an odd way can that work against me,ie having too much credit left?
    Originally posted by Bosie
    It depends on what all your credit limits added up are in relation to your income. If your total credit limits add up to say £5,000 and you're on a £10,000 salary then that's v. bad.

    If of course your total credit limits add up to say £2,500 and you're on a £20,000 salary that's very good, especially if you're only using 9% of it!

    Well done
    Cashback Earned ¦ Nectar Points £68 ¦ Natoinwide Select £62 ¦ Aqua Reward £100 ¦ Amex Platinum £48
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