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  • FIRST POST
    • cmozz10
    • By cmozz10 14th May 18, 9:38 AM
    • 4Posts
    • 0Thanks
    cmozz10
    Virgin 0% Credit Card - Declined after 100% pre-approval?
    • #1
    • 14th May 18, 9:38 AM
    Virgin 0% Credit Card - Declined after 100% pre-approval? 14th May 18 at 9:38 AM
    Hello,

    Wondering if anyone else has had an issue with the Virgin 0% Credit Card offer - I had 10/10 chance of approval on money supermarket.

    Any idea what has gone on here?

    My credit rating hasn't changed since the initial application and receiving a disapproval and clearscore sent me a report this morning stating it had actually improved.

    I find this incredibly misleading, is this an issue with the way moneysupermarket pre-approves or something to do with Virgin?

    And I presume this will be marked on my credit score as having been declined...

    Any advice greatly appreciated.
Page 1
    • bengalknights
    • By bengalknights 14th May 18, 9:40 AM
    • 4,377 Posts
    • 1,612 Thanks
    bengalknights
    • #2
    • 14th May 18, 9:40 AM
    • #2
    • 14th May 18, 9:40 AM
    Unfortunatly a pre approval is not a guarantee you may not meet the VM internal criteria
    • Gary_Dexter
    • By Gary_Dexter 14th May 18, 9:41 AM
    • 1,462 Posts
    • 837 Thanks
    Gary_Dexter
    • #3
    • 14th May 18, 9:41 AM
    • #3
    • 14th May 18, 9:41 AM
    Pre-approvals are not guaranteed.

    There will be no mark on your made up credit score or rating, but there will be a hard search, one of which will have minimum impact.

    Pre-approvals are based on soft searches like identity checks, then when you proceed with a full application hard searches are carried
    • cmozz10
    • By cmozz10 14th May 18, 9:45 AM
    • 4 Posts
    • 0 Thanks
    cmozz10
    • #4
    • 14th May 18, 9:45 AM
    • #4
    • 14th May 18, 9:45 AM
    Ah okay thanks - definitely think this should be explained when going through the pre-approval process by moneysupermarket, but maybe I missed it.

    Would there be any risk associated with now applying for other cards with a 10/10 or 9.5/10 rating? Not in dire need of credit, and am now cautious of a second hard search being carried out without any approval.

    Thanks for the responses.
    • Gary_Dexter
    • By Gary_Dexter 14th May 18, 9:57 AM
    • 1,462 Posts
    • 837 Thanks
    Gary_Dexter
    • #5
    • 14th May 18, 9:57 AM
    • #5
    • 14th May 18, 9:57 AM
    It will say it in the small print - in fact it was also discussed here:

    https://forums.moneysavingexpert.com/showthread.php?t=5841014&highlight=virgin

    You could maybe try one or 2 more applications but then leave it for a few months.

    Just make sure all your details you are entering are correct so they match up with your credit files.
    • Candyapple
    • By Candyapple 14th May 18, 2:01 PM
    • 2,931 Posts
    • 2,275 Thanks
    Candyapple
    • #6
    • 14th May 18, 2:01 PM
    • #6
    • 14th May 18, 2:01 PM
    I wonder if there is a problem with MSE / Moneysupermarket's eligibility checker?

    Virgin have their own eligibility checker on their website.

    OP have you tried using the checker directly on Virgin's site to see if the results differ?
    I'm a Board Guide on the Credit Cards, Loans, Credit Files & Ratings boards. I'm a volunteer to help the boards run smoothly, and I can move and merge threads there. Any views are mine and not the official line of moneysavingexpert.com
    • newuser86
    • By newuser86 14th May 18, 4:32 PM
    • 248 Posts
    • 66 Thanks
    newuser86
    • #7
    • 14th May 18, 4:32 PM
    • #7
    • 14th May 18, 4:32 PM
    There were a lot of issues with this card when it came out last month with people with perfect credit history getting declined. A quick call to virgin apparently rectified it
    • foxy-stoat
    • By foxy-stoat 15th May 18, 5:20 PM
    • 2,186 Posts
    • 1,186 Thanks
    foxy-stoat
    • #8
    • 15th May 18, 5:20 PM
    • #8
    • 15th May 18, 5:20 PM
    As Moneysupermarket do not issue Virgin credit cards, I would of thought that any results given should be taken as an indication only.
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