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when do better offers start coming?
Andybez38
Posts: 1,773 Forumite
in Credit cards
Having had a default drop off my (TransUnion) credit file. Experian & equifax get updated in a few days time.
It will leave no defaults recorded over the last 6 years. I have no missed payments, 4 credit cards with credit limits from £900-£6000.
I have seen a slow improvement after checking my credit reports with improved scores.
When i am checking eligibility for credit cards. I am still only getting offers come up with adverse credit cards with Apr of 29.9 plus.
How soon would i expect to see more mainstream credit card offers.
It will leave no defaults recorded over the last 6 years. I have no missed payments, 4 credit cards with credit limits from £900-£6000.
I have seen a slow improvement after checking my credit reports with improved scores.
When i am checking eligibility for credit cards. I am still only getting offers come up with adverse credit cards with Apr of 29.9 plus.
How soon would i expect to see more mainstream credit card offers.
I came into this world with nothing and I'm gonna leave with nothing.
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Comments
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You need to start somewhere, take a sub-prime card, put your shopping /petrol on it, pay it in full each month and you will start to build up a credit history.
Took me 7 months from having a sub-prime CC to getting one from my own bank; I've a CCJ and historic defaults.
Have you tried your own bank?Mortgage started 2020, aiming to clear 31/12/2029.0 -
Lenders do not use your score. They don't see it either. All you require is to have credit file full of positive data. Wait until all your three files are clean of negative data before trying for a mainstream card...Having had a default drop off my (TransUnion) credit file. Experian & equifax get updated in a few days time.
It will leave no defaults recorded over the last 6 years. I have no missed payments, 4 credit cards with credit limits from £900-£6000.
I have seen a slow improvement after checking my credit reports with improved scores.
When i am checking eligibility for credit cards. I am still only getting offers come up with adverse credit cards with Apr of 29.9 plus.
How soon would i expect to see more mainstream credit card offers.
How much total available limit of £6,000 is currently reported as being used?I work within the voluntary sector, supporting vulnerable people to rebuild their lives.
I love my job
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MovingForwards wrote: »You need to start somewhere, take a sub-prime card
That was my starting point. The 4 cards i have were sub prime cards. I have built up a couple of years history now with the cards. I have been waiting for the default to drop off my files. This has now happened on one credit agency report. I'm waiting for the default to drop off the other 2 agencies. I'm just wondering why i only get offers from sub prime lenders.I came into this world with nothing and I'm gonna leave with nothing.0 -
Willing2Learn wrote: »How much total available limit of £6,000 is currently reported as being used?
I currently have zero balance on all 4 cards. I have been using the cards and paying off the balance in full each month. I am wondering why the eligibility credit card checkers are only coming up with sub prime card offers.I came into this world with nothing and I'm gonna leave with nothing.0 -
That was my starting point. The 4 cards i have were sub prime cards. I have built up a couple of years history now with the cards. I have been waiting for the default to drop off my files. This has now happened on one credit agency report. I'm waiting for the default to drop off the other 2 agencies. I'm just wondering why i only get offers from sub prime lenders.
Because you still have a default showing on two of your files.
Wait until it drops off from all three CRA's first.0 -
… I am wondering why the eligibility credit card checkers are only coming up with sub prime card offers.
Like I said...wait until your files are clean of negative data...Willing2Learn wrote: »... Wait until all your three files are clean of negative data before trying for a mainstream card...I work within the voluntary sector, supporting vulnerable people to rebuild their lives.
I love my job0 -
Because you still have a default showing on two of your files.
Wait until it drops off from all three CRA's first.
I was lead to believe that the default came off after 6 years. Although this is still showing on equifax and experian, its only because the reports are updated monthly. If a lender was to check my credit file today surely they would be given a live up to date report?I came into this world with nothing and I'm gonna leave with nothing.0 -
I was lead to believe that the default came off after 6 years. Although this is still showing on equifax and experian, its only because the reports are updated monthly. If a lender was to check my credit file today surely they would be given a live up to date report?
Yes, I was thinking that after posting.
When you say you only get subprime offers, do you mean the prime ones are not showing at all or they're all 0%?
And which sites are you checking on?0 -
Yes, I was thinking that after posting.
When you say you only get subprime offers, do you mean the prime ones are not showing at all or they're all 0%?
And which sites are you checking on?
I have checked on MSE credit club. Totally money site. Noddle site, credit score site, etc. All i am getting are sub prime card offers with pre approved offers. there are no mainstream lender offers on any.I came into this world with nothing and I'm gonna leave with nothing.0 -
I have checked on MSE credit club. Totally money site. Noddle site, credit score site, etc. All i am getting are sub prime card offers with pre approved offers. there are no mainstream lender offers on any.
Maybe try a soft search direct with a prime lender?
Barclaycard : https://www.barclays.co.uk/credit-cards/check-your-eligibility/
MBNA : https://www.mbna.co.uk/credit-card-eligibility-checker.html0
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