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**Parki** · 7 September 2010, 21:31

Re: Sub-Prime Credit

Just to let people know if it helps my subprime experiences.

Having 3 defaults on my file which were 4-5 years old I was accepted by Vanquis and Capital One but Aqua and Barclaycard Initial turned me down.

Started with a limit of £1000 on Capital one. After 4 months this went to £1500 and after 12 months to £1800.

Vanquis I started off with a £250 limit. This then went to £750 after 9 months and is now upto £1750 after 12 months.

I was also accepted for the Sygma Flybe Card with 2 defaults with a £1000 limit. I have had the 2 30% increases on that so far.

Hope that helps anyone else! :)

**Pixie** · 29 September 2010, 11:34

Re: Sub-Prime Credit

Thanks for sharing this Parki. :clap

A long way down the line for me, I'm afraid ;F- but good to hear others' experiences.

**magicgirl** · 17 June 2011, 06:31

Re: Sub-Prime Credit

I decided to start off with the credit rebuilder after BR. I used mycashplus annual scheme and then after about eleven months, I applied for a mobile phone on contract. T-mobile accepted me (although they did request a £250 deposit) and after six months of having the contract, they refunded my deposit which in effect paid my bill for the next year (it was an eighteen month contract).
about six months after having my deposit returned, I got a letter in the post from capital one offering me a card which i took them up on never actually expecting to be offered one but sure enough, i got a card with £100 limit. after four months, this went up to £200 where it stayed for another year (or just over) and just last month, i got an increase to £800. its not happened overnight but it just proves that you can slowly build yourself back up. all is not lost.. xx

**Boogiemaster** · 8 December 2011, 22:26

Re: Sub-Prime Credit

Sub prime credit

Applied for credit cards and catalogues and all were refused and then I asked for a couple of sweets from Niddy but he said my credit score isn't high enough to get any but if I follow his guide he might give me a couple.

After finding out you cant get a 1000 credit score only 999 I think he just wants to eat them all to himself :boohoo

I followed his credit for dummies and applied for JD Williams catalogue and was instantly accepted and given a £125 credit limit.

My first order was paid in full and the following orders were just minimum payments and on my sixth statement my credit limit was raised to £900.

Six months ago Vanquis turned me down so after paying JD Williams for six months I applied again and this time I was accepted and given a £250 limit with a 48% APR.

I have gone from being refused to being accepted now and hopefully in 12-18 months I will be given a prime credit card with a low APR.

Thanks to Niddy's guide I am credit worthy again so if your reading this then his guide really works and will help you back on the first step of the credit ladder.

Thanks Niddy :)

**Boogiemaster** · 4 January 2012, 19:47

Re: Sub-Prime Credit

Just an update :)

JD Williams started at £125 and seven months later credit limit is £1300

Simply Be started at £125 and seven months later credit limit is £1300

Kay's started at £500 and is now £600

Vanquis sent me their credit card and I've got a black visa card with 32%apr.

I also applied for a Capital one credit card and was accepted but I've only had the Vanquis a month when I applied.

I've got three years of payments on my credit file and one Capital one default that belongs to Lowell's that will be six years old in July but Capital one still gave me a card.

My wife applied for a Capital one card and she has a default that's six years old this October but they want a deposit of £90 before they will give her a card.

She's doesn't have a lot of history just two clubs a Simply be and Littlewoods that's she held for seven months so I will give her the deposit so she can get some nice green ticks.

£90 deposit for a £250 isn't too bad though.

PS, I still got the credit cards even though I'm on income support but I'm more mature now and I know how important credit is when you need it.

I don't mess anyone around and I pay my bills because paying high interest isn't very nice and good luck to everyone in their credit building :)

But my credit is on the up thanks to Niddy's guide :)

**Never-In-Doubt** · 4 January 2012, 19:52

Re: Sub-Prime Credit

awesome mate - well done you :clap :clap

**MustGetStraigh** · 16 April 2012, 21:50

Re: Sub-Prime Credit

Mmm a comment I made on another thread got me thinking.

I'm not looking to get a credit card again in a hurry... but it would be handy to know,

For a subprime like Vanquis, how old would your defaults have to be? Mine are between 2 and 3 years old. Mortgage has been up to date for 2 years now and I'm on electoral roll.

**swanfan** · 16 April 2012, 23:47

Re: Sub-Prime Credit

[QUOTE=MustGetStraight;175824]For a subprime like Vanquis, how old would your defaults have to be? Mine are between 2 and 3 years old. Mortgage has been up to date for 2 years now and I'm on electoral roll.[/QUOTE]
Mine were 6 months... :grinning

And as for the mortgage... ;W;W

**Never-In-Doubt** · 17 April 2012, 05:00

Re: Sub-Prime Credit

[QUOTE=MustGetStraight;175824]Mmm a comment I made on another thread got me thinking.

I'm not looking to get a credit card again in a hurry... but it would be handy to know,

For a subprime like Vanquis, how old would your defaults have to be? Mine are between 2 and 3 years old. Mortgage has been up to date for 2 years now and I'm on electoral roll.[/QUOTE] usually for vanquis, you should have no live defaults in the searchable period, thus 3+ years should be fine.

I know of people that got one when they had one added a month earlier, and others declined who never had one at all.

Deffo worth a try, what harm can it do?

As an aside, I had 27 defaults when they took me and now I have the usual £3000 limit.

**MustGetStraigh** · 17 April 2012, 19:08

Re: Sub-Prime Credit

[QUOTE=Never-In-Doubt;175885]usually for vanquis, you should have no live defaults in the searchable period, thus 3+ years should be fine.

I know of people that got one when they had one added a month earlier, and others declined who never had one at all.

Deffo worth a try, what harm can it do?

As an aside, I had 27 defaults when they took me and now I have the usual £3000 limit.[/QUOTE]

Thanks Sir Nid - I had a go online and have gone through the telephone stuff this evening. Well you could have knocked me down with a feather - they have approved me. Fools! Brings to mind that Fast Show sketch with the old philanderer ... Me, with My record? given a [I]Credit Card[/I]?... :ohno

I don't really want to use it but I guess as long as I do use it a bit (and pay it off each month) in the long run it should help the old creditworthiness when I get to 3 years + - Useful for emergencies and that's the only reason I want it.

Should add, my defaults are all over 2 years but they are all November 2009 - February 2010 so definitely not 3 years+ .

Still gobsmacked that anyone wants to offer me anything at all. I felt like saying to the call centre chap "are you really sure you want to do this".

Oh and they were fairly hard sell on the repayment protections stuff.... I had to ask if it was obligatory as it did rather sound as if it was. (and of course it isn't!). And offered me a cash advance into my bank (can you [I]imagine[/I] the interest rate on that?!)

Niddy I'm full of admiration - 27 defaults has got to be some kind of record. Even I have managed nowhere near that :rotf I obviously must try harder!

**MustGetStraigh** · 17 April 2012, 19:11

Re: Sub-Prime Credit

[QUOTE=swanfan;175884]Mine were 6 months... :grinning

And as for the mortgage... ;W;W[/QUOTE]

Blimey Swanny I'm impressed! I wouldn't have had the balls to apply after 6 months :rotf

**swanfan** · 4 May 2012, 14:57

Re: Sub-Prime Credit

Vanquis have just doubled my credit limit. :wtf

**ScabHunter** · 30 May 2012, 02:08

Re: Sub-Prime Credit

[QUOTE=swanfan;175884]Mine were 6 months... :grinning

And as for the mortgage... ;W;W[/QUOTE]

[QUOTE=swanfan;182031]Vanquis have just doubled my credit limit. :wtf[/QUOTE]

Am I the only one who thinks this geezer must [I]own[/I] Vanquis?

SH

**Never-In-Doubt** · 30 May 2012, 05:32

Re: Sub-Prime Credit

[QUOTE=MustGetStraight;176180]Thanks Sir Nid - I had a go online and have gone through the telephone stuff this evening. Well you could have knocked me down with a feather - they have approved me. Fools! Brings to mind that Fast Show sketch with the old philanderer ... Me, with My record? given a [I]Credit Card[/I]?... :ohno

I don't really want to use it but I guess as long as I do use it a bit (and pay it off each month) in the long run it should help the old creditworthiness when I get to 3 years + - Useful for emergencies and that's the only reason I want it.

Should add, my defaults are all over 2 years but they are all November 2009 - February 2010 so definitely not 3 years+ .

Still gobsmacked that anyone wants to offer me anything at all. I felt like saying to the call centre chap "are you really sure you want to do this".

Oh and they were fairly hard sell on the repayment protections stuff.... I had to ask if it was obligatory as it did rather sound as if it was. (and of course it isn't!). And offered me a cash advance into my bank (can you [I]imagine[/I] the interest rate on that?!)

Niddy I'm full of admiration - 27 defaults has got to be some kind of record. Even I have managed nowhere near that :rotf I obviously must try harder![/QUOTE] Hiya

See no sign of you since you got approved, I do hope you've not went on a mad spending spree with your new £250 / £500 credit card :lol

:beer

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