Will applying for Vanquis have any other effects?

[Never-In-Doubt]

Re: Will applying for Vanquis have any other effects?

Applied for a creation card last night and got rejected.

Currently I have a Very account with a £6k limit and an old Marbles credit card that has a £500 limit, my last default has just hit the 3 year mark so I had hoped I would get accepted. Do you think not being on the electrol roll is a problem?

Not to worry I've put a reminder on my phone for 6 months from now and will try again then.

oh shit - you gotta be on the ER mate

oooops!!!

thats going to be an issue for all applications.

[Never-In-Doubt]

Re: Will applying for Vanquis have any other effects?

That's worth knowing

You know this mate. We discussed it on your own thread previously

[Locke]

Re: Will applying for Vanquis have any other effects?

Applied for a creation card last night and got rejected.

Currently I have a Very account with a £6k limit and an old Marbles credit card that has a £500 limit, my last default has just hit the 3 year mark so I had hoped I would get accepted. Do you think not being on the electrol roll is a problem?

Not to worry I've put a reminder on my phone for 6 months from now and will try again then.

[SA Gold]

Re: Will applying for Vanquis have any other effects?

£1 is fine mate. It shows the CRA's you've paid more than the min payment

That's worth knowing

[Never-In-Doubt]

Re: Will applying for Vanquis have any other effects?

£1 is fine mate. It shows the CRA's you've paid more than the min payment

[Locke]

Re: Will applying for Vanquis have any other effects?

That's not always best, I did say pay off more than the minimum - not pay in full.

Paying in full is not actually a good thing to creditors, bet you never expected that! it shows no risk level and pretty much negates any positives you build up from paying monthly. I tend to say set up a DD for the minimum payment then each month after your payment has been paid via DD, simply pay extra to lower the balance - this works better and also reports at the CRA that you paid MORE than the required amount. Paying in full shows the CRA that the balance is £0 - so other people searching you may think it is a dormant account and not being used.

Hi NID, sorry to drag an old post up but I've just discovered the sub prime forum and have enjoyed the read.

When you say pay more than the minimum, is there a set amount more or would £1 be fine?

[SA Gold]

Re: Will applying for Vanquis have any other effects?

Bugger. Ok hold fire. That means you just passed first time so they need 6 months payments in time. Wait till February mate and apply to bank then sygma if you wanted to, afterwards.

Thanks mate, diary set

[Never-In-Doubt]

Re: Will applying for Vanquis have any other effects?

Just been blown out mate. Should i diary six months and re-apply, or should i be looking at a Cap1 improver job/my own bank then? (Was planning on own bank in Jan as 3 year default date is December)

Bugger. Ok hold fire. That means you just passed first time so they need 6 months payments in time. Wait till February mate and apply to bank then sygma if you wanted to, afterwards.

[Never-In-Doubt]

Re: Will applying for Vanquis have any other effects?

I explained in another thread (Lloydjones) last night that creation score different cards differently.

Flybe is a mid range easyish one to get.

http://forums.all-about-debt.co.uk/s...ngs-looking-up

[SA Gold]

Re: Will applying for Vanquis have any other effects?

And maybe the fact that a lot of people on sub credit can't afford to use their free flight!

[cymruambyth]

Re: Will applying for Vanquis have any other effects?

And maybe the fact that a lot of people on sub credit can't afford to use their free flight!

[SA Gold]

Re: Will applying for Vanquis have any other effects?

No I failed at the first hurdle on a red card!

ah right. I wonder if perhaps the Flybe is slightly easier to obtain due to the lack of interest free purchases perhaps?

[cymruambyth]

Re: Will applying for Vanquis have any other effects?

No I failed at the first hurdle on a red card!

[SA Gold]

Re: Will applying for Vanquis have any other effects?

Ouch! Could different cards within the same group be scored differently? That is the one I applied for.

Its certainly possible CB.
The creation balance transfer card offers the same as the Flybe they gave me and additionally 3 months interest free on purchases.

Edit: So you were also given a Flybe and rejected on the balance transfer?

[cymruambyth]

Re: Will applying for Vanquis have any other effects?

Ouch! Could different cards within the same group be scored differently? That is the one I applied for.