daughters cc aplication

[Wishfull]

my daughter has been declined for two credit cards one was a pre approved one with barclays she has lived at her address for three years so dont think it was my address that stopped her getting credit she got a loan for a car 4 years ago and never missed a payment but the only thing she has on credit at the mo is a phone wich is upto date if the last person at the address had a bad record can this affect her

[oscar]

Re: daughters cc aplication

Addresses cannot affect your ability to get credit. From your post, I would suggest what is stopping her is the amount of previous history (credit accounts such as loans or cards) on her credit files.

If she intends to pay the full balnce each month, she could try Vanquis, and then try another company in say 9 or 10 months. I wouldnt recommend holding a balance on the card with these as their interest rates are sky high.

[SaltnVinegar]

Re: daughters cc aplication

my daughter has been declined for two credit cards one was a pre approved one with barclays she has lived at her address for three years so dont think it was my address that stopped her getting credit she got a loan for a car 4 years ago and never missed a payment but the only thing she has on credit at the mo is a phone wich is upto date if the last person at the address had a bad record can this affect her

Has she looked at her credit file to see what is being held against her by the CRA? Main ones are experian, equifax and call credit.

As has been suggested it may be her lack of a credit history that is an issue rather than adverse credit.

However without getting all preacher like on you...............

Why does your daughter want credit? Perhaps being declined is a blessing in disguise? Having not lived on credit now for almost 2 years I can honestly state that (mortgage aside - and don't get me started on the perceived 'benefits' of owning your own home in this modern Britain) I have found no reason for needing credit and (especially a credit card) at all.

Ooooer thats my MSE moment over

SnV

[BBoo]

Re: daughters cc aplication

Although this shouldn't affect her at this stage, there is also the fact that it's not sensible to keep on applying if she's going to get turned down, as a lot of negative searches in a short space of time will affect her.

Would she in anyway show up as financially linked with you for any reason?

[CleverClogs (RIP)]

Re: daughters cc aplication

Ooooer thats my MSE moment over

Did you feel as if an unseen hand was tweaking your nipples?

[SaltnVinegar]

Re: daughters cc aplication

Did you feel as if an unseen hand was tweaking your nipples?

If that were the experience I would post there all the time!!!!

[PriorityOne]

Re: daughters cc aplication

Addresses cannot affect your ability to get credit.

Actually they can.... because addresses are linked to the person applying for credit. I know this because I had a nightmare credit record at a previous address that was re-possessed. Once this address was "lost" so to speak, things went through without any problems at all.

So basically, a credit search is linked to the person, yes..... but is only pinned down by the addresses they've lived at.

Hope I've explained that properly.....

[garlok]

Re: daughters cc aplication

There used to be a real problem with addresses at one time like a post code lottery if you bought another house or moved to another address. You could inherit a poor credit record from a previous occupant of the property. As far as I know that was rectified by a change in legislation and rules about 2001. We had moved in 2002 and had "inherited", we found, the problems of a previous occupier of this house which had been rented out and had been used for "special needs mother-child"fostering,---don't ask!

We put the matters in hand with the sol who conducted all the conveyancing and he told us that yes up until the previous year it had been quite possible for you to inherit these problems but things had now changed and it was not allowed. Hence the change occurred 2001 or there abouts.

regards
Garlok

[Never-In-Doubt]

Re: daughters cc aplication

Addresses cannot affect your credit P1 - the only way they would is like you say; via a link but you'd have had to have been in debt at that address as well. Credit is based on person - not dwelling.

However if you got in debt at address A then moved to address B withholding the bad debt at address A then not only would N Hunter & Symantics catch you out but the bad debt would then link to the new address, address B.

So assume you live with your kids and they apply for credit, anything of yours at any address would not be taken into account thus credit is always based on person not dwelling

I think we're saying the same thing; but in a different way

[Never-In-Doubt]

Re: daughters cc aplication

my daughter has been declined for two credit cards one was a pre approved one with barclays she has lived at her address for three years so dont think it was my address that stopped her getting credit she got a loan for a car 4 years ago and never missed a payment but the only thing she has on credit at the mo is a phone wich is upto date if the last person at the address had a bad record can this affect her

Tell her to write in and appeal the barclays pre approval. May shed more light on it

[PriorityOne]

Re: daughters cc aplication

Addresses cannot affect your credit P1 - the only way they would is like you say; via a link but you'd have had to have been in debt at that address as well. Credit is based on person - not dwelling.

However if you got in debt at address A then moved to address B withholding the bad debt at address A then not only would N Hunter & Symantics catch you out but the bad debt would then link to the new address, address B.

So assume you live with your kids and they apply for credit, anything of yours at any address would not be taken into account thus credit is always based on person not dwelling

I think we're saying the same thing; but in a different way

Yes, that's what I meant; a link. No link was made to my name at address A from the current address B..... so no-one was ever the wiser that I had ever lived at address A. My credit history therefore started from scratch.

There were a couple of phishing attempts made at address B, but nothing concrete was ever established..... so they didn't catch up with me, no.

Blimey.... I sound like a right debt evader..... but had very good reason to move like this at the time....

[Wishfull]

Re: daughters cc aplication

she has got her credit file from experion and they are saying she isnt on the electoral roll but she has spoke to the council who says she is defo on it strange she has got a loan that finished earlyer this year fullypaid up and a mobile phone contract i have begged her not to get a card but says she needs to get a mortgage soon and some idiot has set a seed in her head that having a credit card showing on your credit file will help

[Never-In-Doubt]

Re: daughters cc aplication

she has got her credit file from experion and they are saying she isnt on the electoral roll but she has spoke to the council who says she is defo on it strange she has got a loan that finished earlyer this year fullypaid up and a mobile phone contract i have begged her not to get a card but says she needs to get a mortgage soon and some idiot has set a seed in her head that having a credit card showing on your credit file will help

Point her here then and we'll teach her the right and wrongs

No, a credit card will not help, it will hinder her if she keeps applying and gets rejected so it is already damaging her!

No more applications till she appears on Experian, chances are the loan she paid was done by a firm that use Equifax as her address may be on there.

All she needs to do is query it with Experian and they will add her again as the new ER comes out soon anyway / may have just came out (unsure exactly of dates)

[CleverClogs (RIP)]

Re: daughters cc aplication

I sound like a right debt evader..... but had very good reason to move like this at the time...

Were MacKenzie Hall telling you they were going to send someone round, or did you owe money to a much nastier creditor such as the Vatican Bank?

[Never-In-Doubt]

Re: daughters cc aplication

Blimey.... I sound like a right debt evader..... but had very good reason to move like this at the time....

No problem with that at all - whatever is right for you at the time.....