Hiya, can I ask.....

I was made bankrupt in Jan 2007 and this was discharged in July 2007. I want to build up my credit score again and applied for a vanquis card but was turned down.... I thought that these cards were meant for people like me?

Anyone know how else I can rebuild my credit score.... Ultimtely I don't want credit cards etc <I am actually very happy with my pre paid card>.... just want to build the score in case it should be necessary in the future......

Any advice?

Thanks

Hi,

Dont worry if you have been turned down by Vanquis your not alone... I too was turned down not because of bad credit just not enough apparently.... Dont go with tm there intrest is far to high. In fact i dont know anyone yet that actually uses there card.

Try Capital One Classic, U can apply online the may write to you and ask you to send identification in but this is well worth doing as this is usually a yes that you have been accepted, Also are you on the Elec Roll? www.capitalone.co.uk

Also try Halifax for bank account Cash Card Account. You get a nice little card Visa Electron internet banking they also except people with bad credit. www.halifax.co.uk

But can i make you aware that just because you have a credt card and a current account this may still not show up on your credit file as most agencies dont hold this information unless they have been given the instructions by the creditor to do so. So you still may find it difficult later to get credit too.

hi i applyed to them and they turned me down then i tryed capatal one and i had to send them my id and they accepted me straight away make syre you apply for the card to build your credit rating i got 1000 credit limit good luck and also my rating is the lowest poor so you should get it .

i was discharged in december 07 after 3 years bankruptcy! i applied for capital one and had to send id and i got accepted but only got a £100 limit, which is ok as the only reason i got it was to build my credit rating. i also got a halifax easycash current account ( i had no bank account for three years and had to use my fiancee's). i knen applied for a mobile contract, which i've never had, to build my credit rating.

its a long haul but we'll get there.

good luck folks

Hi ive never been bankrupt, but I too got a capital one credit card with an initial £100 limit, they increase the limit on the 4the statement. mine is due to be increased next weekend, I got a mastercard from tescos and the initial limit was £1000 and I pay by direct debit the minimum payment plus a bit extra online if i have it,

Hi Moneybags2,

My credit was too a bit poor not because of Bad Debt just had no credit. Capital One too gave me a Card with a 100 pound credit limit, I have been with them for almost 7 months now. I pay by Direct Debit usually pay in full but when the 4th month came of having the card i was not offerd a increase, I have had the card for almost 7 months now and still never been offerd one, They do say on the 4th statement they will increase, But when i called them they said it's not always on the 4th month sometimes it's longer....

hi i dont know if its true or not, but i read somewhere if someone pays back in full each month on a credit card they regard that customer as not as good a customer as someone who does not pay in full, i think the Egg card does not like customers who pay in full as they are not getting any money from the customer in interest, if someone pays their card not as a full payment each month but they pay interest then i think they prefer that type of customer more, if anybody knows different please tell us. It does say on capital ones website they increase the limit on the 4th statement IF YOU HAVE NOT GONE OVERLIMIT, MADE PAYMENTS ON TIME etc, during the first 4 months, so I will wait and see, and report back in due time. I dont know if they also do a further credit check beforehand, but thats ok with me as I have 2 credit cards and always keep within the limits and never miss a payment, capital One never asked me for any I.D. when I applied.

Hi,

I never had to send ID in when i pplied they just sent me the card etc without any id but then i am on the elec roll. I did leave my account for a little while and just paid back the Min in the hope that they give me a increase. But never gone over the limit etc but then you never know we may awake in the morning to letter saying that we have an increase LOL!!!!!! fingers crossed

I know that they did send me a letter saying if i use my card once a month they will increase the limit but i do that anyway,

I will give it till the end of May and see what happens, If they dont give me an increase i will see if i can change over credit cards LOL!!!!!!!

But please post back and let me know if you where succesful with your Limit. Also taklking about credit. O applied for my report a little while ago and Capital One never put this on my report that i had a credit card, S still not sure how other lenders will see that we are good payers LOL!!!

yes me too im on electoral roll, for many many moons lol im not going to ask for a increase if they give it then fine, if not then i will tell them it says on my online statements that on the 4th statement date they increase limit and i will tell them that of i dont automatically get one, but by a rule in general most credit card companies let you have it for a year and monitor you, then if after 12 months you have been a good boy lol they give you more lol, will wait and see what happens next statement day next week, well a week tomorrow to be precise

capital say that if you pay in full, on time and never go over your limit then they'll increase your limit. ive just paid my third so hopefully i'll get an increase.

what i was doing with capital one, so that they could earn money from me, was i was taking a tenner from the cash machine so that they would earn money that way. hopefully get a nice increase but not to worried if i dont.

does any one know if the other credit cards for poor ratings offer a bigger limit????

Hi Geo, Try Halifax

They are doing a card for Poor credit at the moment, Go to there website click on Credit Cards and on the left hand side your see a List Click on Classic Card, This is the card you want, Let me know if you get excepted. You dont have to be banking with them to get one either. Give it ago.

But i would advise not to apply for a Vanquis or Aqua.... There interest is too High and a lot of people have had bad experiace with these two companys.

LOL!!!!! Mines due then too. Counting the days Lets keep our ingers crossed and hope.... LOL!!!

Take Care

thanks jt. just appiled for the halifax classic and they said that i'll be contacted within 10 working days. so fingers crossed.

Hi Geo, Your welcome....

Goodluck, Let me know the out come. If your are declined. They may ask for more documetation to support your application. If they do. Do this as its worth it.

after my bankruptcy i got my first bank account with halifax in january 08. ive also got a savings account with them that i just started last week so im hoping this goes in my favour.