credit card companies can see your other ballance and total avalable so if you have (for example)

Credit £1000 > Ballance £900 then you are using 90% of credit avalable so they are less likely to give you credit. Also they can reduce there credit limits because you missed payments or are up to the hilt on other credit commitments.

Stop applying for credit and get the ballances down on your other cards then see if they will offer you a better credit limit. Also try to pay off more ballance from capital one to show you can afford it rather than always having a ballance.

Good luck

Jamie1978:

I think that's quite a good credit record but.......

Nobody is guaranteed credit. Probably in lenders eyes being stuck at about 80% of available credit, on a relatively low total limit, is an indication that they think for the moment you are at your limit.

I suggest a long term view targetting the time when most of your 7 applications will be wiped off, in the meantime making a big effort to settle at least one, perhaps both, of the high interest cards. If you manage to do that before your next application you will have made a point, otherwise the lenders were right.

hi

thanks for your help

I have lived at my current address for 2 yearsnow and lived at my previous address for 7 years. I am on the electroll roll. Unfortunately tho i have made 7 applications for credit and only had one of those accepted via barclaycard.

When paying the card my normal payment is around the £50 park.

During the last financial year i earn just over 25k. Had a mortgage for 12 months that has been paid on time.

other things on my report are as follows

O2 Mobile contract - Paid on time 36 months

Vanquish Credit Card - £500 limit - Balance around £300 and £50-£100 payment each month

Capital one - £200 limit - Balance around £150 - £50 payment each month

Mortgage - £90000 - payment £714

Barclaycard - £1000 Limit - £900 balance - £100 payment each month(high due to maintenace on car)

Welcome finance loan - Paid complete on time 3 years ago

Car Loan - Paid complete on time 2 years ago

2x Yorkshire bank accounts - accounts held for 2 yearsNo overdraft on either, One cheque book but no cheque guarantee on either. One account for bills and one for spending money. All direct debits paid on time and no direct debit returned for over the 2 years.

That is everything on my credit report with experian. I do not know what is on my EQUIFAX report as i have not seen that and everything credit wise i have is on my EXPERIAN report.

i dont think its a bad report but i struggle so much for credit

Jamie1978:

While an excessive number of credit applications in any 12 months will count against you, one or two won't make much difference.

A far better test than the Credit Expert "score" is just to make an application if that is what you want to do. You need to be aware that CRA "scores" take no account of earnings, only the application does that, which is why I think CRA "scores" are largely irrelevent.

I'm assuming, though you don't say, that you have a proof of address and electoral roll registration for your current address and for at least the previous 3 years.

If you are unsucessfull you need to look again at your credit report for errors and omissions. The £2 statutory report is perfectly adequate. A CRA "score", even if "free" is largely irrelevent. Only the lenders "score" is relevent and they won't tell you.

There is now enhanced reporting of credit card payment history over the previous 12 months. If you have only been making minimum payements (on a £200 limit), its possible that a lender will see an affordability issue. You didn't say either way but perhaps that is the problem that Capital One see.

Hello all I have had my CAPITAL ONE credit card for over 4 years. When i got accepted for the card i was put on 35.9%APR and given a £200 limit. Now after 4 years of not missing a payment and never going over my limit i am still on the 35.9%APR and £200 limit. I have phoned them up to ask if i can have a lower intrest rate and higher limit and all they say is that they look at the account every 3 months and decided then if the account needs altering.

What should i do to get a better card. My credit score on CREDIT EXPERT is at 738 and clean of late payments and CCJs. Im worried that if i close the account that i wont be able to get another credit card and it will have a negative effect on my credit score

Jamie