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redrose
Starting Member
United Kingdom
11 Posts |
 Posted - 26 October 2012 : 22:34:49
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| I was discharged from bankruptcy 2 years ago. I have recently checked my credit score with experian and it is 999. I applied for a card with Aqua and have been rejected. I am not sure wh can any one throw any light on this or recommend a company I might be sucessful with. I dont really need a credit card just want to establish a good pattern of repayments. |
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Viki.W
forum expert
United Kingdom
2211 Posts |
Posted - 26 October 2012 : 23:47:54
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Hi redrose,
Have you ever had a Capital One credit card? If you have, you will be refused by Aqua.
If not, you need to check your credit report again and make sure all your creditors have marked your debts as satified. Once you have done that and it's all green and not red, then maybe you could try a Vanquis card.
Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp |
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Paul 50
Starting Member
United Kingdom
28 Posts |
Posted - 27 October 2012 : 12:41:30
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Hi redrose,
I think your best chance is with a Vanquis credit card,they seem more sympathetic to discharged bankrupts than most cards for poor credit. One to avoid is the Capital one classic card it gives the impression that as long as your discharged you stand a chance, I got knocked back for this one last year and again a few weeks ago due to a poor credit score. My credit files have been cleaned up (best they can be ! ) and have been discharged well over 2 years.
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redrose
Starting Member
United Kingdom
11 Posts |
Posted - 27 October 2012 : 13:44:55
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| Thanks Viki and Paul for your quick replies. I will apply for a Vanquis card and let you know, unless anyone else has a suggestion. |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 27 October 2012 : 15:57:39
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I think that there is another one called Luna - don't know who is behind it though.
Vanquis are usually good though. |
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Viki.W
forum expert
United Kingdom
2211 Posts |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 28 October 2012 : 11:53:22
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| Thanks Viki - didn't realise that. |
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pcoventry
Junior Member
United Kingdom
235 Posts |
Posted - 29 October 2012 : 01:18:38
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Can I please ask?
Is it best to wait till you are discharged before you tackle credit file? Or can it be done any time after BR?
Or is there a set timeframe to wait? |
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pcoventry
Junior Member
United Kingdom
235 Posts |
Posted - 29 October 2012 : 01:53:17
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Vanquis cards say they are available to people "not legally restricted to obtaining credit eg because of bankruptcy
So you wait till your done? A lot of guides say to try and start as early as possible, if it's under £500 does the OR need to be informed? ( I think £500 and above they do) |
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Viki.W
forum expert
United Kingdom
2211 Posts |
Posted - 29 October 2012 : 06:24:38
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You would need to wait until you are discharged.
Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp |
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pcoventry
Junior Member
United Kingdom
235 Posts |
Posted - 29 October 2012 : 10:16:40
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| Morning VIki, thanks. I have however got hold of my credit file in the mean time :) |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 29 October 2012 : 10:21:36
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| Don't forget that the BR will remain on your file for six years. |
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Viki.W
forum expert
United Kingdom
2211 Posts |
Posted - 29 October 2012 : 10:45:55
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Hi pcoventry,
As soon as you are discharged, then you can write to any creditors asking them to mark the debt as satisfied and amend the default date to your bankruptcy date (if they haven't done so already)
Then once everything is green and not red, then you can, if you wish, apply for a Vanquis Card to rebuild you credit, paying it off each month of course.
Nothing wrong with looking at your file now, but there is not a lot you can do until discharged from the debts.
Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp |
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pcoventry
Junior Member
United Kingdom
235 Posts |
Posted - 02 November 2012 : 01:43:31
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| Thanks for the advice. I've e-mailed the credit reference website to close my subscription down until May 2013 when I hope to be discharged. |
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redrose
Starting Member
United Kingdom
11 Posts |
Posted - 17 November 2012 : 07:41:54
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Just thought I would give you an update on my application. I have been approved for a credit card with Vanquis with a £500 credit limit.
Thanks for all the advice. I thought I would never get credit again!
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Viki.W
forum expert
United Kingdom
2211 Posts |
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Topic |
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I was discharged from bankruptcy 2 years ago. Now looking to apply for a credit card
