Getting a credit card

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DCX1983

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Post by DCX1983 » Fri Jun 26, 2015 7:12 pm
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Hi,
When should I be able to apply for a credit card (probably Vanquis)?

I am just looking for a low limit card to improve my credit score.

I have my CC.
I am still on the insolvency register
My IVA should still be on my file until May 2016
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Foggy

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Post by Foggy » Fri Jun 26, 2015 7:38 pm
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I got a card from Vanquis whilst my IVA was still on my credit files, but I was off the register. I think acceptance is more luck than judgement.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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DCX1983

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Post by DCX1983 » Fri Jun 26, 2015 8:54 pm
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Just signed up and got approved straight away
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Foggy

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Post by Foggy » Fri Jun 26, 2015 9:13 pm
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Use it for stuff you would be spending on anyway ( petrol for instance ) and pay it off each month. You will start collecting those green ticks.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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DCX1983

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Post by DCX1983 » Fri Jun 26, 2015 9:21 pm
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That's the plan. I will set up a direct debit to pay the full amount each month.
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plasticdaft

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Post by plasticdaft » Sat Jun 27, 2015 3:18 pm
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I just closed my vanquis account down as I was able to get a mainstream card but I have to say I've been very impressed from start to finish with vanquis. Even the closures procedure was easy.

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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relieved33

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Post by relieved33 » Sun Jun 28, 2015 10:06 pm
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I applied online today, had a phone call and was accepted all in less than 10 minutes.
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Shining

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Post by Shining » Sun Jun 28, 2015 10:32 pm
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I applied and got the Vanquis card when I had completed my IVA. I still use it now as I pay it off each month the interest is negligible but I might apply for a bank one soon.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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siorghra

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Post by siorghra » Mon Jun 29, 2015 1:28 am
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I got a Santander credit card!

Still waiting on my IVA being finalised, but I got a £500 limit. Will just use it for fuel and pay off in full every month.
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Foggy

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Post by Foggy » Mon Jun 29, 2015 9:00 am
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Well done, siorghra. Santander can be notoriously inconsistent post IVA.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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