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Apllying for a credit card?

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Jason Bourne
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2005/07/29 23:02:38 (permalink)
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Apllying for a credit card?

I want to apply for a credit card. However, before I do a couple of questions.

I have just moved into a new house, been living here for a few months. I am registered on the electoral roll on my previous address, been living there for over 10 years. Will this affect the outcome of the application?

Also, i was just wondering I have stopped working for a short period of time. However, if i have put down my last place of employment as still working there, will they check up? Do they actually ever check up to confirm whether an applicant is working where he says he is working seeing as the decision is automated.

Thanks
#1

14 Replies Related Threads

    Pal
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    RE: Apllying for a credit card? 2005/07/29 23:42:38 (permalink)
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    For the 1st part.... they normally do take the electral roll into account but as long as you have a good credit history it shouldnt matter to much, they ask for your previous address anyway on usually anything below 3 years.
    2nd part..... Sometimes they check, sometimes they dont. I worked somewhere where requests came through just to prove the person worked there but not all do this. On the other hand you usually have to prove your income with wage slips or bank statement showing recent money going into your account.

    #2
    gripperdog1
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    RE: Apllying for a credit card? 2005/07/30 00:18:32 (permalink)
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    I applied for loads of cards...none checked my workplace,I used my last workplace name when i started a new job!

    Me and a mate played a game of who could collect the most cards and who could get the highest credit limit,at one point I had about 14 different cards and the best credit limit was £19500 from MBNA,second best was £17100 from Barclaycard (both platinum)
    Got bored of the game and had to make loads of phone calls to cancel them!LOL
    They offer u silly deals if u say u are cancelling them and going to a different lender.
    Egg offered me 6 months interest free every year for the next 3 years if i stayed with them and transferred money onto their card.
    Cahoot gave me £6000 straight away and 12 monthsinterest free,the following 6 months were 3.9%!!

    Worst one was marbles..they gave my details to other companies and i ended up with a bill for £19.50,when i rang them and said i hadnt even used the card they claimed i said i wanted some discount pack that gave me a £100 worth of vouchers for mothercare!!!I dont even have any fooking kids!!TW4TS

    Do ur homework and u can get some great deals!
    At the mo virgin are doing 9 months 0% APR!
    post edited by gripperdog1 - 2005/07/30 00:19:21
    #3
    MuscleDeaf
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    RE: Apllying for a credit card? 2005/07/30 10:43:40 (permalink)
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    Whilst not wishing to sound smug, I don't have any credit cards at all - just one debit card.

    Problem solved

    #4
    gripperdog1
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    RE: Apllying for a credit card? 2005/07/30 13:04:33 (permalink)
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    Credit cards can be very useful......ur debit card aint ever gonna give 12 months interest free credit is it?
    If u over spend on a credit card and end up in the sh1t its nobody elses fault but ur own.
    All u have to remember is u are borrowing the money not being given it!
    I u save for everything by the time u get it it will be out of date in the case of electronics etc.
    I am also a great believer in interest free options when it comes to stereo equipment/furniture etc.
    All u do is put the money in ur savings account so u dont spend it.Its not a difficult idea to grasp.
    I can go and buy whatever i want whenever i want (to a certain degree) and i know as long as i am not stupid about it I can afford to pay for it.
    I also take out protector insurance on ALL borrowing.There are no certainties in the working world any more and I am not into gambling!
    #5
    dirtyvest
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    RE: Apllying for a credit card? 2005/07/30 13:15:50 (permalink)
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    Halifax, 12month interest free on transfers and purchases. 2% carry over transfer fee. That's the wedding and baby debts taken care of...... my bank tried to over me a loan to cover it all, boll-ox to that
    #6
    gripperdog1
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    RE: Apllying for a credit card? 2005/07/30 13:21:12 (permalink)
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    Exactly....sensible finance is excellent if used correctly.
    #7
    PartyBoy
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    RE: Apllying for a credit card? 2005/07/30 14:05:49 (permalink)
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    ORIGINAL: Jason Bourne

    I want to apply for a credit card. However, before I do a couple of questions.

    I have just moved into a new house, been living here for a few months. I am registered on the electoral roll on my previous address, been living there for over 10 years. Will this affect the outcome of the application?


    Should be fine. Make sure you mention your old address also on the application form. You may be asked to provide evidence of your new address such as utility bill etc




    Also, i was just wondering I have stopped working for a short period of time. However, if i have put down my last place of employment as still working there, will they check up? Do they actually ever check up to confirm whether an applicant is working where he says he is working seeing as the decision is automated.



    I very much doubt they will check many from the sheer volume that they get. I've been putting my old employer in for ages now and still keep being accepted by different card issuers.

    #8
    Genics
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    RE: Apllying for a credit card? 2005/07/30 14:07:30 (permalink)
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    id love some more credit cards but i have the credit rating of a zimbabwian bank.

    "He who dies biggest, WINS!"- MonstaDwarf


    #9
    windymill
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    RE: Apllying for a credit card? 2005/07/30 16:11:18 (permalink)
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    My girlfriend just got me to take out a loan to clear my two credit card balances (not a huge amount I must say) and it was shockingly easy to get credit.
    #10
    gripperdog1
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    RE: Apllying for a credit card? 2005/07/30 20:01:13 (permalink)
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    I think u could walk into a bank wearing a dodgey plastic nose/glasses/moustache combo and put on a really bad fake accent and u could still get cash within 10 minutes in the form of a bank loan.
    I borrowed £16000 cash in December last year,it took about 35 mins to actually walk out of the bank with the cash in my hand.
    It only took that long because it was over £15000 and therefore required a deeper credit check.
    If it was under £15K it would have taken a few minutes.
    Once u have a couple of years of good borrowing ie paying back the money on time or better still early,shown u can borrow substantial amounts and repay them and also many small purchases where u pay the balance in full when the first payment slip comes in, u are laughing!
    Be a good boy for 2 years and roberts yer fathers brother!
    Halifax,Virgin,Egg,MBNA are all good bets for a fast track to a high limit if u need it.
    Goldfish were also good for an initial limit of £5000
    #11
    PAGAN
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    RE: Apllying for a credit card? 2005/07/30 20:35:05 (permalink)
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    I got my first credit card as a student at 18 with a £400 limit, I now have a £46,000 secured loan , a £14,000 unsecured loan , 3 credit cards with a combined balance of £8000 and rising. Think long and hard before you get that card mate

    No biggie like, there are a lot worse things for you than using steroids, I mean I probably shouldn't have been smoking crack or getting into bar fights at your age TBH  - drab4

    #12
    kitty
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    RE: Apllying for a credit card? 2005/07/30 21:49:57 (permalink)
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    If you can avoid having a credit card then do so IMO
    #13
    PAGAN
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    RE: Apllying for a credit card? 2005/07/30 21:55:28 (permalink)
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    Just a thought but do you want one of mine ?
    One owner from new
    V fast - it does 0-£1000 in one transaction
    Platinum trim and personalised signature strip

    No biggie like, there are a lot worse things for you than using steroids, I mean I probably shouldn't have been smoking crack or getting into bar fights at your age TBH  - drab4

    #14
    gripperdog1
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    RE: Apllying for a credit card? 2005/07/31 00:52:25 (permalink)
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    ORIGINAL: kitty

    If you can avoid having a credit card then do so IMO


    Thats "out of the ark" thinking IMO.......if u a really stuck for something ur debit card aint gonna help u unless u like overdraft fees (which are hideous!)
    Its very simple really....its not ur money ur are borrowing it and u have to pay it back!
    All these people that go on TV and say "oh its the card companies fault I'm in such bad debt!"
    BOLLOX....its ur own fault not anybody elses!
    Grin and bare the fact u fcuked up and now u have to repay it!
    They are excellent if used properly.
    My dad didnt have a lot of choice but to use one as he brought me up on his own and money was quite tight.
    For him it was a bit of juggling with finances but we would have gone without if he didnt use a credit card.
    There is sensible use and theres being a plum!
    If u know u cant afford the repayments on the card dont buy things on it....... easy!
    If u cant afford a £1500 a month mortgage u dont take it on!
    If u cant afford to buy and run a £60000 porsche u dont buy it!
    Hardly rocket science.
    People cant grasp how simple the concept is.
    The number of people i know that have taken on a low APR card and sorted their finances out within a year is tremendous....yes i know they are making a bit of money out of u but u are also getting a VERY good deal by lowering ur monthly payments etc substantially.
    Its these debt consolidation people that are the conning fcukers!
    I've seen some leaflets stating 47% APR!!!!
    As i have good credit rating i get lots of these leaflets....I had one through the door at christmas with 47% so I circled it and put a note on there saying "U gotta be taking the p1SS" and sent it back to them...LOL
    A guy i worked with b4 had just declared himself bankrupt at 27 years old!
    He borrowed money in the form of loans and drew cash from the credit cards to get p1ssed up etc!THat is credit abuse and he deserves to be blacklisted for his actions.
    I have 14 years of good credit and the bank/credit card companies will bend over backwards to help if i need loans/credit etc.
    If u desperately need that safety net,its in place!I dont abuse it and never have.

    If u lent a friend £500 u would expect it back at an arranged date why should it be any different for a lender like a card issuer/bank.
    Using a card sensibly since i was 18 has let me do a lot of things I couldnt have done if i didnt have it (bought bikes/had holidays/bought home stuff like audio equipment etc)


    Get ur card mate but remember if take the micheal it will bite u in the arris!
    Most issuers dont check details like workplaces,most arent interested coz once u sign that bit of paper u are legally bound to pay ur bills.If u sign it fraudulently thats up to u but take heed of what i said.
    If u decide to stop working for a bit dont rack it up or u will get clobbered for it.Its not a ticket to a big shopping spree for free like some people think.
    REmember that and u'll be fine.
    Electoral rolls dont really mean a lot to card companies anymore,I know people that rent and move every year sometimes every 6 months.They have no probs with credit,all they want to know is are u sensible with money?




    #15
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