pslewis

Refused a Shop Credit Card!!

Lady at the till asked if I would like a card, get 10% off my purchase? I said, how long will it take? 10 minutes she said ............. well I had an expensive item so 10 minutes for £££££££s was a reasonable rate of return.

Went through the blurb .......... DING - REFUSED A CARD!!! WTF?

Bit concerned now Got the wife to put her name in as the applicant ... DING - REFUSED!!

So, it must be the address rather than the person ....... what the hell has happened there then? Spooked me up a bit as I have no debts. You don't think CURRYS have black-balled me do you?

I did tell my Credit Card to put the CURRYS amount in 'DISPUTE' on the account - could that be it? Surely not!?

Matteeboy

Sorry Mr Lewis, you are now sub prime.



Only joking. Sounds annoying and I bet it is Currys.

LanCat

Time for an equifax check...

PeteBrant

Yup go to equifax and experian et al and make sure you haven't got a record that you shouldn't have.

OllyK

I had this with Halifax, checked my credit rating, got back the rating for all occupants of the house, everything was huncky dory, credit cards all paid off in full every month etc., guess they realised they weren't going to get a penny out of me and so declined.

pslewis

It could simply be because I do clear my CCs each and every month and I said I don't want their Insurance?

They would get nowt out of me, ever ........ so, maybe it's just that simple?

I may apply for a CC online and see if there is any issue there (rather than paying to get a credit check for myself?)

OllyK

No reason for it to cost, 30 day free trials are available
https://www.creditexpert.co.uk/order...eVersionID=487

David Lock

Was it a fashion shop? They can be fairly fussy about their customers

pslewis

Yeah, heard about these before .... they want your bank details and then hit your account whether you cancel or not!

pslewis

Debenhams .............................. ooooooooooooooooooohhhhhh, the shame

what would scooby do

They are actually quite good, you can cancel anytime after the first month IRC.

Clarebabes

Happens to me alot. They don't like me

Snazy

Mate has just moved house and gone from a 999 perfect to a 666 poor in one swoop!

what would scooby do

I was told quite categorically that your address has no bearing on rating

pslewis

Never, ever, happened to me ...... if I am being denied credit then the country as a whole is in dire straights ................... I'm about as good a risk as you can get!

Not profitable, but risk-free!

Clarebabes

Surely in today's hi-tech society they'd sort it out so it's to do with the individual rather than their address

Clarebabes

Yeah, but they don't get anything out of you. Not worth the paperwork, are you?

pslewis

Well, both my wife and I were denied ..... so it must be either the address or the fact that we would not make them any money.

dpb

well thats a no-brainer then

LanCat

All CC companies are tightening up their criteria for handing out cards compared with a year ago.

Spend the £12 with equifax and find out the story, if it is Currys then you'll have some more ammunition.

Making further applications online which may end up being declined for the same reason certainly won't help your credit rating.

Snazy

Sadly NOT the case. Moving house wipes your history so to speak. Not entirely sure why if you only move once, but seems to be the case. Especially if you move to an address with a poor history.

pslewis

£12??

I thought it was £2 each to the two Credit Companies??

Making another application for a CC will show whether I need worry or not - need to find a CC to apply for now.

gazza-uk

I was declined for the very same offer at the same store (debs)

never been refused before, found this very strange and embarassing.

wonder if everybody is declined any nobody has ever noticed.

pslewis

Did you say NO to the Insurance?

fast bloke

Don't worry Pete - There are basically a pile of companies out there who can no longer raise any cash to lend on credit cards, loans and mortgages. Now if you apply for a card you will be refused if they can find any reason, or given a credit limit of £100.00 if they can't find a reason to decline you. As far as I know, Debenhams credit is managed by GE Money, which is really GE Capital, which is the biggest "non-bank" in the world. Their business model makes NR look like a safe bet.

gazza-uk

of course, as i pointed out to them, if I die I won't give a **** who I owe money to.

Attu

My Wife was declined in exactly the same store a few weeks ago, no real reason for it either ? Just a though but she also declined their card insurance ...hmmmm I wonder if they are just trying to get people to sign up for the insurance ?

Playsatan

iTrader: (2)

As above, if you opted out of their insurance they will be more likely to refuse credit.

A similar thing happened to me when applying for a car loan although it was not a refusal. Right up to the point I said I wouldn't need their insurance I was getting their "typical" advertised rate, afterwards the apr shot up. I would have been cheaper to take the insurance. Bloody con if you ask me.

fast bloke

No - They have no money - It wouldn't matter if you accepted insurance.... If they approve the card and give you 500 quid credit limit, you spend the 500 quid, they have to pay it out. They don't have money to do this, so they need to ensure that you can't spend the money. They also supply cash for a couple of supermarket visa card companies. I recently had a Visa credit limit cut from £15,000.00 to £100.00. I called to ask then the reason and they said I no longer met their credit scoring criteria. I knew what was going on, but wrote to them to ask them for an explanation. Apparently I now had a low credit score as I moved house 18 months ago. This is a perfectly reasonable explanation except I only applied for the card and was given the credit limit 12 months ago. So basically they don't want me to go and blow 15k, as they can't borrow the 15k at any rate to pay the company where I spend the money

Ray_li

i got refused a CC so I called equifax for a credit check which one cost a few quid.

Turns out i had a Virgin CC that i've never used since applying for it (kept for emergencies) because i didnt used the cc it was still clased as pending