Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
The book is easy to understand and clearly explains the rights
a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.
thanks to CAG i have a clear credit file, the problem is that its to clear
ccj and defaults are gone as well as all the info from the finance companies, account history etc.
ive applied for a vanquish card and was accepted.
i know what you are going to say, provident etc, but it is my only way of buiding up a credit record and will not be making the same mistake twice ref credit.
i intend to spend £50 per month and settle each month.
what i would like to know from all you unlucky vanquish holders on CAG is
what are all the tricks and cons they like to pull so i can be aware of them in advance
My husband has a Vanquis card as his credit isn't great. He needed a card for expenses with his job and they accepted him without a problem. So far, it's been ok.
The interest rate is appalling, but I think that can be expected in situations where the customer has bad credit. The one BIG thing that you really have to worry about is that they basically take your interest payment out of your available credit each month and you pay it back. Say you only have £10 left on the card and the minimum payment required is £15. They'll take the £15 out of your avail. credit, which means you've gone over by £5. So, since you've gone over, they charge you a penalty of--I think-- £12.
Another thing that's really annoying, and I don't know if this is common amongst all credit cards or not because I've never had one myself, is that my husband often has to book accomondation with his card (not pay for it, just hold the room). And the hotel normally 'pre-authorises' the card to ensure that there's enough funds to pay. However, when there's a pre-auth on the card, it's basically as though you've paid for the room! Say the room was £50 and the hotel pre-auths for that £50. All of a sudden, your £250 available credit is now £200 and it's been known to stay that way for up to 3 days on my husband's card.
Anyways, I hope that helps some. If you are only planning on using £50 a month and settling it, then you shouldn't have any problems as long as you can tolerate the interest rate (my husband's is 49% APR!).
vanquis comments, good and bad
i have a clear credit file, the problem is that its to clear
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