How the heck does this work?

[jim1972]

I've got 4 CC debts in dispute, DNs issued & extremely poor credit, etc., but as an experiment I decided to apply to another CC company to see what the response would be.

 

Unbelieveably I've been issued a card. I've signed nothing, activated nothing, nor have I acknowledged the existance of the little plastic doom-bringer.

 

Can someone explain?

[postggj]

What card is this

 

what credit limit have they given

[silverfox1961]

And what's the APR

 

Did you apply online?

[jim1972]

What card is this

 

what credit limit have they given

 

CapitalOne standard, 16.9% APR

[jim1972]

And what's the APR

 

Did you apply online?

 

16.9%, & yes. I've applied for others online since 2008, without any luck at all though.

[postggj]

if you have damaged credit they would give you one at 34.9 % apr

 

when was the last time you checked your credit file

[jim1972]

if you have damaged credit they would give you one at 34.9 % apr

 

when was the last time you checked your credit file

 

Hmm, OK. So if, say I was being mental, signed & sent back the form which says "SIGN HERE IN BLOOD OR SPEWTUM, & SEND BACK TO US WITH YOUR DNA SAMPLE", they may apply a higher rate APR?

 

I've not checked my credit file it since last Summer.

[maroondevo52]

What was the Credit Limit ?

[jim1972]

£750

[sillygirl1]

No I am not tempted, had enough hassle of Capital One thinking I had a card when I didn't..... goodness knows what rubbish will happen if I applied...

 

The interest rate seems quite low, maybe they have wind of changes to the amounts they can charge (39.9% is extortionate comapred to the base rate....)