Have you been Turned down for a Credit Card from another issuer after getting a Vanquis card ?

[MARTIN3030]

It has come to our notice that Vanquis or its referral agents are making statements to the effect that having a Vanquis card can build your credit score/improve credit lending possibilities.

 

It is well established that Vanquis (Provident group) are lenders to borrowers who have had poor credit histories or have been turned down from the mainstream card issuers.

 

We think that this is miss leading.

 

If you currently have (or have had) a Vanquis card and gone on to apply for a Credit Card from another established card issuer,please post below including;

 

1.When you took out your Vanquis card/the original limit and any credit increases ?

 

2.When you applied to another issuer and which one ?

 

3.Whether you were accepted or rejected ?

 

4.Whether you had maintained repayments on your Vanquis card as due,and had managed the card responsibly ?

 

5.Any other info you think may be relevant to post in response to the thread title ?

[assisted blonde]

Had a vanquis card for approx 6 years, original limit 250 but increased to 3k within 18months, applied to HSBC last year, accepted, credit limit 5k. Always paid more than minimum to vanquis, no problems at all, applied originally as had a bad credit history due to a failed business,Vanquis are as good or bad as any other card, interest may be high but if you pay it off it makes no difference.

[MARTIN3030]

Thanks thats interesting.

I can well imagine that if you get up to 3k credit limit then there has to have been good management,so can see it would be a good marker for a mainstream CC issuer.

[assisted blonde]

I think that 3k is the highest they lend as I seem to remember reading it somewhere, also got to say my card was stolen and the thieves managed to get 200 cash out but Vanquis credited the money back to me within a short period of time and i didnt pay any penalty charges so i can only say they have been a good company for me.

[Old Cogger]

Vanquis are pushing rates up to over 40% soon

[assisted blonde]

Companies that lend to risky borrowers always charge higher interest rates, its like cheque cashing shops, pay them 100.00 but only get 88.00 to spend, but if you pay back more than the minimum repayment on the cc it dosnt cost so much and Vanquis as with all cards do have different rates, all a bit higher than average though.

[mumsurfer]

:-xHi I have a vanquis credit card. credit limit £500. I have had this card for over 2 years now. Promises of increased credit after 4 months are not true. I have never had an increase. I always pay more than the minimum amount each month. However have found that interest added takes me over my credit limit so i'm charged for this. Just had a letter saying they are increasing my interest rate to 41.2% for purchases. expensive card, failed promises and charges for going over credit limit on interest charges not purchases are painful

[dx100uk]

get reclaiming then!

 

dx