Omega Owners Forum

Chat Area => General Discussion Area => Topic started by: Martin_1962 on 09 April 2008, 14:16:56

Title: Credit cards for bad history people
Post by: Martin_1962 on 09 April 2008, 14:16:56
As part of rebuilding my credit history, I want to get a credit card just for the nice bits in credit reports.

I have had a default against me (now paid off) - but one of the quickest ways of rebuilding history is to buy say one food shop a month then pay it off as quickly as possible.

Any of the financial experts on here have ideas on which companies to approach?

Credit limit under £100 not bothering me, 40% interest don't care.
Title: Re: Credit cards for bad history people
Post by: Markie on 09 April 2008, 14:22:03
...probably someone like Capital one if your paying almost immediatley and not concerned about low limits....

Havent used them myself though so not sure how service is.
Title: Re: Credit cards for bad history people
Post by: HolyCount on 09 April 2008, 14:30:55
Yep -- Capital One is likely to be your best bet --- I think the interest they charge is based on the risk you represent !!!!
Title: Re: Credit cards for bad history people
Post by: JonArgraig on 09 April 2008, 14:34:02
If capital one wont take you there is another card from provident, there have 40% + and will take on just about any one, think its the Vanquis card
Title: Re: Credit cards for bad history people
Post by: Marks DTM Calib on 09 April 2008, 14:54:32
Quote
...probably someone like Capital one if your paying almost immediatley and not concerned about low limits....

Havent used them myself though so not sure how service is.


There service was excellent however, they announced massive redundancies in the Uk yesterday as they move the customer support off shore.
Title: Re: Credit cards for bad history people
Post by: Markie on 09 April 2008, 14:56:13
Quote
Quote
...probably someone like Capital one if your paying almost immediatley and not concerned about low limits....

Havent used them myself though so not sure how service is.


There service was excellent however, they announced massive redundancies in the Uk yesterday as they move the customer support off shore.


Oh dear - arent they based around your way - or should i say werent they... :(
Title: Re: Credit cards for bad history people
Post by: Marks DTM Calib on 09 April 2008, 15:09:43
Quote
Quote
Quote
...probably someone like Capital one if your paying almost immediatley and not concerned about low limits....

Havent used them myself though so not sure how service is.


There service was excellent however, they announced massive redundancies in the Uk yesterday as they move the customer support off shore.


Oh dear - arent they based around your way - or should i say werent they... :(


Yep, Nottingham is not faring to well.

Ericsson, 130+ jobs to go - site closure
Experian, 100+ jobs to go
Capital One, 150+ jobs to go

Title: Re: Credit cards for bad history people
Post by: theowletman on 09 April 2008, 15:46:14
Quote
As part of rebuilding my credit history, I want to get a credit card just for the nice bits in credit reports.

I have had a default against me (now paid off) - but one of the quickest ways of rebuilding history is to buy say one food shop a month then pay it off as quickly as possible.

Any of the financial experts on here have ideas on which companies to approach?

Credit limit under £100 not bothering me, 40% interest don't care.
There are a few, Vanquis, Virgin and Capital One. If you pay off every month the interest shouldn't bother you. I have a Cap one with £500 limit, can't get in too deep and its handy to have sometimes. Discipline is the key, whatever that is !! Also helps if you pay your utilities, council tax etc on time.
Title: Re: Credit cards for bad history people
Post by: bertiecbx550 on 09 April 2008, 17:08:29
why not get one of those pre-pay cards?? you can only spend what you put on it?? i`m thinking of one for the usa later in the year... :-/
Title: Re: Credit cards for bad history people
Post by: Kevin Wood on 09 April 2008, 17:14:30
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why not get one of those pre-pay cards?? you can only spend what you put on it?? i`m thinking of one for the usa later in the year... :-/

It probably wouldn't contribute to building a credit history though. :-/

Kevin
Title: Re: Credit cards for bad history people
Post by: Martin_1962 on 09 April 2008, 18:51:00
Quote
why not get one of those pre-pay cards?? you can only spend what you put on it?? i`m thinking of one for the usa later in the year... :-/


They are very expensive and don't build up so well