Soft Credit Check??

[obiter dictum]

Now that i have a clean credit record being inundated with offers for credit cards etc through the post and email. I have no interest in taking up any offers but they all say:

 

Be 100% certin you will be accepted before you apply

 

This is through a "Soft cedit check" that will not be recorded as a search

 

So what exactly do they see on my credit file with a soft search compared to a full credit check that will be recorded?

[obiter dictum]

Just an upate on this::

 

I currently have a Vanquis card, have had it for three years. Started off with a £250 credit limit which now stands at £2500 for which i pay off in full each month. The only probem with Vanquis is their eye watering 59.9% APR which they will not change

 

I have just done this online soft credit check application with Capital One. I was accepted then transfered to full credit check mode. That came back as accepted with a credit limit of £2000 for their Balance plus card with a 19.9% APR.

 

Having built up a good relationship over the last few years with Vanquis it is now time to part company. It is now hello Capital One simply due to the greed of Vanquis. Seems customer loyalty means nothing to them.

[maroondevo52]

 

That came back as accepted with a credit limit of £2000 for their Balance plus card with a 19.9% APR.

 

 

My Cap 1 cards a Mastercard, interest at 30% which isn't great. Like you I started with a £250 credit limit but paid the card off each month.

Limits now up to £4,450. They seem to increase it every 8 months.

[obiter dictum]

Now i am with Capital One i can if i wish spread any payments instead of paying the full balance each month. 19.9% APR is a hell of a lot better than Vanquis 59.9%. Argos store card is only 30% APR

 

Do not get me wrong, Vanquis has been good to me where others would not give me a credit card. It did exactly what it stated on the tin. That is positive credit markers each month with the credit agencies as a credit rebuilding tool

[maroondevo52]

Yes my credit history was trashed a few years ago and I went with Barclaycard and Capital One with limits of £200 and £250, I've ran the cards in the proper manner and the limits are now a lot healthier and my credit ratings without a doubt a lot better than it was.

[obiter dictum]

Just updating and i am quite impressed with Capital 1

 

Applied for the card and was accepted on Saturday, Monday beng a Bank Holiday. Today i get my Pin number in the post and an email stating my Direct Debt has been set up. Card due to be delivered Tomorrow or Friday

 

They do not hang about

 

This Soft credit check is not a bad thing to confirm acceptance as a hard check has now been recorded on my credit file

[obiter dictum]

Just bringing this thread to a close.

 

Capital 1 Card received this morning. That is exactly 7 days after i made the application including the bank holiday. Direct Debt, Online account management and PIN all received.

 

This soft credit check service for any credit application is not bad. It is highly recommend to everyone as it does not leave a hard footprint on your credit file incase you are declined.

 

And i can now ditch Vanquis and pay less than half the APR i am currently paying

[liverpoolluke]

I think if you use a website called fluid they do a soft check for you and see what cards you can apply for, there's also a section in clear score that shows your percentage change of what card you will get if you apply

 

To keep an eye on your credit report I can suggest

 

1 Noddle Free all the time (with aqua card you do get extra benefits)

 

2 Clearscore free all the time

 

3 Barclaycard now offer your exprian credit score for free on the android app on your phone

[maroondevo52]

My Cap 1 cards a Mastercard, interest at 30% which isn't great. Like you I started with a £250 credit limit but paid the card off each month.

Limits now up to £4,450. They seem to increase it every 8 months.

 

Limits not £4,450 it's £2,450.

 

Regarding Barclaycard free Experian credit score, the score's the only thing you get and it's updated every 60 days.

[obiter dictum]

After earlier singing the praises of Vanquis for which i now retract that.

Decided to go to Capital 1 as vanquis has done its job with elevating my credit rating.

 

Had a small balance outstanding of £160 so decided to do a Balance Transfer of £160 from my new capital 1 card. I need a new fridge freezer so i thought i would take advantage of the 0% balance Transfer.

 

Payment made last week by Capital 1 for which Vanquis are now telling me it takes on average 10 days to credit to my account even though transfer made bank to bank. This is unacceptable to gain a few more days interest out out you. I changed cards because Vanquis would not lower my APR of 59.9% and now this.

 

The way they treat loyal customers leaves a very bad taste in the mouth and i am better off out.

Edited June 13, 2016 by obiter dictum

[Old Cogger]

report Vanquis in this matter, I spoke to regulator and they said you need to make it official complaint for them to take it up/

[obiter dictum]

What a surprise, not

 

Just received an email From Vanquis Raising my Credit limit from 2.5 k to 3 k starting in 4 weeks .

 

To late i have already cut up my card