A lot of people are concerned about their Granite card application after submitting the form, because they have bad credit reports. The real reason behind the stress is not hard to guess: to be able to rebuild your credit score, you will need to first have access to credit services, for instance, a \”poor credit\” card. After that, then only you are able to start build your credit score.
Our own investigations and selected interviews with Granite Visa card users and prospects convinced us to state this fact: the majority of applicants are approved swiftly, regardless how ugly their credit histories are. One example is, we spoke to people who are approved despite the fact that they have a few pending CCJ\’s (County Court Judgments) on record. Besides, in some cases, those who are just cleared from personal bankruptcy are approved also. Does this indicates that Vanquis will probably just give the approval to just anyone?
The answer to that question is of course \”No\”, although the numbers tell us that only a small percentage of applications are turned down.
If you are still worried about being refused, that should never, ever prevent you from trying. To tell you the truth, if you think that you are determined about repairing your credit, make sure you place the application as the first priority. The reason is, with no credit cards, there is no way you can start to repair credit histories.
Have you ever sent applications for your own Granite card? If no, we have some fantastic news: true, most people are approved even though they are stuck with really bad credit, you can still do something to improve possibilities of being accepted. Other than that, you may get better terms from Vanquis Bank – for example a lower interests rate and increased credit limit.
Well, fascinated? These are what you could do.
For starters, exercise your voting rights, put your name down on the electoral roll, and ensure that your electoral roll\’s address matches the address you requested the card. This is a method of informing Vanquis that you are not \”fake\”, since banks are often worried about people \”disappearing\” to escape from personal debt obligations. Signing up on the electoral roll helps you to reduce the banks\’ concerns.
After that, get your credit report from the large credit bureaus, like Experian and CallCredit. What you are trying to do is to check the reports, and attempt to find out if any of the following are there:
1) Did somebody \”stole\” your identity to borrow money
2) If there are any unpaid CCJ\’s, check if you can repay them to get a letter of satisfaction.
If you\’re able to repay your CCJ\’s by cash or cheque, we advise that you do it, so that you will be cease paying for increasingly large interests.
Most of the time, it is worth the effort to use a professional credit card debt negotiator\’s service – with the right person doing the job on your behalf, you usually get the best deals which you can\’t get if you do it alone.
Haven\’t get started with applying for the credit building card – the Granite? Find out how the Granite card can help you rebuild your credit in this post.
Will your Granite card application be approved? Discover the truth
Read More Here... Will your Granite card application be approved? Discover the truth
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