Does business care too much about it's bottom line and not enough about YOU? - HotUKDeals
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Does business care too much about it's bottom line and not enough about YOU?

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It became apparant to me yesterday that this is the case. I applied for another debit card (I currently have the useless, kiddish Electron card). I was credit scored and promptly turned down for it.… Read More
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9y, 11m agoPosted 9 years, 11 months ago
It became apparant to me yesterday that this is the case. I applied for another debit card (I currently have the useless, kiddish Electron card). I was credit scored and promptly turned down for it. WTF do they need to credit score me when all I want to do is use my own money in the most effective way I can??? :x
I don't want no overdraft and I don't want their effing money! I just want to use MY money in a way I feel fit. I have 12 years history at my bank and have only received one fine in 12 years. But they still treat me like a muppet.
I then applied for a new bank account at the A&L. I realised that the Woolwich didn't deserve my custom. They credit scored me and turned me down. WTF do they need to credit score me for a poxy current account??? :x
I always pay my bills, when they need to be paid. I am the most upstanding person you could ever hope to meet. My crime is that I am unemployed. That is it. Nothing more. It is apparant to me that big business doesn't give a crap about anyone other than those they can make money from. If you just want a functional service for your own benefit, they send you off with a flea in your ear. They wouldn't have credit scored me if I had wanted to make a purchase of an insurance policy would they? :roll:
If they are gonna use me as a pawn, why shouldnt I treat them in exactly the same way? I'm fed up with living in a godforsaken world that cares about nothing other than it's own self-interest. I am going to start thinking about myself a lot more in the future. When in Rome, do what the Romans do :whistling:
I say we should all start doing to others as they do unto you.
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9y, 11m agoPosted 9 years, 11 months ago
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#1
sorry I have no usful advice but can compleatly empathise. We can't move our morgage because I choose to stay at home and look after our son, regardless of the fact we pay more than we have to each month
this simile might be usful in future http://i172.photobucket.com/albums/w18/jennybubs/smilies/rant.gif
#2
Im afraid all businesses care more about their bottom line than they do customers. After all, what use are customers if you cant make any money? Just the way the world works.
#3
Scribbles
My crime is that I am unemployed. That is it. Nothing more.


Just re-read your post. Hate to be the bad cop but why would they want to give you an easier way of spending money when you have no regular income?
#4
You realise of course that the very fact you've been turned down by Woolwich (or Barclays as they are now) counts against you in future and is probably why A&L turned you down (although that fine wont have helped your credit rating any). I suggest trying a building society (Nationwide say) but make sure you see someone and explain your situation first before applying for anything, they can put special conditions on accounts that mean they're more likely to let you have one but might make fines etc. steeper.

Also I know it sounds insane but getting a credit card (easier than it sounds, even with a dodgy credit score: I'm surprised they don't give them out on cereal packets these days, lol) and getting into some debt (so long as you can and do pay it off) would actually help your credit rating. - madness I know but that's how it works.
#5
So your advising someone to get into debt for the sake of a credit rating?

If you really want a credit card, Try Capital one, They will let anyone through although will spam you with tons of letters telling you its worth getting into debt because they have a fixed 20% APR (Well not quite that much but its a lot!)
#6
It's not really debt if you can pay it off, hence emphasis on the being able to pay it off! You should never get into debt if you can't pay it off.

Like I said it sounds insane but unless you've actually been in debt (credit card etc.) then your credit rating will be terrible. That's just the way it works, if you want anything from them then they need to know about you and if you're able to pay off what they give you, you only get that by owing them and paying it off.

I'd suggest the first port of call should be a building society (no shareholders to keep happy) - the credit card would be a last resort only - although it would get around the initial problem of being stuck with just an electron.
#7
Iom-RF
So your advising someone to get into debt for the sake of a credit rating?

If you really want a credit card, Try Capital one, They will let anyone through although will spam you with tons of letters telling you its worth getting into debt because they have a fixed 20% APR (Well not quite that much but its a lot!)


I have a Halifax/Amazon credit card. Yet the Woolwich won't give me a poxy Delta card! Go figure?
I pay the min or more every month on my CC. That fine I spoke about must be 6 years ago. Fine = not having funds to cover a direct debit. Accident. Nothing more. I even have a £100 overdraft facility at the Woolwich which I never deliverately use, and always gets payed off a few days later when I do inadvertantly go £20 or so into it.
I blame the credit scoring society we live in. I could win the lottery, and still get turned down for credit. That is the mad way it works.
The Nationwide is my next option. I joined the Woolwich when it was a Building Society and i'll now move on I think. I begrudge giving my custom to an institution that will gladly take my money, but not give me the benefit of the doubt after twelve years just because Experion tell them not to :x
I certainly am not interested in lining Barclays coffers.
#8
Have you requested a copy of your credit record (costs about £2.50 from Experian). This may clear up the reason for the bank turning you down for an account. The Woolwich and A&L should have given details why they refused your application.


Just for info Experian do not give lending decisions, they provide the information contained in your credit history in black and white to the companies who then make their decisions according to their specific lending criteria.

http://www.creditexpert.co.uk/ if you register you can check your credit report for free (just make sure you cancel before the 30 days free trial ends)

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