Impulse buys

Lots of searches in a given time period implies lots of applications
for credit, I suppose.

 

That's it.

 

And that is a bad thing how? Surely they can logicaly deduce that
you've not taken up all offers?

--
Catman MIB#14 SKoGA#6 TEAR#4 BOTAFOF#38 Apostle#21
Tyger, Tyger Burning Bright (Remove rust to reply)
Alfa 116 Giulietta 3.0l. Really, Sprint 1.7
Triumph Speed Triple: Black with extra black bits
www.cuore-sportivo.co.uk

 

How? You could be accumulating loans, spending money like water and not
giving a **** or you could be planning to borrow as much as you can from
multiple sources and then disappear.

 

QUite - it's all about scoring, which is not a science.

 

When I applied for my current 0% card[1] I was phoned up by the bank
to say that they also administered the MBNA card that I have. It had
a credit limit of ukp15k and they said that I couldn't increase the
limit, but could split it over the two cards, so that I now have
the new one on ukp10k and the MBNA one on ukp5K.

Anyway, I'm going to apply for my 4th[2] 0% card later today.
I'll report back any credit limit woes.

[1] Alliance & Leicester
[2] Will then have 8 cards in total.

 

I thought the whole point of the credit agencies was to keep track of
how much credit people have, as well as how well they looked after it
etc.

I see that I may have been wrong in this assumption.

--
Catman MIB#14 SKoGA#6 TEAR#4 BOTAFOF#38 Apostle#21
Tyger, Tyger Burning Bright (Remove rust to reply)
Alfa 116 Giulietta 3.0l. Really, Sprint 1.7
Triumph Speed Triple: Black with extra black bits
www.cuore-sportivo.co.uk

 

Well it really wouldn't bother me if the others were taken back,
or even if I could be bothered to send them back. One Visa card
plus a.n.other 0% card does me just fine. The others all sit in
a locked drawer at home.

 

You were wrong. All a credit agency does it record whether you're on
the voters roll, if you have any CCJs against you, and some usage
stats against how often you've been searched.

The scoring process goes on at the actual lender's, and will vary from
lender to lender depending on what segment of the market they're
after.

 

Not the first / last time. Thanks for the info

--
Catman MIB#14 SKoGA#6 TEAR#4 BOTAFOF#38 Apostle#21
Tyger, Tyger Burning Bright (Remove rust to reply)
Alfa 116 Giulietta 3.0l. Really, Sprint 1.7
Triumph Speed Triple: Black with extra black bits
www.cuore-sportivo.co.uk

 

Walked into a bike shop in Maidstone while on my BMW 100RS and came out
with my first FJ1200.

 

100% correct.
Try getting a car on short term finance (ie. 80% deposit 20% over 2
year, buy back £1) when you have been living in a house you built (or
any new house) and between elections. You are not on a voters roll so
you don't exist.

 

With French credit cards you can negotiate the limit with the bank 75K
Euros[1] is possible but with the cards with a chip on you can have an 8
character code word and the limit is then what is in your account.

[1] I needed 30K Euros while I was farting about running a team in
Kourou FG.

 

If you pay them off by direct debit in total each month and go for a
card that gives you a % on what you spend ?Capital 1.8%? It means they
pay you to spend.

 

Well yes but that sort of deal has no attraction for me. I have an odd
approach to money which most people cannot understand. Makes for lots of
frustrated attempts by companies to make me change suppliers, go for the
"best" deal etc etc. I am never interested in such things so the cold
callers are completely exasperated when I say I'm not interested and
they reply "but you *must* be".

I've been saddled with thousands of pounds of credit card in the past
based on spurious spending "needs". I have no desire to ever get back
into that sort of debt - even though I am earning more now than then and
can "afford" to spend more. It's a nice feeling to know that when the
media are screaming about people being up to their necks in debt that
none of the comments apply to me.

 

Cold callers get short shrift from me. If I want to buy something/a
service, I go and find it myself. I don't want monkeys forcing
products at me.

You've mentioned this before, and I'm curious; what happened?

Of course, you are allowed to tell me "bugger off, it's non
of your business"...

That's because you are sensible, innit?

 

oh I just got into a pattern of spending (CDs, books, clothes - all the
normal stuff) that I used credit cards for. Paid off a reasonable sum
each month on each card but never cleared the balance{s}. The interest
mounts up but my spending crept up. The credit limit magically increases
so you have more headroom. Basically it was just financial indiscipline
- if I look at how much use I've made of those purchases it doesn't
really the money paid out. Therefore it was unjustified expenditure. It
was also daft to be paying out a big percentage of my salary just to
finance debts. After the normal essential bills there was not a lot of
discretionary money left and I wasn't saving either.

I think I realised it was daft when I was using my nice M&S chargecard
to pay for groceries and then not paying the balance off. When you end
up paying interest on your food bill I think you have to conclude that
you have lost the plot.

Not really - I was lucky in that I inherited a decent wedge of cash
(Champ will have me hung, drawn and quartered) and decided the absolute
priority was to pay off all the debts and then go and buy a new VFR for
cash as a treat

I've been promoted, kept getting reasonable performance pay awards and
various other adjustments like consolidating the company car allowance
mean my salary is now pretty good. I've constrained my expenditure to
the extent that I spend just over 50% of my salary each 4 weeks. The
only downside is that I think I have forgotten how to spend money to
actually have some fun.

 

Look, just how good looking is this Corfield fellow?

 

Ah, right. Sorry, didn't know the background.

So you did pay a 2.5% cash advance fee then (unless it's a very
unusual credit agreeement).

 

I was an Ogriite but left before it changed to Ixion.
Reg helped me purchase my RGV250 (he kicked the tyres)
when I moved down to London about ten years ago.

As he was the only person I knew who lived in the area at
the time, who was vaguely interesting at least, I spent a
lot of time as spanner holder and unofficial camera-man
(Jan did stopwatch) when he was racing his KR1S.