If you have a bad credit rating in London can other banks find out and will this keep you from getting a debit card?
It could affect you negatively.
Your credit rating is not checked for your migration application so it will not affect you getting your visa. However it may affect your credit rating in Australia as some banks carry this over and may affect getting a mortgage. If the debt is large there is every reason to suspect that they will track you down - paying off a £ debt on an $AUD income can be hard.
Payday loans are offered by London Mutual Credit Union, Wonga, Glasgow Credit Union, and several other banks. The difference between the banks is the interest rate. London Mutual Credit Union offers a much lower rate than Wonga. With payday loans becoming more popular in the UK, many banks are advertising their rates to stay competitive.
One can still get unsecured loans with bad credit. However, the lenders will lay down some conditions, and one will be charged very high interest rates. Poor Credit Finance, Uswitch, and other websites can help one with getting unsecured loans with bad credit. One should also visit local banks to ask about getting an unsecured loan.
Banks etc are in the business of providing services. There is a separate industry used by banks and other business regarding the credit worthiness/history of individual customers. This industry is called a Credit Rating Service and the companies providing this service (all round the world) gather history relating to the debt load, payment history, Court judgements, bankruptcy etc. of individuals. Banks and other business dealing with individuals will then purchase information about individuals from these…
What big name banks offer home loans to people with bad credit and what are the interest rates and terms like?
Hard money lenders will not effect your credit rating in one way or another. They are not a financial institution like the banks so the Government does not back the lending so they can not effect your credit rating. The hard money lenders are for the higher risk catagories of leanders to enable them to secure a loan.
Steven Finlay has written: 'Credit scoring, response modelling and insurance rating' -- subject(s): Credit analysis, Forecasting, Consumer behavior, Consumer credit 'Credit scoring, response modeling, and insurance rating' -- subject(s): Forecasting, BUSINESS & ECONOMICS / Statistics, BUSINESS & ECONOMICS / Finance, BUSINESS & ECONOMICS / Banks & Banking, COMPUTERS / Data Processing, Consumer behavior, Consumer credit, Credit analysis, BUSINESS & ECONOMICS / Consumer Behavior 'The management of consumer credit' -- subject(s): Management, Consumer credit
Many different banks offer unsecured credit cards for people with bad credit. An example would be the Capital One Classic Platinum card, which can be ordered by people with a credit score as low as 577. Another option is to apply for a secured credit card, which can later be converted to an unsecured credit card.
No, there is no way to check if your name is blacklisted at a given financial institutions as there is no such thing as blacklisting in the banking business. Rather, most banks keep detailed records of how customers perform, especially those whom do not pay, making the bank either (1) go after the individual for payment or (2) write-off the loan. If a customer has defaulted in the past, the bank is unlikely to grant…
Is hsbc a good credit card provider they are telling me they have to run my credit to get a limit increase is this normal I have had the card for 7 months never late payment never went over limit?
Banks and money lenders use credit companies to 'guess' your credit rating and your ability to repay any money advanced. If you have never taken out a loan or borrowed money your credit rating will be low. Most large companies, such as HSBC, are reputable. That does not mean you cannot get a better deal elsewhere
Hi, I know it is not easy getting your own credit card.. butfortunatley I got one for myself through Credit Nation, the online market place where you can compare loans, interest rates offered by various banks.. I never thought getting a credit card would be so easy.. Really, I want to thank credit nation for their services..
No, debit cards have absolutely no relation to credit cards other than that they may be used at locations that accept various credit cards. However, having bad debits are kind of like bounced checks and can affect your rating by credit bureaus and Chexsystems; which banks use to determine whether or not to extend accounts to people.