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Scottish Trust Deed Forum
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Topic starter
22/02/2012 4:55 pm
I thought I'd have a go at applying for the big 3 of sub prime. Capital One and Aqua said no but Vanquis said yes. Was utterly shocked. That's me got a mobile contract and a card with a low limit on it. So starts the track to financial normality. Fingers crossed I'll be able to get a current account in the future.
Nothing left to discharge - everything's done and dusted!
22/02/2012 5:08 pm
Good for you Gillian and thank you for sharing the information.
A few people have written here over the years that Vanquis have been prepared to offer them low-limit credit cards very soon after discharge from their trust deeds.
I'd imagine the interest rate is pretty unpleasant?
Not a problem if you make the full payment on time every month though.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
22/02/2012 5:58 pm
It's 39.9%. Not as bad as it could have been and they gave me a £500 limit. At least I know I can clear that in a month. The plan is to use it for petrol and pay it off on pay day.
Nothing left to discharge - everything's done and dusted!
23/02/2012 3:04 pm
'That's great' seems an odd way to look at huge interest rates but it's metter than pay day loans and used short term the interest rates won't be a problem.
Thanks for sharing!
23/02/2012 3:36 pm
The interest should never be added if you are careful and pay it off on time.
I may apply for one but really not than keen!!
May just wait 6 months then see how I feel about it. And see if the credit rating is on the up.
Paul
Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.
