credit card company calling me at work

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Blondie X

24-12-2016

Originally Posted by MTUK1:
“You've had your eyes closed when looking at credit application forms then. Once again,and this is getting tedious, not every person has their employment checked. But as I said, not putting your work number down means you get fewer points for your application.”

No I really haven't. I've worked in the financial industry since I was 18 and I'm now in a fairly senior position and I say you are completely wrong. It makes not a jot of difference and no reputable company would call an employer to check if someone works there.
Maybe you're talking about lower tier companies offer credit to those with a poor history but what you are describing isn't true of reputable banks.
And as I said I've applied for plenty of credit in my time, never been declined and never put my work number down

MTUK1

24-12-2016

Originally Posted by Blondie X:
“No I really haven't. I've worked in the financial industry since I was 18 and I'm now in a fairly senior position and I say you are completely wrong. It makes not a jot of difference and no reputable company would call an employer to check if someone works there.
Maybe you're talking about lower tier companies offer credit to those with a poor history but what you are describing isn't true of reputable banks.
And as I said I've applied for plenty of credit in my time, never been declined and never put my work number down”

And what type of area of finance do you work in? In my experience as a senior person in finance myself, and I say this with no disrespect, most senior people don't have a clue about the processses involved in lots of areas.

There's a thread about it here: http://forums.moneysavingexpert.com/....php?t=2946730

From 2010, but still relevant.

NeverEnough

24-12-2016

Why don't you pay the bill? I suspect that the harassment will then stop

starry_rune

24-12-2016

Originally Posted by NeverEnough:
“Why don't you pay the bill? I suspect that the harassment will then stop ”

I am going to let the card default. They will pass on my debt to a collection agency + fees and then I can start paying it back. Its got out of control because of the interest. When I first got the card it was a £500 limit but they kept putting the limit up without my consent, and because its a Vanquis card, the interest is ridiculous.

Yes, it'll affect my credit rating for 6 / 7 years - but - if I try to pay the card back on my salary at their high interest rates I'll be paying it off for about 40 years. I intend to not get credit in the future or keep it to a minimum. After about March my Very account will be paid off, and payday loans all paid back.

I know it wasn't the most sensible thing I've done, but I accumulated debt when I was thrown out of my family home for being gay, and unemployed for 2 months. I then became depressed, and buried my head in the sand, thinking because I had work I'd be able to pay it all back. Not a mistake I intend to make again, and I feel this is the best plan for me to pay it back, without having to get into more debt. I've applied for a couple of loans for £5000 but been refused (Would have used the loan to pay back the card then simply paid the loan in the monthly instalments)

kmusgrave

24-12-2016

Originally Posted by starry_rune:
“When I first got the card it was a £500 limit but they kept putting the limit up without my consent, and because its a Vanquis card, the interest is ridiculous. ”

You do realise the credit limit is a limit, and not a target?

Mark39London

24-12-2016

Originally Posted by starry_rune:
“I am going to let the card default. They will pass on my debt to a collection agency + fees and then I can start paying it back. Its got out of control because of the interest. When I first got the card it was a £500 limit but they kept putting the limit up without my consent, and because its a Vanquis card, the interest is ridiculous.

Yes, it'll affect my credit rating for 6 / 7 years - but - if I try to pay the card back on my salary at their high interest rates I'll be paying it off for about 40 years. I intend to not get credit in the future or keep it to a minimum. After about March my Very account will be paid off, and payday loans all paid back.

I know it wasn't the most sensible thing I've done, but I accumulated debt when I was thrown out of my family home for being gay, and unemployed for 2 months. I then became depressed, and buried my head in the sand, thinking because I had work I'd be able to pay it all back. Not a mistake I intend to make again, and I feel this is the best plan for me to pay it back, without having to get into more debt. I've applied for a couple of loans for £5000 but been refused (Would have used the loan to pay back the card then simply paid the loan in the monthly instalments)”

I think you have broken your own record by ticking ☑ every possible bait opportunity in one go here. Happy Christmas and well done

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