written by Mills280 on 09/01/2016
Vanquis advertise they are good for improving credit rating but they don't. They say they assess your account and other factors every 5 months and your credit limit may rise. I earn about £40000 a year and have zero debt and own my own home. They gave me £1000 limit and experian drop my credit rating as I have this low limit. I did have defaults registered against me about 5 years ago but this must mean I will never be credit worthy again in Vanquis eyes. I have had my credit card with them for a year now and my limit is still £1000. Don't get me wrong I dont need credit, but I would not recommend Vanquis to improve your credit rating.
As rated by our community of reviewers