| Vanquis Credit Card |
 Vanquis has a high acceptance rate for it's applicants. it's seen as a credit repair credit card. Whilst it has a high interest rate, it offers a interest free period for those wanting to pay off the balance each month.
Credit limits usually start at around £250, however once you have a good record of repayments, they often increase this automatically. We agree that applicants should consider the interest rate if you are looking on building up a balance and not paying this off each month, this is a expensive way to lend money (Approx 39%). However this reflects the rick that Vanquis takes with it's customers who are often sub prime borrowers. If you are a person who is struggling to rebuild their credit history, this is the card for you. No annual fee and protection for any purchases you make online, used correctly it is a good card. For people who are solely bothered about their credit history and not borrowing money, it's beneficial to show successful repayments on your file. With this in mind some people take out credit cards and leave a balance of around £10 a month on their account, which they make repayments on each month. This will help your credit file and show other lenders that you have the ability to make successful repayments. If you have an excellent credit record, their are better cards out there for you, this specialises in the sub prime. Instant Decisions are given in around 1 minute. Comments
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