Advantages: Gives credit to those who wouldn't otherwise get it. Disadvantages: Very high interest, terrible customer service.
A couple of months ago we made the mistake of getting a creditcard "for emergencies", it was meant to be...but as always happens, it was used when it wasn't necessary (mainly by my husband!!!!).
Vanquis Bank are a company who offers credit to people with a bad credit history (i.e. CCJs, missed payments etc and just no credit history). Anybody who has ever tried to get credit for the first time will know its sometimes very difficult, if you have never had any kind of credit given to you, companies won't take you on, as they don't know if your a risk or not...and so Vanquis offer a "credit score boosting card"...basically they give a creditcard with £300 limit on it to people who have never before had a creditcard and probably don't know how to use them correctly. (Before you start...I'm not calling everyone with no credit history ...
Advantages: Convenient, Accessible to those with poor credit rating Disadvantages: High interest rate and heavy debt collecting if you default
I have been unfortunate in my life to accumulate a number of creditcard and loan debts. I have been struggling to pay these for the last four years, although I have now reached a point where things are getting much easier to handle, and the total value of my debt has decreased significantly.
When I realised there was a problem, all my creditcards were cut up and returned to the respective creditors. However, this of course left me without a creditcard. Initially, this didnt seem to be a problem, as quite frankly I had had enough of them! However, when my bank decided to withdraw my debit card as well, things took a turn for the worse.
In this day and age it is increasingly difficult to be without either a debit or creditcard.
Because of this, I have tried continuously over the last couple of years to apply for both credit ...
TheHairyGodmother 15.04.2006 (17.03.2007)
· Read full review
Ciao members have rated this review on average: very helpful Review of Vanquis Credit Card
Advantages: Lower interest rates than other credit cards, stylish choice of card designs, widely used Disadvantages: Minimum payment of £25 is quite high. Additional charges can be costly, alot of additional post.
to use it, thinking that one purchase might lead to another and so on. I decided to give customer services a ring to lower my credit limit to £200. This made sure I wouldn't be tempted to go over the top and flash the plastic.
Having owed £100 on a Visa card, I transferred this across to my new Virgin creditcard. On the Virgin Money website it says card transfers are free of charge but however I found this not to be the case as my account had a £3 Virgin fee applied to it for the transfer.
My Barclaycard was about 27% APR a year and I thought I'd save money transferring to my Virgin card which is about 16.8% so over the next 4 or 5 months I would be paying less interest. I found this to be the case and on a balance of £100, I would only have to pay around £1 on interest a month, compared to the £2 interest a month on the Barclaycard ...
Product Information for "Xircom CreditCard Ethernet 10/100BC + Modem 56" »
Modem
Interface Type
PC Memory Card
Connectivity Technology
Wired
Max Transfer Rate
56 Kbps
Transmission Mode
Full-duplex
56K Technology
K56Flex, V.90
Protocols & Specifications
ITU V.21, ITU V.22, ITU V.22bis, ITU V.29, ITU V.32, ITU V.32bis, ITU V.90, ITU V.17, ITU V.23, ITU V.27ter, k56Flex , Hayes AT command set
Error Correction Protocol
MNP-4, ITU V.42, MNP-2, MNP-3
Data Compression Protocol
MNP-5, ITU V.42bis
Fax Compatibility
G3
Max Fax Transfer Rate
14.4 Kbps
Cellular Enhancement Protocol
GSM, AMPS
Manufacturer's product description
The CreditCard Ethernet 10/100+Modem 56 is the ideal multi-function solution for portable PC users. It combines a 10/100Mbps Ethernet adapter and high-speed 56K modem in a single PC Card that can be used worldwide. This multifunction PC Card offers seamless operation on 10Mbps and 100Mbps networks, modem speeds up to 56Kbps. AMPS cellular and GSM capabilities, as well as GlobalACCESS features for easy connections worldwide. It provides the fastest connections available when accessing information from corporate networks, the Internet and other online resources.
Related tags for Xircom CreditCard Ethernet 10/100BC + Modem 56 »
