An Instant Decision on Credit. Does it exist?
If you need credit quickly you are probably looking for instant decision credit cards or instant approval credit cards. Well the truth is that there is no such thing as a ‘instant decision’ for credit. At Vanquis Bank once you have completed a fast and simple application form we can give you a quick response as to whether or not you are eligible to be accepted. However, we will need to contact you to verify details and conduct the ‘welcome call’ but provided we can get to speak with you, you could have access to cash within days.
Vanquis Visa is a credit card accepted in thousands of stores and online in the UK and across the World. Vanquis will consider also applications for credit from people with poor credit looking for ‘credit cards for bad credit instant decisions’ or ‘instant credit card approvals’. Vanquis Bank, a credit card company based in London, Chatham and Bradford, has already accepted over 3 million people+ for credit cards in the UK.
Instant Decision Credit Cards
There really isn’t such a thing as an instant decision credit card. Any lender who gives you credit, in other words not a pre-paid card or secured card where you are really just loading the card with your own cash, will run a credit check. Credit checks will be made to see whether you have failed to make payments or missed payments on loans in the past, or whether there are any County Court Judgements (CCJs) or bankruptcies against your name.
A credit card provider may contact you stating that you have been ’pre-selected’ for a credit card. The ‘pre-selection’ is typically based on your credit rating, although the credit check that is carried out will not leave any record on your credit history.
In some cases, it is possible to get enough data about the applicant to give an ‘in principle’ decision in a minute or so, but often a lender will require to contact the applicant to obtain extra information or confirm details about the application. As soon as these details have been confirmed a decision is typically made very quickly. So we can say it’s a quick decision but not an instant decision. However, even after a decision is made there may still be a welcome call to explain how the service works and provide useful information before the card can be activated.
You can simply fill in the quick online application form on the Vanquis site. Provided you have all the details to hand, it should only take a few minutes.