no i do not have a current passport nor has my wife she never been abroad and the last time i went was 11 years ago and no intention of going again ever.. People with a credit card are often cannot live by normal? means ie they have to have one. and then get into debt , because of it. My neighbour next door had a £9000 debt and drives a 2010 Mercedes she had 3 years or so . Yet they rather give credit to her than me . And she does not own a house and pays rent Now the Government is calling time on these people ,such as her , but it hits me why??? By the way we my wife and i not had a holiday anywhere not even a weekend since 2005 ( main reason we always have had cats and do not trust anyone to look after them) Not the ,money . . So just have to wait for my 10% pay rise OAP . I wonder if my other pensions will be going up the same amount? Civil service and RBS ??
That's entirely down to the person. My credit cards give me a combined limit somewhere around £30,000-£40,000. My current balance is £1,600 after going audio equipment shopping on the weekend. This is convenient for me, gives me protections, earns me points, but more importantly for my credit score this is an awesome debt ratio - it proves to lenders that I'm sensible and safe with money, because I'm borrowing a small fraction of what I'm able to spend. If I'd spent £25,000 of that, my score would be much lower and I'd be seen as a riskier bet.
Bottom line is credit cards are useful tools. When they're first issued they usually have very low borrowing limits, precisely to stop people getting into huge debt. I think mine started at £400. You can also request a lower limit or refuse an increase. For young people trying to establish a credit score, the best thing they can do is get a credit card with a low limit and just put things they're already buying on it - like their petrol, or groceries.
Owning a house is largely irrelevant - if she's paying rent on time and not missing payments, no defaulted loans etc, she's proving herself as a low risk borrower. And in fact, owning a house can push people into debt because of the expenses of maintenance - if her boiler explodes, she calls her landlord for repairs. If she owned the house, she'd have to find the necessary money to replace it.
With all due respect, you seem to be looking at this very personally. Banks and lenders have to take broad-brush views on how they categorise risk - they can't verify that you've not taken a holiday because of your cats. Simply put, they'll look at a person's income, expenses, and history of making timely payments. Now, the level of income can also be irrelevant - if you earn £500,000 a year and have expenses of £600,000 a year with multiple missed payments on your credit card, you're probably getting denied.
But, of course, the lower the income the harder the persuasion. With little to no paper evidence of your ability to repay a finance agreement, I'm struggling to understand why you feel so attacked by it. At the end of the day, lenders are a business. It's exactly why payday loans and first credit cards have much higher interest rates - the risk of those borrowers defaulting is much higher, so the lenders apply higher interest to try and earn money even if the borrower defaults. Sure, it's somewhat counterintuitive to charge more money of the people least able to pay it, but that's the reason. So if a bank thinks you won't or can't repay, they'll be more likely to say no.