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@amey
I got my Ti Bike using 0% interest thing (Moneyway) in Oct 2010 and paid off everything in 6 months.
Now everyone is using Moneyway (evans, sigma sport etc) Except for CycleSurgery and Wiggle who use V12 Finance.
So I wanted to go for a cheap single speed for everyday/pub use. I chose Specialized Langster 2011 mainly because its heavily discounted currently.
I was denied credit both places! Moneyway and V12 and I have no idea why. Being from India I don't understand the term Credit History much, but what I gather is I have a contract phone which is about to finish in dec 2012 I have never missed a payment on that, I had Sky TV and broadband back in 08/09 for which I never missed a payment. I was never involved in frauds or scams as such. The only thing by far I have missed was £5 a month for a premium bank account for couple of months because I was not in UK for 8 months and there was no to access the account online or otherwise. As far as I can see, credit history shouldn't be a problem? And especially when I had taken a loan of around £1K and paid off in 6 months the same company is denying me the loan of £400!? Didn't make any sense to me.
If you guys have experienced the same with the 0% interest finance schemes, do share you experience. And If you can help me to 'clean' my credit history or what steps to take to get a loan like that that would be great. Any help is appreciated.
I have requested for my credit report as the email shows below: