Tiesto
Member
Registered: 6th Jun 02
Location: Hinckley, Leicestershire
User status: Offline
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Trying to get a loan at the moment, and have been denied twice now. 
I can't understand it, i have never missed a payment on my previous loan, never missed a payment on a credit card, no store cards, no CCJ's etc. Never overdrawn.
I was offered a rate of 12.9% from my Bank! Reason they gave me was because i move my money around alot between my savings account and main account , not sure why this matters really.
Yes i now loans are bad, but i can afford to pay it and its the only way to get the car i want. You only live once.
Doesn't help with the loan companies denying the application on my credit rating
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Robin
Premium Member
Registered: 7th Jan 04
Location: Northants Drives: Clio 182 Cup
User status: Offline
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Be careful how many you apply for, the more you're rejected, the worse your credit rating becomes.
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Tiesto
Member
Registered: 6th Jun 02
Location: Hinckley, Leicestershire
User status: Offline
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quote:
Originally posted by Robin
Be careful how many you apply for, the more you're rejected, the worse your credit rating becomes.
Yea, stopped getting quotes now - only option is directly with the bank and try negotiate a better rate or i leave.
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Dan Lewis
Member
Registered: 31st Jan 05
Location: Leicestershire
User status: Offline
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you can get a family member to be on the loan agreement like my dad is on my agreement but i pay it back.
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TheCam
Member
Registered: 16th Mar 07
Location: Kirkcaldy
User status: Offline
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quote:
Originally posted by Dan Lewis
you can get a family member to be on the loan agreement like my dad is on my agreement but i pay it back.
didnt know you can do that!
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Mather.16v
Member
Registered: 1st Nov 04
Location: Stockport
User status: Offline
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quote:
Originally posted by Dan Lewis
you can get a family member to be on the loan agreement like my dad is on my agreement but i pay it back.
a garuntour you mean?
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Tiesto
Member
Registered: 6th Jun 02
Location: Hinckley, Leicestershire
User status: Offline
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quote:
Originally posted by Dan Lewis
you can get a family member to be on the loan agreement like my dad is on my agreement but i pay it back.
Dad did that with my Brother, he ended up not paying and he was lumped with paying it back for him as he was in so much debt. He's said he wouldn't do it again unfortunately.
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