Sippo
Living in the 80s
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I ain't gettin on no plane fool
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« on: Monday, September 28, 2009, 12:14:56 » |
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I've been quoted at 19% and 24% for a 5K loan for 5 years, surely it would be cheaper to get a credit card.
Does anyone know any good deals that offer a £5k limit?
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If my calculations are correct, when this baby hits 88 miles per hour, you're gonna see some serious shit...
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Samdy Gray
Dirty sneaky traitor weasel
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« Reply #1 on: Monday, September 28, 2009, 13:08:45 » |
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They sound quite steep, do you have a bad credit rating? Where did you apply?
I recently got a loan from Sainsburys Bank at 8%.
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Sippo
Living in the 80s
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Posts: 15591
I ain't gettin on no plane fool
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« Reply #2 on: Monday, September 28, 2009, 13:45:25 » |
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My credit status is very good that I know of. That was from nationwide and halifax.
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If my calculations are correct, when this baby hits 88 miles per hour, you're gonna see some serious shit...
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Samdy Gray
Dirty sneaky traitor weasel
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« Reply #3 on: Monday, September 28, 2009, 13:51:25 » |
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I'd check your credit file (Experian & Equifax). Nationwide's best rate is 7.7% so there's obviously something wrong for them to be offering you 19%+.
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jonny72
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« Reply #4 on: Monday, September 28, 2009, 13:51:37 » |
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Well something ain't right with those rates you quoted - the Nationwide website says they charge 7.7% (though that is for existing account holders). But provided you've got decent income, can afford the repayments and a good credit history you should get a loan at about 8% or so.
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Sippo
Living in the 80s
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I ain't gettin on no plane fool
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« Reply #5 on: Monday, September 28, 2009, 14:02:27 » |
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Between the wife and I we both take home about £3.5k between us but have an existing loan so that might be the issue? I've never missed a payment on mortgage/loan. Can i find my credit status online?
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If my calculations are correct, when this baby hits 88 miles per hour, you're gonna see some serious shit...
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Arriba
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« Reply #6 on: Monday, September 28, 2009, 14:42:13 » |
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you need a loan on that income?!?!?!?
fuck me i'd be banking a grand a month on that
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Samdy Gray
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« Reply #7 on: Monday, September 28, 2009, 14:42:22 » |
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Yes. You have to pay for it but there are free trial offers where you have to cancel it within 30 days otherwise they take the payment.
If that's your net pay then I'd say there's definitely something wrong. On affordability you shouldn't have a problem, unless your other loan is rather large.
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juddie
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« Reply #8 on: Monday, September 28, 2009, 14:51:08 » |
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I've just got a virgin card, interest free for 12 months and 5k limit, not that I'll get anywhere near that.
In saying that, have just bought an engagement ring, so I owe branson a tidy sum!
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Jamiesfuturewife
Cats is nature
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« Reply #9 on: Monday, September 28, 2009, 14:55:22 » |
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Do engagement rings cost less then 5k?  actually maybe thats why Im not engaged! |
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Simon Pieman
Original Wanker
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« Reply #10 on: Monday, September 28, 2009, 14:56:06 » |
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Have you applied for loads of loans at once? Each time you apply your credit rating goes down for a bit.
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juddie
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« Reply #11 on: Monday, September 28, 2009, 15:28:15 » |
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depends on what the groom's prepared to pay JFW!
I've always thought it was a month's salary, but a bird here reckons it's three times. F*ck that.
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Jamiesfuturewife
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« Reply #12 on: Monday, September 28, 2009, 15:33:08 » |
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Im just a greedy materalistic old hag!! Ive been waiting a long time - Ive put in the time so deserve the rewards! I want a rock so big I cant fit my hand in my handbag - Ideally!  |
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blinkpip
His Infernal Majesty
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« Reply #13 on: Monday, September 28, 2009, 15:37:51 » |
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Im just a greedy materalistic old hag!! Ive been waiting a long time - Ive put in the time so deserve the rewards! I want a rock so big I cant fit my hand in my handbag - Ideally!  I hope your partner earns at least 100k, or your be disappointed when you get engage/married. |
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ee the trick is only pick on those that can't do you no harm
Like the drummer from Def Leppard's only got one arm
I annoyed Yeovilred 28/01/06
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Sippo
Living in the 80s
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Posts: 15591
I ain't gettin on no plane fool
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« Reply #14 on: Monday, September 28, 2009, 17:16:45 » |
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you need a loan on that income?!?!?!?
fuck me i'd be banking a grand a month on that
we've got a £300 pm loan as it is (damn wedding!!), mortgage is quite big. The loan now is for a car. I think its the wifes fault. she has never had a loan or needed credit so she has no rating. With the current climate I'm guessing she's an unknown quantity. |
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If my calculations are correct, when this baby hits 88 miles per hour, you're gonna see some serious shit...
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