Loans Whos dishing them out at the minute?Im only after about £5000 so that I'm only paying out for one debt instead of my current 3. Ive got a decent credit rating as far as I know but have no idea how these things work
I had a right old carry on trying to get a loan for a car over the past 9-12 months. Nobody would touch me with a bargepole despite having no debts and no bad credit history. Because i didnt have a mortgage i was not considered a decent credit profile. In the end, the only way i could finance a new car, was to have my case referred to an underwriter, where they look at your income and your ability to pay, rather than using a credit score from experian/equifax where i would get an instant 'computer says no'. I couldn't even get a 50 quid overdraft from my bank a few months ago, so it just goes to show that if you apply for a loan the way you might have a few years ago, there is a good chance you are going to get turned down. I'd try talking to your bank and asking them first, where they might take your personal circumstances on board first, before going on credit scores.
I'm named on our mortgage although the money comes out of our lasses account, I think I will speak to my bank first actually instead of risking applying for anything online
You might wanna get a free credit report from experian then - if you are listed on there as having a mortgage, then you are gonna stand a MUCH better chance of getting credit.
As Brid say goto http://www.experian.co.uk/experianhome/?sc=410006&bcd=googlsearchlp1110609 It is free for month 1 you then have to cancel it.
Right Ive done the free one and all looks ok, but like Brid says its not as easy as it was a few years ago.My banks interest rates are alot higher than some of the other suggestions but it says it will be easier to get a loan with my bank. Balls lol
The other trick done these days is advertise typical APR which is subject to credit rating. Your consolidating which is seen a positive step.
Lee go on www.callcredit.co.uk, thats a much better site for checking your credit file and it's the most up to date one which doesn't look at your history, it's more interested in if you can keep up your payments now. I would try your bank first, as their searches don't show on your credit file and having searches (whether they say yes or no) effect your credit rating. If your bank say no that doesn't necessarily mean that everywhere else will. Moneysupermarket is a decent site to search loan companies with the best rates etc. When you go on call credit you can get your credit rating aswell as your credit file. If you have 5 stars plus then you should have no problem getting a loan anywhere
If it doesn't look at your history is it an accurate Credit Score? As surely thats the first thing the majority of lenders will check? I only ask as Ive used Experian and would love to compare the two to see if there's any difference (and if its all a load of bullshit or not)
Equifax and call credit are the favoured companies for most lenders. Call credit is the best as it only looks at your last 3 years. Lenders arent interested in how you used to pay credit say 3-5 year ago, they are more interested in how you can pay your credit now. Its isnt just a points system anymore. They look at your current commitment and your payments made over the last 12 month, you income, even your overdraft with your bank.
