Unbelievable money market.

[Felix]

Something strange there top cat. I took this M&S offer for my eddy just over two months ago and got the stated APR with 3 months delay of payment. I also changed my mortgage last year so I dont understand that    Could it be your house value to mortgage percentage?

[scooba]

Credit and Banks its a joke , I have no loans , no mortgage no finance , I was pesuaded to have a Laura Ashley store card because i gave you 25% off all purchases that day so I thought get the card and the discount on the goods then next month cancel the card , simples


card application was declined as i have either poor or no credit history and if id like to pay some agency they will offer to help resolve it , These financial boys are something else ..


Keep looking TC you will find what you are looking for have you tried sites like money supermarket etc they quite often have pointers and can save a load off time searching through 1000s off rates for you

[JPC]

Holy sh*t it sounds sh*te out there!

Makes my 2.68 percent on my car seem a bargain. Shame I'll be selling soon! Next time round I'll probably be put off by te stupid rates

[h4rdy]

I went to Money Supermarket.com and tesco was the cheapest with a nice deferment for 3 months.

Easy peasy.

[StuF]

Is the rate they quote you online with moneysupermarket the actual one you get the loan with?
Or is it hiked like the banks do after you have applied?

[h4rdy]

No it was exactly as stated mate.

I was quite pleased as everyone was saying I wouldn't get a loan in the current climate but never had a problem before so it flew through.

Give it a go, it worked for me.

[cmdrfire]

Yeah, if you don't use a credit card and use only a debit card (spend what you have!) then you're regarded as a risk as well for not having built up an adequate history.


...at this rate you're more likely to get a better (and more honest!) deal from the mafia...

[stealthwolf]

Scooba, have a look at experian or credit expert. There should be an introductory offer so cheap but remember to cancel.

When I took out a loan (and subsequently cancelled) my rating was 999 but fell to 600 because I'd missed two credit card payments (a bit slow in getting round to transferring funds). Since then, I've set up a direct debit to pay the minimum payment and within six months it was back up to 999. This is despite me having PCP on the car.

[StuF]

Is that 999 out of 1000 ? Im guessing the higher the rating the better it is?
Never really thought about my credit rating before! 

[rich83]

Yeah, if you don't use a credit card and use only a debit card (spend what you have!) then you're regarded as a risk as well for not having built up an adequate history.


...at this rate you're more likely to get a better (and more honest!) deal from the mafia...

Ive only just found this out due to looking into getting a mortgage. Im now using my card once every 1-2 weeks to build it up a bit! 

[neg]

It is strange, to get a good credit rating you really have to be bad - I hate using credit cards but have to every now and again - as long as you pay them off !!

I've only ever had a couple of credit cards max, tend to use one at time.

[stealthwolf]

Is that 999 out of 1000 ? Im guessing the higher the rating the better it is?

No. It's out of 999! 

Companies have wised up to people who have credit cards but pay them off in full. It generates no cash for them. It's better to make minimum payments and "owe" a little bit now and then.

[vRStu]

Ive heard First Direct are pretty good anybody got any experience.....

I moved recenty - £100 for opening an account and another £100 if you don't like it.  Can't go wrong.

Also if you are recommended by an account holder the recommender gets a treat I think