Hi, I would like a loan for 6000 pound over 5 yrs. I would say my credit rating is good/fair. I am living with my parents, employed (F.T) I missed a few payments on my Next directory account about 5 months ago, but nothing else bad. I have NO ccj's ect, and have always paid things by direct debit on time. Were is the best place to get a loan? I want a fairly good APR rate. I was considering applying for a Virgin loan, but I don't want to risk getting turned down cause Ive been told this affects credit scores. Thanks.
2007-04-30 04:49:30 · 5 answers · asked by Mummyof2 1 in Business & Finance ➔ Credit
I am using my friends account to ask this question. I am not a mummy of 2.
I have No dependants. (just so you have the whole picture) Thanks.
2007-04-30 04:53:23 · update #1
Go to your bank first - they are far more likely to give you a loan than any of the other (reputable) loan companies, and you're likely to get a good rate. They might not have to do a credit test.
Any other company will run a credit check on you. From what you say, your credit score sounds to be fine apart from a minor blip, but repeated credit testing will lower your score so don't get loads of quotes.
Check out The Motley Fool - they have good advice on all the best deals but are responsible and tell you ways to get money without loans if possible. www.fool.co.uk
2007-04-30 04:55:30 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Building societies and banks, ignore any adverts for loans this posting will attract, also ignore postings which point in the direction of loan sharks.
2007-04-30 05:15:44 · answer #2 · answered by brian t 5 · 1⤊ 0⤋
What's it for ?
A car perhaps ???
... and so you take the first steps to remaining poor for the rest of your life ...
In 5 years half your mates will have saved enough for a deposit on a house = you will still be paying off the loan and the car will be scrap metal ... 50 years after that you will still be in rented accommodation after paying for some-one else's house twice over ...
2007-04-30 05:45:25 · answer #3 · answered by Steve B 7 · 1⤊ 2⤋
Best web site is
http://www.moneysavingexpert.com/
they have all the best deals including the ones that web sites like Motley Fool don't have.
Everything depends on your income and credit score.
2007-04-30 04:58:55 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Have a look on http://www.moneysupermarket.com/loans/
Good luck!
2007-04-30 21:19:12 · answer #5 · answered by Jillian M 1 · 0⤊ 0⤋