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joe g |
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joe g Borekit Bruiser
Joined: 08 Apr 2011 Karma :
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Posted: 12:38 - 26 May 2017 Post subject: Thanks sainsburys |
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So applied for a personal loan with them advertised rate 2.9%
Applied for 11.5k for a car, have good credit, never missed any payments etc have a mortgage, earn 40k a year, no debt etc.
Okay maybe didn't expect 2.9% but expected somewhere close to that.
Get accepted for the loan documents all come today apr is 14.2% hahah don't think so
I have no idea where they get these numbers from! seems as stupid as insurance.
So now i've been offered crap apr and don't want to apply for any more loans because i don't want to make my credit score worse.
So thanks sainsburys
rant over |
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mudcow007 |
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mudcow007 World Chat Champion
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Monkeypony |
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Monkeypony World Chat Champion
Joined: 21 Sep 2011 Karma :
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Posted: 12:42 - 26 May 2017 Post subject: Re: Thanks sainsburys |
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joe g wrote: | So applied for a personal loan with them advertised rate 2.9%
Applied for 11.5k for a car, have good credit, never missed any payments etc have a mortgage, earn 40k a year, no debt etc.
Okay maybe didn't expect 2.9% but expected somewhere close to that.
Get accepted for the loan documents all come today apr is 14.2% hahah don't think so
I have no idea where they get these numbers from! seems as stupid as insurance.
So now i've been offered crap apr and don't want to apply for any more loans because i don't want to make my credit score worse.
So thanks sainsburys
rant over |
My brother had the exact same thing from them! If you don't properly check the paperwork it would be easy to end up shafting yourself without even realising it.
Pretty poor practice IMO. ____________________ Current bike - 2018 H2-SX, 2004 SV1000s, 2016 Aprilia RSV4 RF, 2017 Sherco SERF 300, 2003 Suzuki DRZ400 (stolen - AY53 JUU) |
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- Super Spammer
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joe g |
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joe g Borekit Bruiser
Joined: 08 Apr 2011 Karma :
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natefz6 |
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natefz6 Brolly Dolly
Joined: 06 Apr 2005 Karma :
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Posted: 13:07 - 26 May 2017 Post subject: |
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Yeah Sainsburys were the same with me. At the time I had a 997 credit score (if that actually means anything nowadays as they all say they do their own scoring) they did actually call me back iirc and said due to my circumstance they could only offer me 5 times the rate advertised. I also told them to
I guess the having never had bad credit, paying all bills on time and being on a good wage with not many outgoings scared them off... ____________________ "no I didn't steal it that's just the way I ride" |
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lihp |
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lihp World Chat Champion
Joined: 22 Sep 2010 Karma :
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Posted: 13:35 - 26 May 2017 Post subject: |
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They are there to make money, if they can't make it from penalties and fees they will do so via APR.
A friend I worked with, full time, decent salary, applied for a credit card. At the same time his Mrs applied, minimum wage, 12 hours per week, with the same credit card company.
She got a lower APR, and almost 3 times the card limit as he got. ____________________ covent.gardens: lihp is my most favourite member ever |
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iooi |
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iooi Super Spammer
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Kickstart |
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Kickstart The Oracle
Joined: 04 Feb 2002 Karma :
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ScaredyCat |
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ScaredyCat World Chat Champion
Joined: 19 May 2012 Karma :
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Posted: 22:54 - 26 May 2017 Post subject: Re: Thanks sainsburys |
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joe g wrote: | So applied for a personal loan with them advertised rate 2.9%
Applied for 11.5k for a car, have good credit, never missed any payments etc have a mortgage, earn 40k a year, no debt etc.
Okay maybe didn't expect 2.9% but expected somewhere close to that.
Get accepted for the loan documents all come today apr is 14.2% hahah don't think so
I have no idea where they get these numbers from! seems as stupid as insurance.
So now i've been offered crap apr and don't want to apply for any more loans because i don't want to make my credit score worse.
So thanks sainsburys
rant over |
Wait 3 months, apply to a different company. Sainsburys routinely do hard searches which will affect your credit score. Have a look at https://creditmatcher.experian.co.uk/ - You can check your current rating (not that everyone uses them) for free and it'll update every 28 days. ____________________ Honda CBF125 ➝ NC700X
Honda CBF125 ↳ Speed Triple |
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pepperami |
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pepperami Super Spammer
Joined: 17 Jan 2010 Karma :
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Posted: 09:38 - 27 May 2017 Post subject: Re: Thanks sainsburys |
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Wafer_Thin_Ham |
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Wafer_Thin_Ham Super Spammer
Joined: 18 Nov 2005 Karma :
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Posted: 19:15 - 27 May 2017 Post subject: |
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Use money supermarket for loans........ ____________________ My Flickr |
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joe g |
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joe g Borekit Bruiser
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Ste |
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Ste Not Work Safe
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JonB |
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JonB Afraid of Mileage
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joe g |
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joe g Borekit Bruiser
Joined: 08 Apr 2011 Karma :
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Posted: 20:31 - 28 May 2017 Post subject: |
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so just checked and my credit score is 969!!!
so sainsburys you asshats!! |
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iooi |
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iooi Super Spammer
Joined: 14 Jan 2007 Karma :
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Polarbear |
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Polarbear Super Spammer
Joined: 24 Feb 2007 Karma :
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Posted: 21:54 - 28 May 2017 Post subject: |
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Lose loser, mines 987 with Experian.
Can anyone hit the mythical 999 and become the credit GOD!
Actually, it shows how stupid it all is. I live on a pension and have no major outgoings but I couldn't service an 11k loan without stretching myself close to breaking point, financially speaking, yet I still get offered credit cards with huge credit limits. ____________________ Triumph Trophy Launch Edition |
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joe g |
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joe g Borekit Bruiser
Joined: 08 Apr 2011 Karma :
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Posted: 22:19 - 28 May 2017 Post subject: |
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Polarbear wrote: |
Lose loser, mines 987 with Experian.
Can anyone hit the mythical 999 and become the credit GOD!
Actually, it shows how stupid it all is. I live on a pension and have no major outgoings but I couldn't service an 11k loan without stretching myself close to breaking point, financially speaking, yet I still get offered credit cards with huge credit limits. |
it's because you're old |
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Polarbear |
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Polarbear Super Spammer
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JP7 |
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JP7 World Chat Champion
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Bozzy |
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Bozzy Traffic Copper
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J0Al1 |
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J0Al1 World Chat Champion
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ScaredyCat |
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ScaredyCat World Chat Champion
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nick.h |
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nick.h World Chat Champion
Joined: 12 Sep 2004 Karma :
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Posted: 21:44 - 30 May 2017 Post subject: |
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https://www.zopa.com
In January I borrowed £7.5k @ 3.1%, I'm in a similar financial position to the OP. ____________________ [Italjet MM5A] ll [Rieju RS1 Evolution] ll [Suzuki GS500e] ll [Suzuki GSX600F] ll [Honda CG125] ll [Pug Elyseo 125] ll [Yamaha YZF750R] ll [Yamaha Thunderace] ll [Yamaha R6] ll [Triumph 955i] ll [Hayabusa RZK3] ll [Suzuki RGV250] ll |
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Old Thread Alert!
The last post was made 6 years, 329 days ago. Instead of replying here, would creating a new thread be more useful? |
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