Loans

[alexsmith]

i want a 182 but cant seem to get a loan anywhere.
anyone had the same problem and know what to do.
thanks

 

[172Ben]

Have you been declined for one?

 

[alexsmith]

yes

 

[172Ben]

best to check your credit file/report with experian or equifax. or use www.creditexpert.co.uk

You tried companies that deal with people who have low or bad credit?

 

[alexsmith]

ill try that now thanks.
nahh not looked at them they normally tend to have a higher interest rate dont they

 

[D1CKY]

Credit file check may be worth a shot bud

To find out whats going on.

Where did you try ?

As some places are stricter than others i've heard.

Either that or you have a low credit rating

Have you ever had things you couldn't pay off ?

Or paid a few things late that may be whats holding you back (it may have been marked on your file).

Or if you have credit already such as a

Mortgage
Contract Phone
Loans/Finance
or
Credit Card

The balances on them may affect what you can borrow and the decison or its the credit crisis affecting you and the are banks tightening up on who they lend to unlike before.


But i'm sure the credit file check will clear everything up and show you why your having problems..

Good luck

 

[joebristolgym]

Just make sure you don't fall into the trap of applying loads of different places for loans as they will build up on your credit record and won't help you at all - def check out your credit record with Equifax or Experian first.

 

[alexsmith]

just tried that now tells me i need to ring them.

ahh i see i dont have anything which i pay monthly only my car insurance

looks like ill have to be nice to mammy and daddy haha only jokin

 

[Mike@MJCycles.com]

my advice, dont get a loan!

 

[Ian_182]

If your of a certain age and all that,at the moment you will struggle to get a loan anywhere

 

[Tupps]

my advice, dont get a loan!

Wise words

 

[ForceIndia]

just tried that now tells me i need to ring them.

ahh i see i dont have anything which i pay monthly only my car insurance

looks like ill have to be nice to mammy and daddy haha only jokin

That will work against you. If you effectively have no credit history (ie no loans, crdeit cards, mortgage etc) then they will be reluctant to lend.
Amazes me that people are so impatient. Anyone with sense can see that car prices are going to keep falling more rapidly than normal over the next 6 months. And, credit should be more readily available. Wait a few months, you'll get the same cars you're looking at now, cheaper.