Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • Mabr
    • By Mabr 16th Jun 17, 7:22 PM
    • 3Posts
    • 7Thanks
    Mabr
    Two loan agreements
    • #1
    • 16th Jun 17, 7:22 PM
    Two loan agreements 16th Jun 17 at 7:22 PM
    I applied online for a loan to purchase a car and received an immediate 'Approval in Principle'. This was followed by an email saying that a loan agreement was being sent out in the post. I then received an identical email followed by one which said although I was approved they couldn't offer me the advertised APR. Today I received two letters, both containing loan agreements - one for 2.8% and the second for 6.1%! What do you advise I do? Logic would say complete the one at 2.8% but I'm worried this would cause the loan to be rejected and I would like the funds relatively quickly to purchase a car. Grateful for your thoughts.
Page 1
    • zx81
    • By zx81 16th Jun 17, 7:24 PM
    • 12,467 Posts
    • 12,635 Thanks
    zx81
    • #2
    • 16th Jun 17, 7:24 PM
    • #2
    • 16th Jun 17, 7:24 PM
    Call them.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,017Posts Today

6,737Users online

Martin's Twitter
  • Byebye! I'm about to stop work & twitter, to instead spend glorious time with Mrs & mini MSE. Wishing u a lovely summer. See u in 10 days.

  • WARNING Did you start Uni in or after 2012? The interest's rising to 6.1%; yet it doesnt work like you think. See https://t.co/IQ8f0Vyetu RT

  • RT @JanaBeee: @MartinSLewis Boris is the anomaly (coffee), the others are versions of normal (beer). Lots of same candidates = vote share d?

  • Follow Martin