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  • FIRST POST
    • frazza
    • By frazza 15th Jul 17, 12:41 PM
    • 1Posts
    • 0Thanks
    frazza
    Good Credit Rating, Low Debt, High Income, still can't get a good loan
    • #1
    • 15th Jul 17, 12:41 PM
    Good Credit Rating, Low Debt, High Income, still can't get a good loan 15th Jul 17 at 12:41 PM
    Hello,

    I have been having some trouble trying to get a loan with a decent apr, I have approx £2000 of credit card debt that is 0% interest currently and that's it. My credit score is excellent and I have an above average income in a professional job, but yet still I can't seem to access the low advertised rates. Is there something I may be missing here?

    Thanks in advance.
Page 1
    • Westminster
    • By Westminster 15th Jul 17, 1:56 PM
    • 750 Posts
    • 462 Thanks
    Westminster
    • #2
    • 15th Jul 17, 1:56 PM
    • #2
    • 15th Jul 17, 1:56 PM
    Unfortunately this is a very very common complaint and the gist is that your credit score is highly suspect / inaccurate at best.

    It's only the credit agency view - and they are not lending you the money so they don't matter.

    Nobody else sees your 'score' and any prospective creditor will always make their own judgement.

    Have you tried the MSE eligibility checker?
    Hi. Martin has asked me to tell you I'm a Board Guide on the following boards: Mortgages & Endowments, Mortgage-Free Wannabe, House Buying, Renting & Selling, Small Biz & Charities' MoneySaving and Charities.

    I'm a volunteer to help the boards run smoothly, and I can move and merge posts on there. Board guides are not moderators and don't read every post. If you spot an inappropriate or illegal post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
    • DCFC79
    • By DCFC79 15th Jul 17, 8:29 PM
    • 29,567 Posts
    • 18,690 Thanks
    DCFC79
    • #3
    • 15th Jul 17, 8:29 PM
    • #3
    • 15th Jul 17, 8:29 PM
    Whats exactly on your credit file ?
    Je Suis Charlie
    • usefulmale
    • By usefulmale 16th Jul 17, 8:53 AM
    • 2,282 Posts
    • 4,191 Thanks
    usefulmale
    • #4
    • 16th Jul 17, 8:53 AM
    • #4
    • 16th Jul 17, 8:53 AM
    I know it's frowned upon these days but if you have above average income, why don't you just save up?
    Originally Posted by MSE Forum Team
    We’ve had to remove your signature because what you wrote was true and sensible and there's no room for that here.
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