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Has anyone had a loan at the typical rate??

OMAR
OMAR Posts: 701 Forumite
Tesco - 8%
A % L - 8%
Nationwide - 8.2%

Recently??
«1

Comments

  • Extant
    Extant Posts: 2,140 Forumite
    People here might not have had, but people will have had, yes - the law says...
    "the typical APR" is an APR at or below which an advertiser reasonably expects, at the date on which an advertisement is published, that credit would be provided under at least 66% of the agreements he will enter into as a result of the advertisement.
    What would William Shatner do?
  • OMAR
    OMAR Posts: 701 Forumite
    grrrrrrrrrrrrrrrr
  • alan_blue
    alan_blue Posts: 56 Forumite
    no, its really !!!!ing me off!!! I went into nationwide yesterday and they offered me 13.4%!!! All they took was my address and salary which is over £30k. Its so annoying as I am in a secured job with the Forces and have a great credit history. Its cheeky if you ask me and no wonder why the banks are in a mess
  • Fowler0505
    Fowler0505 Posts: 27 Forumite
    Yes me. I recently applied for a loan with Nationwide and got it at 7.9%.

    Liz
  • alan_blue
    alan_blue Posts: 56 Forumite
    lucky you hey, are you a homeowner? i am just wondering what kind of people get these good rates? I feel its very discriminatory, anyone agree?
  • chambta
    chambta Posts: 2,770 Forumite
    Part of the Furniture Combo Breaker
    alan_blue wrote: »
    lucky you hey, are you a homeowner? i am just wondering what kind of people get these good rates? I feel its very discriminatory, anyone agree?

    Credit scoring is by definition discriminatory.
  • anniecave
    anniecave Posts: 2,479 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    when i click through on my online banking it offers me a gives a typical loan rate - but when I actually ask for details and put in the same information as they already have for me already the loan rate jumps up!
    Indecision is the key to flexibility :)
  • Fowler0505
    Fowler0505 Posts: 27 Forumite
    alan_blue wrote: »
    lucky you hey, are you a homeowner? i am just wondering what kind of people get these good rates? I feel its very discriminatory, anyone agree?

    Yes I am a homeowner, plus I have previously had a loan with them which I paid off without any problems.

    I have never checked my credit rating but I am guessing its reasonably ok too.

    Liz
  • I got the typical rate with Tescos this week.

    I've never had anything but the typical rate from credit providers.. although I pay everything back on time and I borrow a lot. Homeowner, 10 years employment, 6 years bank account.
  • alan_blue
    alan_blue Posts: 56 Forumite
    well it cant be anything to do with credit scoring as whenever i get the rates its before the credit check goes in?
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