We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
interest on loans from the banks
shaunmjones
Posts: 5 Forumite
in Loans
You may be aware of this but banks are currently changing their apr rates depending on how long you have held accounts with them???
This is not a fair practice and do not always stick with the offer they give you, if you query it they will come down a bit (depending on credit status)
past experience with lloyds who i have been with for 15 years i got a quoted figure online of 8.9% when making the application it went up to 20.4%!!! after querying it I ended up with something like 14% i took my business elsewhere and saved another 3%
Bancassurance is most peoples first choice but not always the best
This is not a fair practice and do not always stick with the offer they give you, if you query it they will come down a bit (depending on credit status)
past experience with lloyds who i have been with for 15 years i got a quoted figure online of 8.9% when making the application it went up to 20.4%!!! after querying it I ended up with something like 14% i took my business elsewhere and saved another 3%
Bancassurance is most peoples first choice but not always the best
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards