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Loan Interest Rates increased
TessTickles
Posts: 2 Newbie
in Loans
I applied for a loan and was accepted - but the loan advertised and applied for was at 8% the paperwork has come through at 13% they say that it is because of the risk assessment and credit score. Before applying for the loan both I and my partner purchased our credit score and both of us had perfect scores.
It is a reputable company but...Is this a scam?
It is a reputable company but...Is this a scam? 0
Comments
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Standard practice - risk based lending.0
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What do they base the risk on? - if I have a great credit score - what do I need to get the advertised rate?0
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Every lender scores differently. The credit score you've seen is meaningless.0
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