Good credit rating but lots of checks :(

Benja_2

Ok i'll start from the beginning, i'm 20 years old and am applying for a loan for £5000 over 4 years for a car. Now when i was first applying i'd failed to realise that i had one payment left (comes out beginning in November) then is finished, so when i applied for my first handful of loans i was declined for all. This off course has resulted in numerous credit checks on my account with me failing to realise that it leaves a foot print on my credit history. . . lovely.
Anyway, i've checked my credit report and obtained a credit score from Experian. The score? 999? But as a result when declaring that i do have a loan im still getting declined now. Now i've unfortunately just realised i've been scammed by 2 companies trying to obtain a loan in my haste. One being unsecuredloanscompany.net and the other being cash finance direct and im in the middle off getting my so called "admin fee" back from unsecuredloans.

Anyway to the meat of it all. I need a loan ASAP as i've put a deposit on this car. My credit history is spot on, just loads off checks. Does anyone know any good loan companies that will be able to help me out on this?

Need an answer ASAP as the car is just sitting there waiting and i need to get this sorted as soon as.

Thanks

Ben

Cash_Flow

Benja wrote: »

Ok i'll start from the beginning, i'm 20 years old and am applying for a loan for £5000 over 4 years for a car. Now when i was first applying i'd failed to realise that i had one payment left (comes out beginning in November) then is finished, so when i applied for my first handful of loans i was declined for all. This off course has resulted in numerous credit checks on my account with me failing to realise that it leaves a foot print on my credit history. . . lovely.
Anyway, i've checked my credit report and obtained a credit score from Experian. The score? 999? But as a result when declaring that i do have a loan im still getting declined now. Now i've unfortunately just realised i've been scammed by 2 companies trying to obtain a loan in my haste. One being unsecuredloanscompany.net and the other being cash finance direct and im in the middle off getting my so called "admin fee" back from unsecuredloans.

Anyway to the meat of it all. I need a loan ASAP as i've put a deposit on this car. My credit history is spot on, just loads off checks. Does anyone know any good loan companies that will be able to help me out on this?

Need an answer ASAP as the car is just sitting there waiting and i need to get this sorted as soon as.

Thanks

Ben

Have you tried your bank?

Benja_2

I have, but they have turned round to me and said i need to be 21 as a lot of places have.

Benja_2

Can anyone else help i need some help ASAP.

Joeler

Benja wrote: »

Can anyone else help i need some help ASAP.

Take a look at which of your credit reports (Experian/Equifax/Call Credit) have the most checks on, and apply with companies who credit check through the credit reference agencies with the least checks using the link below to decide who to apply to:

http://forums.moneysavingexpert.com/showthread.html?p=21413635&highlight=barclays+premier#post21413635

Bear in mind that if your credit rating is good then the initial people probably declined you on affordability, or how much credit you currently have in relation to your earnings.

Ideally wait for your current loan to complete and then re-apply with the same people, although this may mean losing your car deposit.

Either way good luck