absolutely disgusting experian rating

jonesMUFCforever

Does OP have an account with the 2 banks that turned him down??
Does his salary go through those accounts??

If the answer to either is no - then that is the reason for the decline.
The days you could just walk into a bank as a new customer and get accepted for a personal loan are all but gone in most cases.

marmitedog

OP, money lending and borrowing is merely a commercial arrangement agreed between parties. They don't agree with your terms. It doesn't make them enough money, especially when capital is scarce.

Offer to pay more interest to a lender and let us know how you get on.

missk_ensington

immoral_angeluk wrote: »

Wow... defamation of character just because you have a poor credit score? Bit dramatic that. It's a credit score... it's about as accurate as a playing darts with javelins.

Yeah its a bit dramatic, but I know how the OP feels - I have a lot of equity in my house, have been on the electoral roll for years, have manageable debts which are always paid each month - have never missed a payment in my life for anything and yet I was recently refused a loan, and passed on to Harrington something-or-other, a sub-prime lending firm!! I felt extremely insulted because financial responsibility is something I take very seriously.

To be branded 'sub-prime' is in a way does feel like deformation of character because it implies that you are irresponsible with money and cant be trusted to be lent money, which I personally find a little bit offensive because I would sooner go and become an escort than miss a repayment to anyone who has trusted me to borrow money

hullight

It's less about trust and more about them wanting to maximise profits by making sure they get the right type of customer.