HSBC Managed loan

timmygcsc2308

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safesound

Sorry I cant offer any help but I was wondering if you could tell em how you know what your credit score is? Did you get it from Equifax?
thanks

Snich

I would try to find out whether you can overpay on this without paying fees. That way, if you could put some extra money in, you would be paying off more than just the interest, making the whole sorry thing over much quicker. That would also gradually improve your credit (although the number doesn't really matter).

Definitely get yourself on the electoral register. It takes two minutes to call the council and get a form to complete. Job done and you will be able to get better credit.

Having said that, if you have already got yourself in one mess with debt, I would strongly suggest avoiding any more credit or further loans. Learn from the mistake (like a lot of us are doing on this forum!) and try to pay it off as fast as possible.

Good luck, Snich x

bengal-stripe

timmygcsc2308 wrote:

Yesterday I applied and got accepted for a Vanquis 'blue' card (29.9%APR) which I will use strictly for work expenses, that way I am guaranteed to pay it off each month and build up my credit rating

The way to (debt) hell is paved with good intentions.
You're already fallen "off the wagon" once. In six months time your debts will be more than they are today.

Iwantmorecash

hsbc managed loan apr is based on the base rate i think (4.75% +?) and iterest is charged monthy on what you owe