Beware of rates offered on the net

Grommit07

Hi Jill
As I stated earlier, the santander website leads you to believe that you are getting the lower rate. After entering personally sensitive details their online calculator then gives you a repayment figure. It is not untill the letter arrives that the rate is shown much higher. I have had Santander loans previously, when they took over GE Capital and other loans for cars, extensions and home improvements, I have never defaulted on any payments, own my own house along with my wife of 26yrs, have no dependant children and have a secure job. so how do they calculate their lending criteria.
My problem was I thought after the offer over the net, that would be the rate charged. It wasn't. still a con.
PS any Views on this Martin?

dmg24

You seem unwilling to tell us exactly what this 'con' says?

Grommit07

As I said previously The monthly repayments changed from £189 quoted on the site to £204 shown when the paperwork arrived.
Thats the con.
I could have saved a weeks wait if they had stated the true figures when I applied on line.
I have to wait another month now to get another slot for the builders. Thats why I'm annoyed.
It's stilla big con by Santander

dmg24

Grommit07 wrote: »

As I said previously The monthly repayments changed from £189 quoted on the site to £204 shown when the paperwork arrived.
Thats the con.
I could have saved a weeks wait if they had stated the true figures when I applied on line.
I have to wait another month now to get another slot for the builders. Thats why I'm annoyed.
It's stilla big con by Santander

So you can't provide any evidence to back up your assertion that it is a 'con'?

You can appreciate why people are having trouble agreeing with your viewpoint?

Grommit07

No you seem to be the one who can't understand. As I said previously, you obviously work in a bank or even for Santander.
anyway really really bored now. full stop.

zppp

Grommit07 wrote: »

No you seem to be the one who can't understand. As I said previously, you obviously work in a bank or even for Santander.
anyway really really bored now. full stop.

I thought you said that you were going to stop several posts ago when you said this was getting personal. :think:

Putting your details into a financial calculator is one thing, going through a credit search with the information is another. You were deemed higher risk on the credit search. Period. You can argue it is a con as much as you want, however you haven't been conned as you have only recieved the paperwork, and haven't yet returned the paperwork. Just shred it up.

Grommit07

It has been shredded. Just wasted a week waiting for the forms and now a month to wait for the building work to start.

drbesty

And now you're wasting more time trying to argue that it's a con when no one else seems to share your point of view

Wutang_2

Grommit07 wrote: »

It has been shredded. Just wasted a week waiting for the forms and now a month to wait for the building work to start.

Why don't you say "its a con" again??

Apples2

If the same thing happens with the next company you apply with, is that going to be a con too??

There would be a cruel irony if you now get rejected (or the apr is hiked) due to making too many applications recently