top up loan question

dings

Thanks again all

Just wondering if anoyne else can offer any ideas.

Ideally if anyone who's an "expert" or works for such a company can give me any idea as to whether - given I have no credit reference problems (just checked my credit report) and no affordability issues - there is any likely reason I might be rejected for this...

Thanks

Dings

CLAPTON

rather off the subject but i'm curious....you say affordability is no problem which means you have lots of spare income, so why haven't you saved that spare income to fund your purchase rather than choosing to pay large amounts of interest over a number of years?

dings

Clapton - poor planning and some recklessness to be honest.

I'm just looking to straighten myself up and get sorted once and for all.

dings

Hi all

Just upping this again...

Cheers

Revex

I get asked whenever I phone up egg after ive asked my question if I would like to top up my loan. They have been asking me this since about 3 months into my loan. I didnt take it though because I had the loan to pay for my car, and as a student I want that to be me and loans done for a while - except for student loans.

dings

Cheers Revex

Now that's a concern, as I've spoken to them a couple of times - to clarify contact details mainly, and they've never mentioned topping up.

Any last thoughts from anyone?

Any views helpful.

Thanks

Dings

dings

any thoughts anyone?

saverram

hi there,
my message may not be the answer u r expecting. yesterday i called egg t top up my loan. i currnetly have at 7.7%

i got my loan last may around 7K , toppped up in November with another 1 k to pay off my Egg cc and regular with payments and everything. i paid a chunk of loan around 1.5K in june and now my outstanding balance is 2k and 5 months to fininsh the loan. i have taken 2 months payment break in Aug and Sep. my oct payment is done. yesterday i called and asked can i top up my loan for 8K for my wedding. they asked my questions and said that they have cariird out internal check and said they cannot top up my loan.
so i dint get any loan from Egg.
Another thing.
there are 2 types to top up the lon.
1. u can pay off teh existing loan and take a whole new loan for 8.9%
2. or keep u r exisiting loan at exisitng interst and take a new loan at 8.9%.


Hope this helps
if u have any questions
let me
regards
saverram

dings

Cheers for your comments saverram...

Can I ask what sort of salary you're on though?

Also, I've taken no breaks or added to it before... not sure what effect that may have though.

I did see someone post somewhere on here (can't remember where) that they (not necessarily Egg) would loan up to x times salary dependent on no credit problems...

Any opinions welcome.

Dings

saverram

hi dings
my basic salary is 23k per year and i live in london, i am in this job and place from 11 months.
they diid ask me 1 question during the process how many tims u used u r overdraft.
i said 3 tiem on averge 600.
i dont know then after some general question they said i cannot get a loan
ok good luck
savverram