Loan advice

Jeff_Bridges_hair

The problem is screwy is that Your lenders will not see that as fair as they will see the CCjs which show that you have defaulted on something so badly in the past that has led you to get these CCJs so you are still a higher risk to them then someone who also has a 'fair' credit rating.

As such and has been advised you could get this £3k loan but probably at over 50% interest so you are then paying back £4500 minimum if you could do that in one year - over 3 years that figure gets bigger so are you really going to be better off getting that loan now?

screwyrabbit

So is the advice from credit expert not worth anything and I am wasting my time trying to rebuild my credit until the debt is 6 years old? I actually applied to Credit Expert because of the advice offered on this website. As for the ccjs, they were from a high street bank who refused to help me and just piled on the interest and charges until I could no longer do anything but go to court. I now know that I handled it badly but we all make mistakes. I am trying to fix mine. If the creit expert rating is not worth the paper its written on I would be glad to know so that I can cancel it ASAP xx

Jeff_Bridges_hair

Its always worth rebuilding your credit - each lender looks at things differently but with those CCJs on there then most will not touch you because the risk to them may be too high.., you would probably get finance on buying something like a car but when its cold hard cash its a different ball game in my eyes.

redpete

CHR15 wrote: »

redpete, please don't help him promote his site by quoting his website URL, edit the sitename and report Cyrix' post as :spam:

I did report it as spam and didn't think anyone would be stupid enough to see the url in my quote and think "that looks a good place to go" without reading the next paragraph which pointed out what a daft thing it would be to do so.

Fiddlestick

screwyrabbit wrote: »

If the creit expert rating is not worth the paper its written on I would be glad to know so that I can cancel it ASAP xx

Pretty much.

Viewing your credit history is worth it, but paying them for a "credit score" is pretty much a waste of time and money as each lender has their own internal lending criteria.