B&Q Decined kitchen loan, why could this be?

Silvafox

KingElvis wrote: »

It's a public forum, people post to get others opinions :rotfl:

You sound like you've got a clentched colon or something, relax.

...it's slowly unclenching - been a bad morning!

It's just so annoying that people rush in with opinions on things that weren't even asked for and in the meantime the original question gets lost amongst wasted posts - just like this one in fact!

hot_choc

I have just experienced the same with B & Q. I have a few outgoings but not huge and a small mortgage but have been refused the two years interest free on £3k. My credit rating is good. I am thinking that this offer is too good to be true and it is B & Q's way of getting out of this offer.

pupping

corbyboy wrote: »

Why don't you pay for the kitchen on your credit card?

because b&q were offering 0% apr, credit card could be much more expensive


Are you sure as this would only result in you repaying £6000.

yes payments are a bit higher than 100.00, but between us easily paid

pupping

i guess because i was given 12k before for the car, which is almost fully repaid, i though they would lend me that amount, but times have changed!

JasX

Russe11 wrote: »

I have worked on a kitchen that was 70k for the joinery alone, have to say it was the size of a small 3 bed semi though.

Christ, whats a joiners day rate these days? £250 for a very good quality one? how many joints would he be able to make up in 280 working days?

Noselfdiscipline

I got a B&Q Kitchen in 2005 (but got the cooker etc elsewhere), £3,500 including fitting. I could probably have done it cheaper but it was my first time buying something like this, in hindsight I could have cut it down further. My fitter charged me £120 a day and he was here about six days, doing other stuff around the house too, not just the kitchen. B&Q's quote for fitting would probably have doubled the overall price.

DON79

Kitchen from freecycle - couple of years old, very little wear and tear, worktops included and sink, cost us van hire and some new drawer runners....

Labour by DH so free.....

Derivative

The posters here aren't even being harsh enough IMO. Why would you take out a massive loan to make a section of your house look a bit shinier?
I can 'sort of' understand car loans, if you need it to get to work and can't stand buying a cheap car.

Save for the kitchen, pocket the 10% difference between 7% loan rates and 3% savings, sorted. £600 up.