Help with recommending a loan lender

mumof5boys

can any of you help with recommending a loan lender - need a personal loan of 10k -

credit rating not excellent as few late payments

husband just got accepted with lombard for business loan but we have decided we dont want that loan as its basically hpi

can anyone recommend a lender who can be good at accepting people like us ??

Apples2

Need a LOT more info from you

Salary, level of debt, level of potential debt (credit card limits), homeowner, on the electoral role, how bad is bad (have you checked you credit files?

Anything other than a perfect credit file you are best to go to your own bank as they can see a larger picture of your finances than the other lenders.

Never give out your account details over the phone without research first...EVER.

mumof5boys

ok well -

3k on credit card
3k o/d on old account
bank loan 2k o/s
thats it debt wise - we have joined the credit expert & all accounts say satisfactory - so dont really get it - there are late payments on credit cards about 6 months ago
we really dont understand why we cant seem to get credit??
just got turned down for tesco loan today so dont want to keep applying - been to c my bank - (natwest) they want to do APR of 14.9% - jesus - that is nearly as bad a a credit card!!!
I worked for abbey 12 years ago doing mortgages and vaguely remember different lenders use either experian or equifax??
I will do one more app, but need to make a careful decision......
any help please???

Clive_Woody

mumof5boys wrote: »

ok well -

3k on credit card
3k o/d on old account
bank loan 2k o/s
thats it debt wise - we have joined the credit expert & all accounts say satisfactory - so dont really get it - there are late payments on credit cards about 6 months ago
we really dont understand why we cant seem to get credit??
just got turned down for tesco loan today so dont want to keep applying - been to c my bank - (natwest) they want to do APR of 14.9% - jesus - that is nearly as bad a a credit card!!!
I worked for abbey 12 years ago doing mortgages and vaguely remember different lenders use either experian or equifax??
I will do one more app, but need to make a careful decision......
any help please???

So you have £8k outstanding debt and you want to borrow a further £10k, in order to do this you would need to be earning at least £36K (very rough rule of thmb is no more than 50% of salary as debt) but the late credit card payments are not going to look good on your credit file.

To be blunt I suspect the Natwest offer of 14.9% may not be beaten.

The_Matelot

Tesco is a prime lender with strict credit scoring so if they said no, then your bank is last place. Did natwest offer you the loan or was it a quotation? If it was a quote then there is still no guarantee you'll be accepted. The few late payments will be hindering you a bit yes but at least with natwest, if you go in branch, you can try to justify them and explain. Good luck i hope it works out for you!