Alliance and leicester rip off

YorkshireBoy

centurion_36 wrote: »

Think what you want yorkshireboy but maybe keep your off topic thoughts to yourself

You were the one to mention credit scores. As such, they're very much on-topic as far as I'm concerned. I'll therefore continue to post on the subject thank you. And don't take it to heart...credit scores are ridiculed my many on here (and rightly so) for lulling people into a false sense of securty and, often, building up hope.

My point was about exaggerated interest rates to get more money out of people that can get the better rates if they shop around.

It's a good point, but applicants need to be aware that all rates quoted are 'representative' rates only, ie only 51% of successful applicants are guaranteed to get that rate or better.

As you've subsequently found out, the best rates are generally obtained from the people who know your financial affairs best...ie the bank that receives your salary and pays your bills for you.

opinions4u

centurion_36 wrote: »

The equifax was out of 1000 aswell as experian. On equifax i was in the green good area on experian i was at top of scale.There was a month between the two scores but no change in circumstanses

Why do you think these scores, from companies that don't lend money, are useful?

Think what you want yorkshireboy but maybe keep your off topic thoughts to yourself

I thought you were the one who made these numbers relevant to the thread.

My point was about exaggerated interest rates to get more money out of people that can get the better rates if they shop around.

Perhaps Santander should just have declined you.

CH27

centurion_36 wrote: »

The equifax was out of 1000 aswell as experian. On equifax i was in the green good area on experian i was at top of scale.There was a month between the two scores but no change in circumstanses

Think what you want yorkshireboy but maybe keep your off topic thoughts to yourself

My point was about exaggerated interest rates to get more money out of people that can get the better rates if they shop around.

You mentioned them in your OP so yorkshireboy is very much on topic.

Enfieldian

I don't see the rip off here.

A&L offered you a rate for a loan which you declined.

The only potential rip off would be paying CRAs for meaningless credit "scores"

And BTW it is "accept" not "except"

ses6jwg

its 8.9% apr TYPICAL which means that is what 66% of applicants get.

YorkshireBoy

ses6jwg wrote: »

its 8.9% apr TYPICAL which means that is what 66% of applicants get.

I thought the wording and percentage had changed now, and was "representative" and "51%" respectively...see my post #12.

And it's recently been reduced to 7.4% APR representative...

http://products.santander.co.uk/loans.html?ct=primarynav

Other than that, the information in your post was fairly accurate.

chalkie99

ses6jwg wrote: »

its 8.9% apr TYPICAL which means that is what 66% of applicants get.

Actually, Santander use the term "representative" rather than typical and their percentage acceptance is only 51% - so even worse.

edited to agree with Yorkshire Boy who posted while I was typing

drbesty

This thread seems to get done to death on this forum by people who don't understand financial services