Unsecured Loan where to go...........?

GOLFER

Morning

I'm looking to raise about 20k in unsecured loans. My credit rating is good and but i do have some credit card debt.

Is it best to apply to one company or maybe split it between two companies eg Northern Rock and Abbey. and take 10k on each one.

Thanks in advance for any advice.

mrcow

I don't see the point in splitting it personally, you are just making it more complicated if you can get a good rate anyway.

Try moneysupermarket.com to compare rates.

Or if your credit rating is that good, have a look on Martin's credit card section on the main site for alternative ways to finance unsecured debt

GOLFER

thanks for that

The reason i thought i be better to split it was that i didnt want to take any PPi and thought if i applied for 2 x 10k it might be easier to get.

So what do you think the chances are of getting the 20k with NR without taking PPI.

Cheers

mrcow

I can't really say as it all depends on your circumstances.

NR are a pain when it comes to pushing PPI though. There are quite a few threads on it.

Their usual trick is to give you the low rate with the PPI and when you say that you don't want the insurance, the rate suddenly increases. They are not supposed to do this. I guess there could be two ways around it if they try this, firstly get them to send you the offer (with PPI) in writing, then you have the rate in black and white. Alternatively take the rate offered and cancel the PPI within the cooling off period.

Check out other threads on NR on here thought first before you apply. Their rates are good on paper, but not if you get pressure sold insurance that you don't want or need.

Also you may want to wait for some NR customers to reply to your thread first (I've never personally dealt with them and can only go by what I've read on here over the past 2 1/2 years).

I'm going to have a search on some threads for you and will link them below if I can find them.

GOLFER

that would be great

mrcow

There are some threads:

Here

Here

And here

Don't know if they are still doing this?

Problems with refusing PPI here