Best loan for Fair credit - HELP!!

bubblegumm

Hi there,

I'm looking for a loan and have signed up with Experian to see my credit score, trying to go about it all the right way so not to get turned down.

My credit score is listed as 'Fair' at 809.

Can anyone advise me as to where to go for a loan where wont' get turned down, as I don't want to dent the Fair credit I already have.

I was bankrupt in July 2008 and discharged just a few months after - I won't go into details as they're not relevant but there was no restrictions order etc, it was just a very fast cut and dried discharge due to the circumstances.

I'm not too bothered about the interest rate of the loan, more just the acceptance.

Un-secured, ideally around £12,000 but if anyone has any previous experience on this, I'd be very interested to know if anyone knows what amount with that credit score is likely to be accepted. If £10,0000 would be accepted and £12,000 wouldn't, I'd go for lower but just as near to that figure as possible.

Montly payment amounts aren't an issue as such, anything upto about £700 a month.

A short term necessity that has been put aside for and will be paid back with early repayment charges but it has been thought about long and hard, plus all options looked at.

If anyone could give me ANY advice at all, I would be so grateful.

Thanks, Louise x

Clive_Woody

With a recent bankruptcy on file I suspect the chances of you getting a loan for £12k or anywhere near are unlikely.

You might be better off posting your question on the Bankruptcy board as people on there will have been through similar things.

Apples2

Experian have lost the plot is they consider a 3yr Bankrupt a FAIR risk.

In any lenders eyes you will be pretty much as HIGH a risk as you can get.

KingElvis

Apples2 wrote: »

Experian have lost the plot is they consider a 3yr Bankrupt a FAIR risk.

In any lenders eyes you will be pretty much as HIGH a risk as you can get.

Just goes to show how wonky their scores are I guess :rotfl:

Where's James to tell us all about it?

Tixy

Regardless of what credit rating or score the CRAs give you (and it just adds weight to the argument not to pay any attention to these ratings) any potential lender would consider someone who has been bankrupt so recently as high risk, regardless of the situations that led to you being bankrupt.

bubblegumm

Yeh my Experian and Equifax ratings are almost equal, although I am inclined to think Experian's scores are far too "high".. Equifax seems more realistic.

I'm fully aware it's still the highest risk credit rating due to the history - that's why I was asking advice on anyone who has expeirence on what loan company would possibly look at it.

Thanks!!

Louise

KingElvis

Your own bank?

Nationwide do a soft search quote on their website so that may be worth a look?