Tesco loan

BoGoF

londonmet wrote: »

Hi all,

First time poster. I had a tesco loan a few years ago to consolidate my student debt (not my official student loan though). Last week I applied for a £11k loan over two years (about 6.3%) and i've been approved. As someone above suggested the key is to not run up the debt again!!

Ok then, just happen to stumble on this thread then

londonmet

BoGoF wrote: »

Ok then, just happen to stumble on this thread then

Yes actually. Look at the site lots but never really looked at the forums. Thought my experience might be useful to someone.

Clearly not you - what's your problem?

eschaton

oliel wrote: »

Glad you got the loan there hope for me then - i have never defaulted on any loan or had late payments. I always use my loans for things such as home improvements or assets such as cars. Make sure your clear your debt straight away. This is a great help to have this website but I do think that some people are a little too judgemental of others sometimes which is a shame. Not everyone is born with a silver spoon in their mouth. I have worked extremely hard to have my house which I have loads of equity in and loans have helped me achieve this all of which i should point out have been repaid in full - at not cost to any savers!! thanks.

I wasn't born with a silver spoon either but don't buy what I cannot afford.

You are starting £7k down and want to borrow another £5k for a car. I don't know how you can sleep at night.

Credit card, overdraft, loan - never ending eh?

Super-debt-man

Hey!


I am not proud about being in debt but accept it is my fault and this new Tesco loan ( 6.4% Apr), will save on my current Halifax loan of 13.9% (who I also bank and have my mortgage with.)

Nelly 12 – You are right. Anyone who says you can only borrow a certain % of your wage is talking out of their :exclamati!!



I admit, some lenders may have their own criteria about maximum lending but Tesco appears not to. Also, my own bank Halifax would not top me up £1500, but Tesco have lent me £13500 at their advertised rate of 6.4%.

RichGold - I don’t blame you for not believing me but I am being honest. My documents are being sent out tomorrow (Tuesday), so I should get them Wednesday. If you have a postal address I could photo copy them along with my credit report and you can see for yourself I owe over 26k and only earn 27k. (I would obviously tip-ex out my personal details)


As I said, I am not proud and a little disgusted with myself for being in this position but this new loan will bring my monthly outgoings right down and is at a better Apr.

Super-debt-man

eschaton wrote: »

I wasn't born with a silver spoon either but don't buy what I cannot afford.

You are starting £7k down and want to borrow another £5k for a car. I don't know how you can sleep at night.

Credit card, overdraft, loan - never ending eh?

On a big, soft, fluffy pillow I bet :j

27col

Do tell us, if and when the documents actually arrive.

oliel

geoffky wrote: »

All just numbers on a screen...its not that it is real money....if only some people realised how quick things can change...i would not sleep if i had 5k of debt..let alone the numbers listed above.

I think the practical advice is good and thankfully there are plenty of people willing to give unjudgemental advice but going around calling people you dont know !!!!less fools is plain rude and of no help to anybody. Supedebt man may have lots of debt and im sure he is stressed enough about it but that does not help and is unkind. If you ask me the country is in trouble because the goverment drastically underestimated how long people would live when they gave public sector workers pensions. Millions and millions of punds are going in to these with public sector workers working flexi time or from home (translates to skiving). Also interestingly there pensions cant got down when plenty of private sector workers who have invested in pensions have lost huge amounts because theirs can - rant over but please dont be rude to people - not nice!

Super-debt-man

oliel wrote: »

I think the practical advice is good and thankfully there are plenty of people willing to give unjudgemental advice but going around calling people you dont know !!!!less fools is plain rude and of no help to anybody. Supedebt man may have lots of debt and im sure he is stressed enough about it but that does not help and is unkind. If you ask me the country is in trouble because the goverment drastically underestimated how long people would live when they gave public sector workers pensions. Millions and millions of punds are going in to these with public sector workers working flexi time or from home (translates to skiving). Also interestingly there pensions cant got down when plenty of private sector workers who have invested in pensions have lost huge amounts because theirs can - rant over but please dont be rude to people - not nice!

Thanks Oliel. I have been lurking about on this site for a while now and am surprised how quick people are to “shoot you down” for admitting you are in a bit of debt and need some helpful advice.


I am the first to admit I am a tw-@, an idiot who has wasted money and borrowed more than I need. I do not need to be reminded it is my fault for being where I am.


I have tried to simply offer you an example, a break-down of my current debt, my situation and my new Tesco loan. Straight away I am accused of only being a 2 poster who can’t be believed because my new loan puts me at 98% of my annual wage.


My new Tesco loan helps free up money each month and is a better Apr, but that is not good enough for some on this site.


What people don’t understand is I am not struggling to make payments or worrying about paying the bills. I am simply using the new Tesco loan with a better Apr..........because I can.


I hope you get your loan. I have used Tesco before and am very pleased with their service. Remember you can also make additional payments if you come into some money or are feeling flush. This is how I paid my old loan off which may of helped me get this one.

Anyway....bring on the negative replies...:(

geoffky

oliel wrote: »

I think the practical advice is good and thankfully there are plenty of people willing to give unjudgemental advice but going around calling people you dont know !!!!less fools is plain rude and of no help to anybody. Supedebt man may have lots of debt and im sure he is stressed enough about it but that does not help and is unkind. If you ask me the country is in trouble because the goverment drastically underestimated how long people would live when they gave public sector workers pensions. Millions and millions of punds are going in to these with public sector workers working flexi time or from home (translates to skiving). Also interestingly there pensions cant got down when plenty of private sector workers who have invested in pensions have lost huge amounts because theirs can - rant over but please dont be rude to people - not nice!

The reason why we are in trouble is because of people borrowing debt they could never pay back,,,,,ninja loans and the likes,,

The western world has been on the biggest debt binge in the history of man
And government's did not have the balls to tell them the party was over forever..
The pain has yet to start for so many.
Debt is the last thing you need to be in when we are in these times.

RichGold

Super-debt-man wrote: »

Can’t believe they have lent me the money, I now have 98% of my income as debts lol!:T

Yay! Go you!

Super-debt-man wrote: »

I am not proud about being in debt

I refer you to your first quote above.

Super-debt-man wrote: »

I am surprised how quick people are to “shoot you down”

No shooting from me, just simple observations. If you can't see that your first post above is ridiculous, then this forum will be able to do nothing for you at all.