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999 credit score out of 1000 and STILL cant get a loan.
Comments
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If you have a lot of debt on your cards you are a risky customer. Each fresh card will increase the potential credit available to fill up. Regardless of your repayment history the banks just will not take you on.
I suggest you do not apply for another 6 months and in the interim pay off as much of outstanding balance as possible, whilst reducing the limits.0 -
tom188 wrote:If you have a lot of debt on your cards you are a risky customer. Each fresh card will increase the potential credit available to fill up. Regardless of your repayment history the banks just will not take you on.
I suggest you do not apply for another 6 months and in the interim pay off as much of outstanding balance as possible, whilst reducing the limits.
Thanks very much for that Tom.. some of my cards arent that bad really, just a fair few of them and some of them are almost at their max. So like you say if I get those sorted out and reduce the limits. I hadnt thought of THAT either.. :rolleyes: That should help. Thanku
Very proud of trying to deal with my debts. LBM 04/09
:T
[STRIKE]£34.217[/STRIKE] ~ 05/09. £33.817~ 06/09
to [STRIKE]13 [/STRIKE] 12 creditors. Doing my own DMP. :dance:
DMP mutual support member 309. NSD 12/120 -
I think what I might do is take the payment protection off everything.. thats a HUGE chunk of my debt/repayments im sure.. That will make it look more manageable.. I hope.Very proud of trying to deal with my debts. LBM 04/09
:T
[STRIKE]£34.217[/STRIKE] ~ 05/09. £33.817~ 06/09
to [STRIKE]13 [/STRIKE] 12 creditors. Doing my own DMP. :dance:
DMP mutual support member 309. NSD 12/120 -
Basically you have paid the credit agency £5.00 to be flattered.0
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Eupho, consolidation is rarely the best way to go about things. You are restricted to what you can pay each month and could face penalties for paying it off early.
I don't know whether you have seen this calculator but give it a go. It could show you that a loan could be more expensive in the long run. 0 -
MABLE wrote:Basically you have paid the credit agency £5.00 to be flattered.
Paid?? I didnt pay a BEAN
Edited to add: But thankyou for your kind words of encouragement.Very proud of trying to deal with my debts. LBM 04/09
:T
[STRIKE]£34.217[/STRIKE] ~ 05/09. £33.817~ 06/09
to [STRIKE]13 [/STRIKE] 12 creditors. Doing my own DMP. :dance:
DMP mutual support member 309. NSD 12/120 -
southernscouser wrote:Eupho, consolidation is rarely the best way to go about things. You are restricted to what you can pay each month and could face penalties for paying it off early.
I don't know whether you have seen this calculator but give it a go. It could show you that a loan could be more expensive in the long run.
Thank-you SouthernScouser Very proud of trying to deal with my debts. LBM 04/09
:T
[STRIKE]£34.217[/STRIKE] ~ 05/09. £33.817~ 06/09
to [STRIKE]13 [/STRIKE] 12 creditors. Doing my own DMP. :dance:
DMP mutual support member 309. NSD 12/120
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