Nationwide Personal Loan- soft searches

debtdestroyer007

hello

i received a quote on a nationwide personal loan for 10k at an APR of 24.9%- i know the apr is high but does this mean there is good possiblity of being accepted?

thanks

Apples2

Why on Earth would you want to be accepted at 24.9%APR for such a sizeable loan? It's madness.

debtdestroyer007

i dont disagree with you Apples2... just wanted to know if the quote indicated an acceptance of some sort- it would have worked out better than my cuurent situation with cc 's only
i have around 4 searches in the last 6 months and my accumalted debt to credito ratio is around 65% mainly on credit cards.

i pay around 1420 a month on cc payments

banks-

have you been accepted?

lewpster

I did this before and was turned down a year or so ago. Also looked the other day and despite it saying it would not go on my credit file it has : (

debtdestroyer007

banks- wrote: »

have you been accepted?

i havent accepted the quote:

the application started bny offering 8.3% apr but by the time i entered my personal infiormation and debt ie credit card etc it change the quote to 24.9 %.... so i declined the quote

debtdestroyer007

lewpylew wrote: »

I did this before and was turned down a year or so ago. Also looked the other day and despite it saying it would not go on my credit file it has : (

just checked my credit expert and i can see soft searches that they have conducted.... i guess i have to accept their quote before they do a full search

banks-

i see, but if you get that sort of apr is it basically a decline?

debtdestroyer007

banks- wrote: »

i see, but if you get that sort of apr is it basically a decline?

they are so full of crap..... why bother with an indicative APR of 24.9 when chances are one would refuse....

i know historically they have been very picky to give credit out.....i suppose the credit crunch would make them even more choosy!!!

thanks for your help any ways

[Deleted User]

24.9 is a decline by default