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Loans with a poor credit history
atypicalblonde
Posts: 3,057 Forumite
in Loans
Hi everyone!
My OH was naughty with money when he was younger, and when we got together I found out he had, amongst other debts, a personal loan with his bank. The rate is 19.9%... he called LTSB to ask if he could make higher payments each month to them to pay it off faster and they said no (I gues because they want the interest
)
We got a copy of his credit file and there are 2 defaults registered on it. Is there ANY possible chance that he could get a better rate loan elsewhere to pay off the one he has, or is it v unlikely given his credit history? I think I may know the answer to my own question already, but always worth asking x THANKS x
My OH was naughty with money when he was younger, and when we got together I found out he had, amongst other debts, a personal loan with his bank. The rate is 19.9%... he called LTSB to ask if he could make higher payments each month to them to pay it off faster and they said no (I gues because they want the interest
)We got a copy of his credit file and there are 2 defaults registered on it. Is there ANY possible chance that he could get a better rate loan elsewhere to pay off the one he has, or is it v unlikely given his credit history? I think I may know the answer to my own question already, but always worth asking x THANKS x
MFW 
[STRIKE]Mortgage 8.2.15 - [/STRIKE][STRIKE]£171,064.64[/STRIKE] Mortgage 1.5.2018 - £99,980.45
[STRIKE]Mortgage 8.2.15 - [/STRIKE][STRIKE]£171,064.64[/STRIKE] Mortgage 1.5.2018 - £99,980.45
Aiming to be MF 1.10.2020
0
Comments
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Hi are the Defaults satisfied? and when are they due to be removed (6 years from the deafualt date) and how much was each of them for ?Dmp Mutual Support thread member No 820
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