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Refinancing question
shakuri
Posts: 1 Newbie
Hi,
Not sure if this is the correct forum to post in, so sorry if it is.
I have existing loan, credit card and overdraft with RBS and I am looking for a way to to consolidate that debt into one monthly payment.
The problem however is that my credit report is poor at the moment (I have a default from Vodafone that I am currently in the process of removing) and RBS won't allow me to refinance my existing loan.
I'm trying to find a reason why RBS won't refinance but they keep saying it's my credit rating, which is fair enough, but they can see that I am currently up to date on my current loan/credit card so why won't they consolidate my debt, they will still get their money!
Anyone have any advice? It would be greatly appreciated.
Not sure if this is the correct forum to post in, so sorry if it is.
I have existing loan, credit card and overdraft with RBS and I am looking for a way to to consolidate that debt into one monthly payment.
The problem however is that my credit report is poor at the moment (I have a default from Vodafone that I am currently in the process of removing) and RBS won't allow me to refinance my existing loan.
I'm trying to find a reason why RBS won't refinance but they keep saying it's my credit rating, which is fair enough, but they can see that I am currently up to date on my current loan/credit card so why won't they consolidate my debt, they will still get their money!
Anyone have any advice? It would be greatly appreciated.
0
Comments
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Its likely to be the unsatisfied default, they dont tend to like themDon't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
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