Lloyds TSB Loan with protector & daft rate!

mrmajika

jamesd wrote: »

So should a consumer try the phone or the branch first? Competition is good.

There's no advantage in terms of rates or levels of acceptance. It's really just down to preference.

_Andy_

What petty squabbling - and what a great face of LTSB you are. Superb. Very mature.

MABLE

WHat I find strange is if you apply for a Lloyds loan via internet banking they dont appear to do an external credit search. However if you go into a branch then a search is carried out.

MABLE

regularsaver1 wrote: »

Nah I'm all for the branch staff I'm afraid - that personal touch ;o)

And that is why the rates are less competitive than via the net.

jonesMUFCforever

Andy if you worked in a bank you would not say what you are saying - honestly.

mrmajika

MABLE wrote: »

WHat I find strange is if you apply for a Lloyds loan via internet banking they dont appear to do an external credit search. However if you go into a branch then a search is carried out.

To the best of my knowledge - they do!

I just took out a loan with LTSB via internet banking in Feburary and there is a search entry showing on my experian credit report.

Deleerious

Ok ok... anyway It's not the greatest advertisment for Lloyds I must admit if their "seeming" own staff are arguing amoungst themselves.

I realise i was daft getting into it but i've left a message saying i've been offered a loan amount at a far more competitive rate. Get it down to the 7.4%, REPAY my loan protector and i'll be a happier bunny.

Deleerious D

jonesMUFCforever

You have to show proof that you have been accepted for the lower APR loan and your credit score has to be very good to get a lower rate.

Good luck

towseriv

I realise i was daft getting into it but i've left a message saying i've been offered a loan amount at a far more competitive rate. Get it down to the 7.4%, REPAY my loan protector and i'll be a happier bunny.

Deleerious D[/QUOTE]

Why should loan protection be re-paid? Do you believe it was mis-sold?

Deleerious

Yes i do towseriv.

I explained i was (then 8 years employed). My company offered more than adequate cover for the loan and i wasn't interested. They made out that i had to have it and that the PPI and the loan would be re - negotiated in a years time (next month) to see how i was coping and hopefully to lower the rate.

I don't mind saying and although i cannot really prove this it was all very pressured and rushed as if by speeding the process up i wouldn't have a handle on the figures etc?

Well it worked!

Deleerious D