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Lloyds tsb loan
Looking again to take out a loan again with Lloyds TSB.
At present have 4k from old loan to pay off which i will pay 3k then require new loan of 10k.
Am paying interest rate of 13.9% due to CCJ (£500),
New loan rate is 19.9%.
Why so much increase?
Would it be because i would still have 1k to pay of old loan!
I have two credit cards which i have only used twice this year and paid back in full each time.
Never missed a payment on loan.
Was hoping that the rate would be reduced.
At present have 4k from old loan to pay off which i will pay 3k then require new loan of 10k.
Am paying interest rate of 13.9% due to CCJ (£500),
New loan rate is 19.9%.
Why so much increase?
Would it be because i would still have 1k to pay of old loan!
I have two credit cards which i have only used twice this year and paid back in full each time.
Never missed a payment on loan.
Was hoping that the rate would be reduced.
0
Comments
-
How old is the CCJ?
If its not that long ago im surprised you got approved for a loan never mind one at 19%.
39% ... Thats whay my sister got offered 3 years after Bankruptcy.Censorship Reigns Supreme in Troll City...0 -
CCJ is 5 yrs old.forgotmyname wrote: »How old is the CCJ?
If its not that long ago im surprised you got approved for a loan never mind one at 19%.
39% ... Thats whay my sister got offered 3 years after Bankruptcy.
Old loan has 16 months to run, but will have only 1k balance left within the next two months which i want to pay off with new loan.0 -
With a CCJ on file I'm very surprised you had a loan at such a low rate. They are obviously seeing you as a higher risk hence the increase.0
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