Sainsbury's Loan Underwriters mad??

eschaton

butterfinger wrote: »

I applied for a loan with Sainsbury's regardless of the reviews on this website (Big Mistake)...I applied for £7,500 over 5 years. Here is my basic profile...

- 45 years old, great job security
- £68,000 Salary pa
- Homeowner (No mortgage)
- Credit Score (Experian) = 997
- Low monthly outgoings
- No CCJ's, No Defaults, 1 late payment in the last 6 years
- 0 dependents

Sainsbury's Answer = NO

Honestly cannot understand this what so ever, the only reason i went to them is because being a loyal customer for god knows how many years, i got a letter through the door saying if i took this loan out i would have double necter points for 2 years!

When i appealed i was told i did not match their lending criteria.....???????? I can honestly say that they can stick their pet insurance, food shopping and petrol up their hole! Im finished with Sainsbury's after a good 25 years loyal to them.



Does anyone have an idea as to why they may reject this, serious answers only please

If I was SB, I would be asking how this geezer that earns £68k per year and has low outgoings......

Is applying for a £7.5k loan over 5 years.

Something doesn't add up - do you want to tell us what is wrong?

DCFC79

butterfinger wrote: »

Again nope, i dont even know what a guarantor loan is! If its a payday loan i have never had one of those, in fact i am in a campaign to have them more heavily regulated as i have had to bail my boy out of the payday loan dilemma, not good cost me close to £3k

Sorry but i dont buy this, on the loans for bad credit you posted this which you state a website who offer guarantor loans and that a guarantor is needed.

butterfinger wrote: »

The only place i can suggest is amigoloans.co.uk, you will need a guarantor though, and to be honest getting a guarantor is easier than you think, just make sure you give them a strong case as to how and why you will be able to keep up with your monthly payments, and if they and yourself know your trustworthy with money you should be able to get a loan, have a look at it. Yes the interest is high but its well worth especially if you are in the position where you need a loan but your credit score wont allow you to get any lower interest loans. "beggars cant be choosers" lol.

Hope this helps

DCFC79

eschaton wrote: »

If I was SB, I would be asking how this geezer that earns £68k per year and has low outgoings......

Is applying for a £7.5k loan over 5 years.

Something doesn't add up - do you want to tell us what is wrong?

He wont tell you that, you might get a PM though and a rude 1 at that.

eschaton

Must be school holidays this week.

eschaton

DCFC79 wrote: »

He wont tell you that, you might get a PM though.

Can't wait, been ages since I had one - unless it's past his bedtime.

victoria797

This made me LOL.

freshstart11

kids use the same account but on prev post says no family to help....why would you all use same account if not close - not having a go just sounds a bit odd

"but i am only 22, with no family at all here in Scotland as my grandparents passed away as well as my father and i dont really hear from other family that i can ask for help. ."

hmmm, does seem a little Troll to me!

BUT on off chance (ahem) this is genuine, challenge the decision

Blue_Max

- 45 years old, great job security
- £68,000 Salary pa
- Homeowner (No mortgage)
- Credit Score (Experian) = 997
- Low monthly outgoings
- No CCJ's, No Defaults, 1 late payment in the last 6 years
- 0 dependents

Sainsbury's Answer = NO

Does anyone have an idea as to why they may reject this,

I agree with Sainsbury's.
You don't deserve a loan!

We are in a recession you know and money is in short supply.
Why waste it on you.

There are many needy people out there who could do with some of the very little money that is available.

PS.
On a more positive note, I suggest that u have another try after your 21st birthday. Good Luck!