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Please Advise
I need a personal loan of 3000, I applied to northern rock but they turned me down so I applied to my credit card company Virgin, and they have approved a 3000 loan but at a APR 16.9%, which means I will be paying about 900 on top over 3 years, my credit rating is fair, so do I take the loan or try somewhere else
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Comments
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as to whether you should take the loan or not but words of advice about applying for loans.
Every time you apply for credit you leave a footprint in your credit file so the more footprints, specially over a short period of time makes you look desparate for a loan and more likely to be refused.
Can I ask what the loan is for ? If it is to consolidate a debt then think very carefully.
Unless you have had what we DFW call our light bulb moment, you are likely to repeat the mistakes of the past and dig yourself a bigger hole.2014 Target;
To overpay CC by £1,000.
Overpayment to date : £310
2nd Purse Challenge:
£15.88 saved to date0 -
no not to consolidate it is towards a car, I do not have any other debts, is 16.9% a really high intrest rate0
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