Nationwide loans with an old default

The_Offside_Rule

I wasn't sure if this should be in this section or the Credit Rating section!

Anyway, could anybody please tell me what the eligibility criteria is on a personal loan from Nationwide?

I have a few defaults which are almost three years old, but have been with Nationwide for 30 months, paying in £1300 each month.

I also have my home insurance and an ISA with them (to strengthen my relationship with them)

Thanks in advance. :money:

Tixy

Do you know nationwide have a soft search option? so you could try a quotation search to see if you are likely to be accepted.

This doesn't put a credit application search on your credit file.

Clive_Woody

rdf1988 wrote: »

I have a few defaults which are almost three years old

These could be the deciding factor. Any other late or missed payments? Any CCJs? If you are not sure you need to get a credit report (not a credit score, these are worthless), costs £2.

Also current debt to earning ratio is relevant (assume they will allow a total maximum debt of around 50% of your earning).

As mentioned it's worth trying their soft search option.

DCFC79

rdf1988 wrote: »

Anyway, could anybody please tell me what the eligibility criteria is on a personal loan from Nationwide?

No on here will know that, its only known to the lenders.

KingElvis

rdf1988 wrote: »

what the eligibility criteria is on a personal loan from Nationwide?

Pretty unlikely, deaults are almost ineliigibility critera.

The_Offside_Rule

Thanks to you all for taking the time to answer.