Declined for loan/car finance

ontherightrack

thebritishbloke wrote: »

To be honest, you'd struggle with your own bank simply because you never have money in your account with them.

You won't really get a 3k loan anywhere, and if you do it's going to be at credit card type rates anyway. Go on MBNA's website and do their eligibility check for their 0% Money transfer card (don't go through with the full application, just the soft-search check, unless it says you're probably eligible). These cards let you do money transfers to your bank account at 0% for X months, for a one-off fee.

If it comes back as a no, you're sorta stuck with having to save up.

Thanks for your help think I may just save up just concerned how I should improve my later chances of credit if I don't use any

lynz68

Really your bank don't know you're saving as all they can see is the money going out of your account. To them it would look like you have no disposable income that would service the loan repayments.

I would be inclined to open up a saving account so they can see where your money is actually going.

pd52

parksajj wrote: »

You wouldn't get it

what rate and credit limit would you be looking at for it to be safe to click continue?

thebritishbloke

ontherightrack wrote: »

Thanks for your help think I may just save up just concerned how I should improve my later chances of credit if I don't use any

Just get yourself a credit card and set up a direct debit to pay it in full every month. Given 2 years of that and you'll be fine.