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Nationwide Loan soft search
So I got a quote for a £10000 loan over 5 years and the computer came back with 6.2%
Clicked on the apply button and got a rejection message immediately.
A little bit disappointed as I would have though the soft search would come back with a much higher rate if my credit profile is so poor?
What is the point of these soft searches?! :mad:
Clicked on the apply button and got a rejection message immediately.
A little bit disappointed as I would have though the soft search would come back with a much higher rate if my credit profile is so poor?
What is the point of these soft searches?! :mad:
0
Comments
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What details did you input to get the rate of 6.2%?"Dream World" by The B Sharps....describes a lot of the posts in the Loans and Mortgage sections !!!0
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Foxy-Stoat wrote: »What details did you input to get the rate of 6.2%?
Not sure what you mean by what details?
I was truthful when I completed the online form. I was already logged into my online banking so most of the personal details were already filled in.
I assume the 6.2% rate quoted was based on information obtained from my credit file so if I had entered misleading information then surely it would have either given a higher rate or declined to give a quote?0 -
Did you do it in the middle of the night? I think Nationwide has trouble giving quotes between midnight and 8am.
Otherwise ring them? It seems a little odd.£1000 Emergency fund No90 £1000/1000
LBM 28/1/15 total debt - [STRIKE]£23,410[/STRIKE] 24/3/16 total debt - £7,298
!0 -
andyfromotley wrote: »Did you do it in the middle of the night? I think Nationwide has trouble giving quotes between midnight and 8am.
Otherwise ring them? It seems a little odd.
No, I applied around 5PM yesterday.
I will give them a ring but I doubt they will change their mind.0
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