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Does Loan affect credit
Hi,
I haven't taken a loan out to date.
I have good credit a full time job and have minimal repayments.
Santander are offering loans at 4.9%APR representative at the moment.
I am wondering is there a way to apply without tying myself to a contract to see my individual APR offered. And also how do loans affect my credit rating both in the current time and following my loan (assuming I do not miss any repayments.
Ciaran
I haven't taken a loan out to date.
I have good credit a full time job and have minimal repayments.
Santander are offering loans at 4.9%APR representative at the moment.
I am wondering is there a way to apply without tying myself to a contract to see my individual APR offered. And also how do loans affect my credit rating both in the current time and following my loan (assuming I do not miss any repayments.
Ciaran
0
Comments
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Once you apply, you will be advised of the rate if successful. You can then choose to accept or not.
A loan will impact how other lenders view you.0 -
Just to add what Zx81 said, your rating/score isn't seen by lenders. Focus on your history being correct.0
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If you've never had credit before and therefore no credit history that's not the same as having a good credit history, it just makes you an unknown quantity.0
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