Personal loan at 9.9% APR

rk1983

Hi
I applied for a personal loan (advertised rate 3.something) and was approved but at 9.9%
Is this fair? I am 7 points off a "good" credit rating so I knew I wouldn't be eligible for a really low interest rate
I am wondering whether I should just go ahead with this as perhaps the best I will get with my current credit score.
Can anyone help? Grateful to hear your opinions

Candyapple

First off, ignore your credit score as it is meaningless, just a marketing tool.

Second, read this thread:
https://forums.moneysavingexpert.com/discussion/5667683

Third, read this:
http://www.moneysavingexpert.com/loans/cheap-personal-loans

Fourth, you can always try one more application to see if you can get a better rate, enter details here:
https://www.moneysavingexpert.com/eligibility/loans-calculator/

[Deleted User]

rk1983 wrote: »

I am 7 points off a "good" credit rating so I knew I wouldn't be eligible for a really low interest rate

Martin Lewis sells credit score points.

He's doing an offer of 10 points for £15 this week.

robber2

rk1983 wrote: »

Hi
I applied for a personal loan (advertised rate 3.something) and was approved but at 9.9%
Is this fair?

Irrelevant question; its their money and if thats the rate they are offering then its your choice to take it or leave it.

Rob

Clive_Woody

Deleted_User wrote: »

Martin Lewis sells credit score points.

He's doing an offer of 10 points for £15 this week.

Do you get Nectar points with your purchase?