Black Horse

jenni1188

i dont bank with them though

J_81

are they a lender to ppl with bad credit then?. I been recommneded them as a alternative to Welcome Finance but i don't wanna another credit search on my credit report unless i have a good chance at acceptance.
What interest rates do they give to people with a less than perfect credit rating i.e huge like WF

archer85

big_chief wrote: »

Just Be Careful.if You Miss Payments,they Like To Sell It To A Collection Company

Or in my brother in laws scenario take your house :eek:

purpleparrotuk

I am hoping to get car finance with them. Do they do a credit check on the person or the address?

I never agree with credit checks on the adsress becuase if you live with someone (parents etc) and they have bad credit why should you be refused?

Tori_Bellatrix

purpleparrotuk wrote: »

I am hoping to get car finance with them. Do they do a credit check on the person or the address?

I never agree with credit checks on the adsress becuase if you live with someone (parents etc) and they have bad credit why should you be refused?

Credit checks are on the individual - the only time other peoples status comes into play is if you are financially linked to someone .. i.e... bank account,mortgage etc ...

petermb_2

Paulxo wrote: »

I would say they're pretty good. They are more personal than most lenders as they don't look at computers....just their own records. If I want a loan, I go there.

However....borrowed 10k from them last year, and this year asked for a settlement figure. It was 11k. This was because the APR was high (I had a business deal going thru and had to get whatever). So watch out for that. That's why they're so friendly after all! (Although I often wonder why banks offer loans to poor risk customers with high APRs. Surely it just makes it more likely they're going to default?)

One other thing is make sure you say 'NO, no, no' to PPI.

I stupidly didn't.

You actually may not regret taking out the ppi at some point in the future if it is a single premium added to your loan. The very nature of the way this cover is set up, in the vast majority of cases, could allow to challenge the entire loan.

4littleone

I had a loan with Black Horse. The original value was around £1500.
I was made redundant, there were alot of rows about the PPI i had with them.
To cut a very long story short they spent almost a yr writing to an address i had never lived at and would not have goven to them. They had my correct address all along.
I now have a CCJ and the loan balance is shown as over £4k. They were ordered by the court to give me a full statement but have refused to comply with this.
Even the judge told them in court that he couldn't understand why they were bringing a case as i had made payments all the way through and had kept making token payments when i was made redundant.
I am now looking at claiming back the useless PPI.

I wouldn't touch them again with a bargepole. Thankfully i am a bit more clued up about money these days.