Nationwide refused loan! Appeal process

PeacefulWaters

Caz3121 wrote: »

probably irrelevant since rejected but it appears you wanted to pay and additional £14k to borrow an additional £10k plus increase the term of your debt by almost 2 years


A consolidation loan would generally to consolidate existing debt...in which case you may have had more success if you apply for the amount needed to consolidate without the extra
why not take the extra £10k you want out of your savings and save £4k on repayments?

Banks are within their rights to choose who they want to loan money to. You do not meet the lenders borrower profile...that is all they need to tell you.

You appear to have missed post #28.

Caz3121

PeacefulWaters wrote: »

You appear to have missed post #28.

I did indeed - still think it is a crazy plan to pay all that interest unless the savings are earning more than that...

System

What the hell do you have that amount of debt for if you've that much in the bank? Unless you can get a loan with a lower APR than the interest rate on your savings it will cost you more to repay a consolidation loan than it will to repay the debts out of your savings.